The Atradius Payment Practices Barometer for June 2019 reveals that Mexico's economic growth is weakening, with GDP growth forecasts revised downward to 1.4% in 2019 and 1.9% in 2020. This is due to slower-than-expected growth in the US, Mexico's main trading partner. However, private consumption remains the main engine of growth. Mexico's top 5 imports are automobiles, petroleum oils (excluding crude), monolithic integrate circuits, automobile parts and accessories of automatic data processing, and telegraphic apparatus. Mexico's top 5 trading partners are the US, Canada, Germany, China, and Spain. The proportion of total B2B sales made on credit in Mexico is 60.5%.
