The structure of Mexican exports continues to be led by manufactured products, which accounted for more than 85% of exports in 2021, according to information from the World Trade Organization (WTO). While agricultural products accounted for 5.0% of Mexico‘s foreign sales, mineral (mainly petroleum) and extractive industry products
An UNCTAD report said that according to the United Nations Global Policy Model, world GDP is expected to grow 2.5% in 2022. This is 1.0 percentage points lower than the rate forecast for this year in the Trade and Development Report 2021, but is broadly in line with
As of Thursday, Mexico exempted tariffs on toilet paper imports, as part of the Anti-Inflation and Deficiency Package (PACIC). Essentially, the country is an exporter of this product, with marginal imports, but the measure was motivated by a certain degree of global shortages. From January to November 2021,
El Puerto de Liverpool reported that its deliveries in five days or less improved 15% in the third quarter of 2022 versus the same period last year. Click & Collect continues to recover its level, reaching during the third quarter 34% of digital sales, 9 percentage points above
Gruma reported that it invested US$95 million in the third quarter of 2022, part of which was used to build a tortilla plant in Indiana, United States. In addition, these investments were used to acquire the land where the tortilla plant is located in Monterrey, Mexico; increase capacity
Nemak has a portfolio of more than 60 customers, including some of the world’s leading automotive groups and their subsidiaries. Among its customers are BMW, Ford, GM, Hyundai-KIA, Jaguar Land Rover, Mercedes Benz, Renault-Nissan, Stellantis and Volkswagen Group. It is estimated that, during 2021, Nemak supplied more than