Mexico’s Top 10 Major Export Companies

Mexico City

Mexico City

Two of Mexico’s 10 largest export companies manufacture beverages enjoyed by drinkers around the world. Two businesses that export diversified metals also appear on the list.

To give some international trade perspective on the performance of these major Mexican companies, the value of exports from the Mexico rose 7.8% from US$379.9 billion in 2013 to $409.5 billion during 2017. From 2016 to 2017, Mexico’s exported goods appreciated 9.5%.

In the analysis below, we compare 10 among Mexico’s biggest exports-related businesses based on asset values, sales and profitability. Also listed is the Mexican city where each business has its headquarters.

Mexico’s Top 10 Major Export Companies


Below are Mexico’s biggest export companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of December 2018 compared to 2017.

  1. América Móvil (telecommunications): US$78.7 billion, up 7% from 2017
  2. GFNorte (regional bank): $76.2 billion, up 11.7%
  3. Femsa (beverages): $31.3 billion, up 18.2%
  4. Cemex (construction materials): $29.2 billion, up 0.3%
  5. Grupo Inbursa (regional bank): $28.7 billion, up 11.2%
  6. Grupo Mexico (diversified metals, mining): $26.7 billion, up 17%
  7. ALFA (industrial conglomerate): $19.1 billion, up 12.9%
  8. Grupo Televisa (broadcasting, cable): $15.9 billion, up 6.7%
  9. Grupo Bimbo (food processing): $13.4 billion, up 12.6%
  10. Arca Continental (beverages): $12.6 billion, up 85.6%

The fastest-growing among these major Mexican companies from 2017 to December 2018 were Arca Continental via 85.6%. In second place was another beverages producer Femsa with its 18.2% asset appreciation.

The mildest asset growth was construction materials firm Cemex, which expanded its asset base by 0.3%.


Sales is the life blood of most businesses, particularly for firms that compete on the international stage. Nine of these large Mexican firms increased their year-over-year sales as of December 2018.

  1. America Movil: US$54.6 billion, up 4.6% from 2017
  2. Femsa: $25.2 billion, up 20.6%
  3. ALFA: $17.4 billion, up 10.7%
  4. Grupo Bimbo: $14.5 billion, up 8%
  5. Cemex: $14 billion, up 2.6%
  6. Grupo Mexico: $10.2 billion, up 24.7%
  7. GFNorte: $9.1 billion, up 42.2%
  8. Arca Continental: $8.1 billion, up 61.7%
  9. Grupo Televisa: $5.1 billion, down -1%
  10. Grupo Inbursa: $4.5 billion, up 36.4%

Beverages company Arca Continental (up 61.7%) posted the fastest sales ahead of financial institutions GFNorte (up 42.2%) then Grupo Inbursa (up 36.4%).

There was one sales decline year over year, specifically the -1% dip for Grupo Televisa.


Nine of Mexico’s major companies were profitable as of December 2018. The sole business to generate red ink in the last reporting period was industrial conglomerate ALFA via its -$87 million loss.

  1. Femsa: US$2.1 billion, up 84.2% from 2017
  2. Grupo Mexico: $1.7 billion, up 53.2%
  3. GFNorte: $1.4 billion, up 40%
  4. Grupo Inbursa: $979 million, up 47.2%
  5. Arca Continental: $685 million, up 41.7%
  6. America Movil: $624 million, up 34.9%
  7. Cemex: $487 million, down -35.1%
  8. Grupo Bimbo: $265 million, down -16.1%
  9. Grupo Televisa: $208 million, up 4.5%
  10. ALFA: -$87 million, reversing a $144.4 million profit

Mexican firms that expanded their profits at the fastest pace year over year were led by beverages company Femsa via its 84.2% gain. In second place was miner Grupo Mexico (up 53.2%) trailed by regional bank Grupo Inbursa (up 47.2%) then another beverages seller based in Mexico, Arca Continental.


Five of the 10 largest Mexican exports-related companies are based in Mexico’s capital, Mexico City. A pair of other major businesses have their headquarters in Monterrey located in the northeast commercial center of Mexico. Three more large enterprises are found in San Pedro Garza García, a commercial suburb within Monterrey.

  1. ALFA: San Pedro Garza García
  2. America Movil: Mexico City
  3. Arca Continental: Monterrey
  4. Cemex: San Pedro Garza García
  5. Femsa: Monterrey
  6. GFNorte: San Pedro Garza García
  7. Grupo Bimbo: Mexico City
  8. Grupo Inbursa: Mexico City
  9. Grupo Mexico: Mexico City
  10. Grupo Televisa: Mexico City


Note: Some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.

For example, Arca Continental produces snack foods as well as non-alcoholic beverages including soft drinks, dairy beverages, flavored drinks and jug water.

See also Mexico’s Top 10 Imports, Mexico’s Top Trading Partners, Top Mexican Trade Balances and Mexico’s Top 10 Exports

Research Sources:
Forbes Global 2000 Companies List – Year 2017 Edition, including link to Excel spreadsheet. Accessed on December 21, 2018

Forbes Global 2000 individual company profiles, Example of top Mexican company compiled for this study: Cemex. Accessed on December 21, 2018

Forbes Global 2000 rankings for Mexico, The World’s Biggest Public Companies. Accessed on December 21, 2018

Trade Map, International Trade Centre. Accessed on December 21, 2018, Forbes. Largest Mexico companies 2016. Accessed on December 21, 2018, Forbes. Largest Mexico companies 2016. Accessed on December 21, 2018

ResearchGate, Mexican enterprises featured in Forbes 2000 for 2017. Accessed on December 21, 2018

Wikipedia, San Pedro Garza García. Accessed on December 21, 2018