ECONOMIC OVERVIEW
Secretary of Finance and Public Credit: Francisco Gil Diaz
Secretary of Economy: Fernando Canales Clariond
Currency: 1 Peso = 100 centavos
Market Exchange Rate (01/31/03): US$1 = 10.97 pesos
Nominal Gross Domestic Product (GDP, 2002E): $643.9 billion
Real GDP Growth Rate (2002E): 0.9% (2003F): 3.1%
Inflation Rate (consumer prices, 2002E): 5.0% (2003F): 4.5%
Major Trading Partners: United States, Canada, Japan, Germany, and United Kingdom
Merchandise Trade Balance (2002E): -$8.5 billion
Exports: $160.0 billion
Imports: $168.5 billion
Major Export Products: products from maquiladoras, oil
Major Import Products: products for maquiladoras, consumer goods, capital goods, raw materials and intermediate goods
Total External Debt (2001E): $191 billion

ENERGY OVERVIEW
Energy Minister: Ernesto Martens Rebolledo
Head of PEMEX: Raul Munoz Leos
Proven Oil Reserves (1/1/03E): 12.6 billion barrels (see Reserves and Production)
Oil Production (2002E): 3.6 million barrels per day (bbl/d), of which 3.18 million bbl/d was crude
Oil Consumption (2002E): 1.93 million bbl/d
Net Oil Exports (2002E): 1.68 million bbl/d
Crude Oil Refining Capacity (1/1/03E): 1.7 million bbl/d
Natural Gas Reserves (1/1/03E): 8.8 trillion cubic feet (Tcf) (see Reserves and Production)
Natural Gas Production (2000E): 1.33 Tcf
Natural Gas Consumption (2000E): 1.38 Tcf
Recoverable Coal Reserves (2000E): 1.3 billion short tons
Coal Production (2000E): 10.86 million short tons
Coal Consumption (2000E): 13.41 million short tons
Net Coal Imports (2000E): 2.55 million short tons
Electric Generation Capacity (2000E): 38.9 million kilowatts
Net Electricity Generation (2000E): 194.37 billion kilowatthours (bkwh); 74% thermal, 18% hydro, 5% nuclear, 3% other
Net Electricity Consumption (2000E): 182.8 bkwh
Net Electricity Imports (2000E): 2.07 bkwh

ENVIRONMENTAL OVERVIEW
Secretary of Environment & Natural Resources: Victor Lichtinger
Total Energy Consumption (2000E): 6.18 quadrillion Btu* (1.6% of world total energy consumption)
Energy-Related Carbon Emissions (2000E): 103.2 million metric tons of carbon (1.6% of world total carbon emissions)
Per Capita Energy Consumption (2000E): 62.5 million Btu (vs U.S. value of 351.0 million Btu)
Per Capita Carbon Emissions (2000E): 1.0 metric tons of carbon (vs U.S. value of 5.6 metric tons of carbon)
Energy Intensity (2000E): 16,509 Btu/$1995 (vs U.S. value of 10,918 Btu/$1995)**
Carbon Intensity (2000E): 0.28 metric tons of carbon/thousand $1995 (vs U.S. value of 0.18 metric tons/thousand $1995)**
Sectoral Share of Energy Consumption (1998E): Industrial (54.7%), Transportation (24.8%), Residential (15.9%), Commercial (4.6%)
Sectoral Share of Carbon Emissions (1998E): Industrial (50.9%), Transportation (31.1%), Residential (13.2%), Commercial (4.8%)
Fuel Share of Energy Consumption (2000E): Oil (63.2%), Natural Gas (23.7%), Coal (4.0%)
Fuel Share of Carbon Emissions (2000E): Oil (73.5%), Natural Gas (20.4%), Coal (6.2%)
Renewable Energy Consumption (1998E): 713.7 trillion Btu* (1% decrease from 1997)
Number of People per Motor Vehicle (1998): 6.9 (vs U.S. value of 1.3)
Status in Climate Change Negotiations: Non-Annex I country under the United Nations Framework Convention on Climate Change (ratified March 11th, 1993). Ratified the Kyoto Protocol on September 7th, 2000.
Major Environmental Issues: Natural fresh water resources scarce and polluted in north, inaccessible and poor quality in center and extreme southeast; raw sewage and industrial effluents polluting rivers in urban areas; deforestation; widespread erosion; desertification; serious air pollution in the national capital and urban centers along US-Mexico border.
Major International Environmental Agreements: A party to Conventions on Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Marine Life Conservation, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands and Whaling.

* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP based on EIA International Energy Annual 2000.

ENERGY INDUSTRY
Organization: Oil and natural gas - Petroleos de Mexicanos (Pemex), four operating subsidiaries (Exploration and Production, Refining, Gas and Basic Petrochemicals, Secondary Petrochemicals), Petroleos Mexicanos Internacional (PMI); Electric power and distribution - CFE and LFC; Natural gas and electric power regulation - Comission Reguladora de Energia (CRE)
Major Ports: Gulf Coast - Cayo Arcos, Dos Bocas, and Pajaritos (handle most of Pemex's oil exports), Tuxpan, Ciudad Madero; Pacific Coast - Salina Cruz, Rosarito
Major Oil-Producing Fields: Cantarell, Abkatun, Ku, Caan, Pol, Chuc
Major Refineries (Crude Capacity) : Salina Cruz (330,000 bbl/d), Tula Hidalgo (320,000 bbl/d), Salamanca (245,000 bbl/d), Cadereyta (275,000 bbl/d), Minatitlan (194,000 bbl/d), Ciudad Madero (320,000 bbl/d)

Sources for this report include: Argus Latin American Energy; Cambridge Energy Research Associates; Chicago Tribune; CIA World Factbook; Dow Jones News wire service; Economist Intelligence Unit ViewsWire; Electric Utility Week; Financial Times; Global Insight; Global Power Report; Houston Chronicle; Inside Energy; Inside F.E.R.C.; Los Angeles Times; Megawatt Daily; Natural Gas Week; New York Times; Oil and Gas Journal; Oil Daily; Petroleum Economist; Petroleum Intelligence Weekly; Platts Oilgram News; San Diego Union-Tribune; U.S. Energy Information Administration; World Gas Intelligence; World Markets Online.