In Canada’s trade in 2023, product exports recorded a year-on-year drop of 1.4 percent, while imports grew 1.4 percent. Consequently, exports declined to C$768.655 million and imports increased to C$770.082. Also, Canada’s merchandise trade balance with the world went from a surplus of C$19,706 million in 2022 to
Mexico broke a record in its market share in the United States, reaching a coverage of 15.4% of total imports of products to that destination in 2023. With this, Mexico surpassed the market share of China (13.9%) and Canada (13.7%), according to data from the Department of Commerce.
U.S. exports maintained Canada as the top destination in 2023, according to statistics released Wednesday by the Census Bureau. The United States exported products to the Canadian market with a customs value of $353.235 million in the past year, down 0.9% compared to 2022. Moving forward, Export Development
Mexico was the top trading partner of the United States in 2023, according to information from the Department of Commerce. This first position refers only to trade in goods, not including services. Of total U.S. trade (exports and imports) in 2023, flows with Mexico comprised 15.7 percent, ahead
Mexico displaced China as the leading exporter to the United States in 2023, the U.S. Census Bureau reported on Wednesday. Without services, this indicator only considers products. With a year-on-year growth of 4.6%, foreign merchandise sales from Mexico to its northern neighbor were 475,607 million dollars last year.
Worldwide, overcapacity is affecting the shipbuilding sector, although the number of active shipyards in 2022 was 301 compared to a peak of 699 in 2007, according to a U.S. congressional analysis. Shipbuilding ranges from small vessels to the manufacture of large cargo ships, cruise ships and military vessels.