Top 10 Biggest Companies In Mexico Based on Market Cap (2024 Report)

Rosemary July 31, 2024 | 21:26

Mexico is a developing economy with the potential to become a significant economy in the next decades. Big companies make signifcant contributions to the country's economy.

Table of Contents
Top 10 Biggest Companies In Mexico By Market Cap (2024 Update) 1. Walmex 3. Fomento Económico Mexicano 4. Grupo México 5. Banorte 6. Grupo Bimbo 7. Coca-Cola FEMSA 8. Arca Continental 9. Grupo Financiero Inbursa 10. Grupo Elektra Conclusion

Mexico has the fifteenth largest nominal GDP and the thirteenth largest economy in terms of purchasing power parity. While Mexico's economy has experienced a period of exceptional stability, resulting in extremely low interest and inflation rates, there is enormous wealth inequality in the country, which has continued to rise in recent years, in line with worldwide trends.

Even though Mexico is stable, it has been having a lot of problems, such as not having enough infrastructure, tax and labor laws that aren't up to date, and, of course, the drug wars, which have destroyed a lot of the country and will be talked about later. It is a member of the Organization of Economically Developed Countries, but it is not as developed as most of the other members.

Check outTop 10 Biggest Companies In Mexico By Market Cap (2024 Update).

The Biggest Companies In Mexico By Market Cap (2024 Update)

Top 10 Biggest Companies In Mexico By Market Cap (2024 Update)

1. Walmex

Market cap: $72.46 billion

Walmex is a worldwide retail firm based in Mexico City. It was established in 1952. Walmex operates in several countries, including Mexico, Central America, and South America. The company's primary activities concentrate upon retail operations, which provide a diverse range of products and services such as food, apparel, electronics, and household goods. Walmex is known for its multiple brands, which include Walmart, Bodega Aurrera, and Superama.

2. America Movil

Market cap: $57.59 billion

America Movil is a telecommunications firm based in Mexico City, Mexico. It was founded in 2000. America Movil, which operates in 25 countries in the Americas, Europe, and Asia, is one of the world's major telecommunications firms. The company's primary activities include mobile and fixed-line telecommunications, internet access, and television services. Telcel, Claro, and TracFone are among its most well-known brands.

3. Fomento Económico Mexicano

Market cap: $46.24 billion

Fomento Económico Mexicano (FEMSA) was created in 1890 and has its headquarters in Monterrey, Mexico. It operates in several countries, including Mexico, Colombia, Brazil, Argentina, and Costa Rica. FEMSA primarily produces, distributes, and markets beverages, including Coca-Cola products, as well as operates convenience stores and pharmacies.

4. Grupo México

Market cap: $39.69 billion

Grupo México is a prominent Mexican corporation that works in several industries, including mining, infrastructure, and transport. One of Mexico's largest copper miners, it also operates the country's largest rail fleet, which includes over 11,000 kilometers of rail tracks, 800 engines, and over 26,000 coaches connecting five major Mexican cities.

5. Banorte

Market cap: $28.19 B.

Banorte, Mexico's largest banking and financial services corporation, with about 1,300 branches around the country, with headquarters in Mexico City and Monterrey. It is believed to be the largest retirement fund administrator and one of the country's four largest commercial banks. Banorte also has over 7,000 ATMs and accepts deposits from over 5,000 business enterprises.

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6. Grupo Bimbo

Market cap: $22.06 B

Grupo Bimbo is a multinational corporation with headquarters in Mexico City, Mexico. It was formed in 1945. The corporation operates in 33 countries, making it a major participant in the food market. Grupo Bimbo specializes in the manufacturing, distribution, and sale of baked goods, snacks, and other culinary products. The company's popular brands include Bimbo, Marinela, Tía Rosa, and Arnold.

7. Coca-Cola FEMSA

Market cap: $19.28 B

Coca-Cola FEMSA, headquartered in Mexico City, was created in 1993. It operates in ten countries, including Mexico, Brazil, Argentina, and Colombia. The company's primary activities are the manufacture, distribution, and marketing of Coca-Cola products. It serves a broad variety of beverages, such as carbonated soft drinks, juices, and bottled water. Coca-Cola FEMSA's iconic brands include Coca-Cola, Sprite, Fanta, and Del Valle.

8. Arca Continental

Market cap: $18.42 billion

Arca Continental is a worldwide beverage firm based in Monterrey, Mexico. It was founded in 2001. The corporation is active in 25 countries, including Mexico, the United States, and South America. Arca Continental's primary activities include the production, distribution, and marketing of non-alcoholic beverages. They sell a variety of items, such as carbonated soft drinks, bottled water, juices, and teas. Coca-Cola, Sprite, and Fanta are among their most well-known brands.

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9. Grupo Financiero Inbursa

Market cap: $16.22 B

Grup Inbursa, a financing firm controlled by Mexican billionaire Carlos Slim, is projected to be one of the largest Mexican companies by 2022. The organization offers a variety of goods, including general insurance, automotive insurance, health insurance, mortgages, retirement funds, and commercial banking.

10. Grupo Elektra

Market cap: $15.70 B

Grupo Elektra is a multinational corporation based in Mexico City, Mexico. It was formed in 1950. The company operates in more than ten countries. Grupo Elektra operates largely in the retail sector, providing a diverse range of items and services such as electronics, appliances, furniture, and financial services. It is also well-known for its popular brands, including Banco Azteca and Elektra.

Conclusion

Mexico's top ten firms include Walmex, America Movil, and FEMSA. Discover the country's largest firms in a variety of areas, including retail, telecommunications, and mining. The aggregate revenue of Mexico's top ten firms amounts to $194 billion.

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