What are the 100 largest companies in Mexico?
The relevance of these 100 companies in the Mexican business environment is even more evident if one considers that their sales are equivalent to 61% of the country’s Gross Domestic Product (GDP), and are above the value of the production of countries such as Sweden (13.4 billion), Belgium (12.6 billion), Israel (10.2 billion), Argentina (9.8 billion), and Norway (9.3 billion).
So there is no doubt, this group of companies led by Petróleos Mexicanos, América Móvil, Walmart de México, Comision Federal de Electricidad, FEMSA, General Motors de México, Grupo Bimbo, Alfa, Grupo México and Cemex, has great weight in the economic and business activity in the country.
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How big are the 100 most important companies in Mexico?
But as the saying goes “everything depends on the glass with which you look”, and if you compare the sales of the 100 largest companies in Mexico with the 100 largest in the United States, those in that country generate 13 times more income (213.5 billion pesos). The sales of the 100 largest Mexican companies only represent 7.3% of what their US counterpart generates, according to data from Bloomberg.
The sales of Wal-Mart, Inc. (11.6 billion pesos) and Amazon (9.6 billion pesos), the two largest companies in the US economy, add up to 21.2 billion pesos, an amount 1.4 times higher than that reached by the 100 companies largest in Mexico (15.3 billion).
If we compare the 100 largest Mexican companies with their counterpart in Brazil, an economy more similar to Mexico’s in terms of size and with which comparisons are repeatedly made, Brazilian companies also outperform Mexican ones.
Although, the difference between Mexican and Brazilian companies is smaller. The accumulated sales of the 100 largest companies in Brazil (16.8 billion pesos) are only 10% above those generated by Mexican companies, according to data from Bloomberg.