During 2023, Mexico‘s product trade balance showed a deficit of US$5.464 billion, which compares with a deficit of US$26.879 billion observed in 2022. The trade balance is an economic term that refers to the difference between the value of a country’s exports and imports of goods and services
The United Nations Conference on Trade and Development (UNCTAD) expressed its «deep concern» over recent disruptions in maritime transport. In particular, increasing disruptions to world trade have been caused by geopolitical tensions affecting shipping in the Black Sea, attacks on shipping in the Red Sea affecting the Suez
Imports to Mexico fell at a year-on-year rate of 1.0% in 2023, to US$598.475 billion. While Mexican purchases of petroleum products fell 30.2% to $51.755 billion dollars, those of non-petroleum products rose 3.1% to $546.721 billion dollars. Mexico is the fourteenth largest economy in the world, the second
Mexico‘s exports (merchandise, excluding services) were US$593.012 billion in 2023, an increase of 2.6% over 2022. Since its foreign purchases fell 1.0% to 598.475 billion dollars, the country had a deficit of 5.464 billion dollars. Among the companies that export the most from Mexico are Pemex, General Motors,
The pesticide use in the world increased between 2000 and 2021 by 62%, reaching 3.5 million tons in 2021, according to data from the Food and Agriculture Organization of the United Nations (FAO). Major companies producing a wide range of chemicals to protect agricultural crops from pests, diseases
Mexican chili exports in 2023 were US$1.101 billion, a growth of 7.3% over the previous year. Mexico has been a major exporter of chili peppers and chili-related products. Mexico is known for its diversity of chiles, ranging from mild to extremely hot. Among the most exported chiles are