Auto imports to Mexico grew at double-digit rates over the last three years, according to data from the Ministry of Economy. On a global scale, Mexico ranked twelfth among the largest importers of automobiles in 2023. Its share of total global auto imports rose from 1% in 2020
South Korea‘s exports (goods and services) accounted for 41.5% of that nation’s Gross Domestic Product (GDP) in 2023. In that year, these overseas sales were 997 trillion won, a year-on-year decline of 5.3%, at chained 2020 prices, according to data from The Bank of Korea. Here’s how South
The International Monetary Fund’s (IMF) economic outlook for Brazil for 2024 and 2025 considers growth of 2.1% and 2.4%, respectively. On August 11, 2023, President Luiz Inácio Lula da Silva presented the new growth acceleration program, known as PAC. This program promises to invest R$ 1.7 trillion in
The United States has significantly increased export controls for national security and foreign policy objectives. It also does so to prevent arms proliferation. These controls are based on regulations that restrict the export of certain products, services and technology. According to Onto Innovation, in recent years, the U.S.
Imports of intermediate goods to Mexico grew 1.3% from January to May 2024 over the same period in 2023. Intermediate-use goods are used in production and go through changes or are integrated with other goods to create new products. In all of 2023, imports of intermediate goods to
Zinc production in Mexico fell 12.9% year-on-year from January to April 2024, to 112,539 tons, according to Inegi data. Zinc demand is mainly driven by demand for galvanized steel, used in construction, automotive and other industrial applications. Previously, Mexico recorded two year-on-year declines in all of 2022 and