Mexico’s exports: a boost for the automotive industry
Mexico‘s exports totaled US$42,590.6 million in January 2023, a year-on-year increase of 25.6%, driven by the automotive industry. Conversely, Mexican imports (which, like exports, consider products without services) totaled 46,715.7 million dollars, an increase of 16.3% year-over-year. With this, Mexico registered a deficit of 4,125.1 billion dollars in its trade balance, informed Inegi this Monday. […]
Mexico’s imports rose 19.6% in 2022
Mexico‘s imports registered a year-on-year increase of 19.6 percent in 2022, to 604,614.6 million dollars, Inegi reported Friday. In particular, in December 2022, total merchandise imports showed a seasonally adjusted monthly increase of 2.72 percent. This variation originated from increases of 1.87 percent in non-oil imports and 10.60 percent in oil imports. By type of […]
Mexican imports hit record high
Mexican imports totaled 56,168.2 million dollars in August, which represents a 27% annual increase and a record. In August 2022, the advance in the value of imports reflected growth of 24.1% in non-oil imports and 49.5% in oil imports. When considering imports by type of good, annual increases of 43.8% were observed in imports of […]
Mexico’s exports grow 25.2%
Mexico‘s exports grew 25.2% in August, to 50.67 billion dollars, above the average of what they had previously increased in 2022. With this, Inegi reported that Mexican exports accumulated an increase of 18.9%, to 377,945.8 million dollars. On the other hand, Mexico imported products for a customs value of 56,168.2 million dollars in August, 27% […]
Mexico doubles foreign purchases of gasoline and butane and propane gas
Mexico doubled its foreign purchases of gasoline and butane and propane gas, as a whole, in June 2022, Inegi reported on Wednesday. Overall, imports of consumer goods were 7,978 million dollars, a figure that translated into an annual increase of 49 percent. This rate was the result of increases of 25.5 percent in non-oil consumer […]
Imports from Mexico grow 25.7% in April
Imports from Mexico were 49,364 million dollars in April, an amount that implied an annual increase of 25.7%, reported the Inegi. This indicator has presented ups and downs in its growth: in January (18.5%), February (24.2%) and March (12.7 percent). After falling 2.7% in January 2022 with seasonally adjusted figures, Mexico’s imports increased in the […]
Mexican imports rise 19% in January
Mexican imports of products climbed 18.5% in January at the annual rate, which amounted to 40,185.4 million dollars, reported the Inegi. With series adjusted for seasonality, total imports registered a monthly fall of 3.42%, which was derived from decreases of 3.47% in non-oil imports and 2.96% in oil imports. By type of good, there were […]
Imports from Mexico increase 32% in 2021
Imports from Mexico totaled 505,715.6 million dollars in 2021, which represented an increase of 32.1% year-on-year, reported the Inegi. Within it, non-oil imports grew at an annual rate of 28.5% and oil imports at 71.5 percent. The structure of the value of imports in 2021 was as follows: intermediate-use goods 79.7%, consumer goods 12.3% and […]
Imports from Mexico rise 43% in August: Inegi
Imports from Mexico rose 43% in August, to 40.313 million dollars, informed the Inegi. This figure was a reflection of increases of 37.5% in non-oil imports and 113.5% in oil imports. When considering Mexico’s imports by type of good, annual increases of 43.9% were observed in imports of consumer goods, 44.5% in intermediate-use goods and […]
Mexican imports of products increased 50.6% in July
Mexican imports were 44.951 million dollars in July, which represented an annual increase of 50.6%, informed the Inegi. Mexico is the second largest economy in Latin America behind Brazil. Likewise, Mexico outperforms its Latin American peers in measures of creditworthiness and business climate. While per capita income is in line with the regional average, growth […]