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HSBC Mexico Financial Report

Connectivity: Mexico's trade balance Total Exports USDbn 41% Total Imports USDbn HSBC ☑ 36% 420 411 351 350 309 302 291 298 234 230 2008 2009 2010 2011 2012e 2008 2009 2010 2011 2012e 42 free trade agreements with countries that represent 65% of world's GDP. 77% of total exports to US as of 1H12 Estimates by HSBC Mexico calculations Source: INEGI (Mexico's National Institute of Statistics and Geography) and HSBC Global Research 50

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