Mexico and the European Union, mutually need each other.

Mexico ranks 26th among EU trade partners and 16th amongst its export partners. The EU is Mexico's second biggest export market after the USA. Since the 2000, Mexico and the European Union have a trade agreement. The EU-Mexico Free Trade Agreement (FTA) is one of the most comprehensive in the global economy. It covers trade in goods and services, markets, competition, intellectual property rights and investment.
Mexico exports minerals, machinery, electric equipment, transport equipment and photo instruments.
The European Union exports machinery, electric equipment, transport equipment, chemical products and minerals.
Finally, we can say that the European Union influence a lot the mexican economy, as also Mexico influence the EU economy. Mexico and EU mutually need each other.

Trade in Goods:
EU goods imports to Mexico 2007: €11.9 billion
EU goods exports to Mexico 2007: €20.9 billion

Trade in Services:
Imports from Mexico 2007: €2.7 billion
Exports to Mexico 2007: €4.1 billion

Foreign Direct Investment:
EU FDI stock in Mexico 2006: €45.5 billion
Mexican FDI stock in EU 2006: €8.9 billion
EU investment flows to Mexico 2006: €1 billion
Mexican investment EU FDI flow 2006: €0.1 billion

http://ec.europa.eu/trade/issues/bilateral/countries/mexico/index_en.htm