Mexico registered an increase of 9.2% year-on-year in its tax collection for foreign trade in 2021, to 999,000 million pesos, reported the Ministry of Finance and Public Credit (SHCP). The data includes the collection reported by the Customs Assistant plus Foreign Trade Taxes (IGI and IGE) reported by
The automotive industry boosted Mexico‘s exports in February, with a favorable balance in the trade balance of 1,293 million dollars. In particular, according to Inegi, external sales of the automotive industry registered a year-on-year growth of 31.8%, to 14,251.9 million dollars. While Mexico’s total exports were 46,246 million
Mexican customs issued 573 embargo orders (270 for undervaluation and 303 address verifications) in 2021, which represented 31.1% less than the previous year, reported the Ministry of Finance and Public Credit (SHCP). Regarding operations with value and origin risk, during 2021, customs carried out 3,998 value analyses, 37.8%
In terms of customs control, during 2021, the Ministry of Finance and Public Credit (SHCP) of Mexico initiated 7,483 Administrative Procedures in Customs Matters (PAMAS) on imports, 3.8% below those carried out in the same period of 2020. A PAMA is the set of acts provided for in
The number of foreign commercial invoice from Mexico totaled 9,968,000 in 2021, a year-on-year increase of 14.6%, reported the Ministry of Finance and Public Credit (SHCP). If that same amount is compared to 2019, the increase is 5.8 percent. The commercial invoice is the statement in electronic document,
The steel industry and mining maintained a trend of consolidation in the world during the last three years, ArcelorMittal pointed out. ArcelorMittal is one of the world’s leading integrated steel and mining companies. The company is also the largest steel producer in Europe and one of the largest