Canada: commodities and USMCA
28 noviembre, 2023
Canada is highly dependent on the production of commodities in its export basket and on the U.S.-Mexico-Canada Agreement (USMCA) as an export market. In general,
Canada is highly dependent on the production of commodities in its export basket and on the U.S.-Mexico-Canada Agreement (USMCA) as an export market. In general,
Commodity prices have declined from the peak levels reached in 2022, but remain high compared to previous periods. By September 2023, the average crude oil
Global total and refined copper consumption will grow at a compound annual growth rate of 2.4% and 2.2%, respectively, between 2022 and 2032, according to
World soybean imports increased by an average of 10.9% per year between 2000 and 2021, significantly more than total agricultural imports (+7.5% per year), according
U.S. soybean consumption was 62 million 905,000 tons in the 2021-2022 cycle, an increase of 3.1% over the immediately preceding cycle. Looking further back, this
The Mexican maquiladora (in-bond) industry is made up of entities that import raw materials and components duty-free and, in turn, export their finished products, with
China, Japan and Mexico were the largest corn importers in the world during 2022, according to data from the World Trade Organization (WTO). While corn
Mexico‘s auto parts production for the export market broke a record in 2022, but production for the domestic market is still below its all-time high.
The commodity rally that began in 2021 and continued through the first half of 2022 subsided in the second half of 2022 and into 2023.
S&P Global Mobility expects global automotive production to increase 5% in 2023 compared to 2022. Production remains below recent historical levels. According to Lear Corporation,
Canada is highly dependent on the production of commodities in its export basket and on the U.S.-Mexico-Canada Agreement (USMCA) as an export market. In general,
Commodity prices have declined from the peak levels reached in 2022, but remain high compared to previous periods. By September 2023, the average crude oil
Global total and refined copper consumption will grow at a compound annual growth rate of 2.4% and 2.2%, respectively, between 2022 and 2032, according to
World soybean imports increased by an average of 10.9% per year between 2000 and 2021, significantly more than total agricultural imports (+7.5% per year), according
U.S. soybean consumption was 62 million 905,000 tons in the 2021-2022 cycle, an increase of 3.1% over the immediately preceding cycle. Looking further back, this
The Mexican maquiladora (in-bond) industry is made up of entities that import raw materials and components duty-free and, in turn, export their finished products, with
China, Japan and Mexico were the largest corn importers in the world during 2022, according to data from the World Trade Organization (WTO). While corn
Mexico‘s auto parts production for the export market broke a record in 2022, but production for the domestic market is still below its all-time high.
The commodity rally that began in 2021 and continued through the first half of 2022 subsided in the second half of 2022 and into 2023.
S&P Global Mobility expects global automotive production to increase 5% in 2023 compared to 2022. Production remains below recent historical levels. According to Lear Corporation,