Mexico led the purchases of wheat originating in the United States in 2021, with 1,294 million dollars, a growth of 66.4% year-on-year. Wheat is used to produce flour, the key ingredient for breads, pastas, crackers, and many other food products, as well as various industrial products such as
U.S. pork exports hit a record high in 2021, totaling $8.107 billion, up 5.1% year over year. The main destinations? China, with 1,698 million dollars and a decrease of 25.6%, followed by Japan (1,694 million, +4.4%) and Mexico (1,675 million, 45.3 percent). For the Department of Agriculture (USDA),
China and Mexico were the largest importers of soybeans from the United States in 2021, with purchases of 14,101 million and 2,669 million dollars, respectively. While these imports climbed 0.2% in the case of China, those destined for Mexico increased 42%, at annual rates. Soybeans are an oilseed
Chile, the world’s largest copper producer, has made a series of changes to its regulations in the mining industry, one of the essential sectors of its economy. On February 4, 2022, Law No. 21,420 of Chile was published in the Official Gazette, which reduces or eliminates certain tax
The food sector ranked as the largest of Mexico’s manufacturing industries in terms of output in 2021. Indeed, preliminary data from the Inegi show that the food industry reached a production of 703,600 million pesos last year, an increase of 9.8% per year. At a year-on-year rate, all
The total assets of the Mexican banking sector were 11 trillion 078 billion pesos at the end of December 2021, which represented a real decrease of 7.8% compared to the end of 2020. According to data from the federal government, the current credit portfolio of the banking sector