As of 2014, Canadian imports from Mexico include television sets, automobiles, gas-powered trucks, cigarettes and beer. Lamps, telephones and agricultural goods, such as tomatoes, peppers and avocados, are also imported.
Trade between Canada and Mexico was bolstered by the North American Free Trade Agreement. NAFTA is an agreement signed by Canada, Mexico and the United States that creates a trilateral rules-based trade bloc in North America. It came into force on Jan. 1, 1994, superseding the Canada-United States Free Trade Agreement. Since the entry in force of the NAFTA in 1994, bilateral trade between Canada and Mexico has more than quadrupled from the 1993 value of $3.6 billion, reaching in excess of $30 billion by 2013.
Mexico is the largest exporter and importer in Latin America. It exports more manufactured goods than all other Latin American countries combined. As of 2013, Mexico is Canada’s third largest import market after the United States and China and its fourth largest trading partner worldwide, behind the United States, China and Japan. Mexico has markedly expanded its export supply since 1993 when it exported only 1,000 types of products to Canada. In 2010, by contrast, Mexican exports to Canada comprised almost 4,000 product types, most significantly from the electronics and automotive sectors.