Mexico is known for many negative things, but even with those traits it has managed to find a way to shine. Currently Mexico holds the number four spot as far as luxury goods being sold is concerned, and is only behind the U.S., Japan, and China. Likewise, a luxury trade fair will be coming to Mexico City at the beginning of November, so take note of the blossoming Mexican economy.

Mexico holds the No. 4 spot in the international luxury goods market, thanks to the country’s “economic and political stability,” and import agreements, Luxurylab founder Abelardo Marcondes told Efe.

“The principal difference between Mexico and other countries is the economic and political stability that it has achieved, as well as the import agreements with other countries, much different than Brazil, where import duties are very high,” Marcondes said.