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Imports from Mexico advance 31.4% in March

Imports from Mexico totaled 46,006.5 million dollars, an annual increase of 31.4%, informed the Inegi.

The value of merchandise imports in March of the current year was located at 46,007 million dollars, which represented an annual increase of 31.4 percent.

In the January-March period of this year, the value of total imports amounted to 113,456 million dollars, an amount 8.3% higher than that observed in the same period of 2020.

Within it, non-oil imports advanced at an annual rate of 7.2% and oil imports did so at 17.9 percent.

Imports from Mexico

Imports of consumer goods totaled 4.926 billion dollars, a figure that translated into an annual advance of 16.2 percent.

This rate was the result of the combination of a 27.3% growth in non-oil consumer goods imports and a 12.3% drop in oil consumer goods (gasoline and butane gas and propane).

For its part, in March 2021 intermediate-use goods were imported for a value of 37,438 million dollars, a level 33.8% higher than that reported in March 2020.

In turn, this annual increase originated from increases of 22.9% in imports of non-oil intermediate-use goods and of 173.1% in those of oil-based intermediate-use products.

Regarding imports of capital goods, in the reference month they reached 3.642 billion dollars, which implied an annual increase of 31.1 percent.

The structure of the value of imports in the first quarter of 2021 was as follows: intermediate-use goods 80.2%, consumer goods 11.4% and capital goods 8.4 percent

Actions on foreign trade

On March 3, 2021, the Ministry of Economy, in collaboration with the Inter-American Development Bank (IDB), presented Comercia MX, a new digital platform that allows Mexican companies to expand their businesses to the global market.

In general, this platform aims to help micro, small and medium-sized companies obtain information that helps them enter the global market.

Likewise, on March 16, 2021, the National Committee for Trade Facilitation began to operate in order to comply with the international commitments derived from the Trade Facilitation Agreement of the World Trade Organization, ratified by the Senate of the Republic (Senate) in June 2016.

The objective of the Committee is to facilitate coordination between the agencies, entities of the Federal Public Administration and the autonomous constitutional bodies that participate in the regulation of programs related to foreign trade.


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