Mexico’s capital goods imports
Mexican imports of capital goods grew 7.06% quarterly in March, accumulating 11 consecutive quarters of growth at a quarterly rate, referred Banco Base. Although there is a significant lag in gross fixed investment of 7.06% with respect to its historical maximum, the lag in imported machinery and equipment investment with respect to the maximum is […]
Mexico’s exports grow 6.8% in the first quarter of 2023
Mexico‘s exports registered an inter-annual growth of 6.8% in the first quarter of 2023, to 141,082.3 million dollars, reported Inegi. Conversely, Mexican imports were 145,883.1 million dollars, an advance of 6.5%, annually. Thus, Mexico reported a deficit of 4,800.7 million dollars in its merchandise trade balance. As part of the context, during the fourth quarter […]
SHCP: administrative files and tax losses
In Mexico, 65 administrative proceedings were filed, the amount of which amounted to 2,480.1 million pesos, representing 251.8% of the total amount observed in 2021, according to information from the Ministry of Finance and Public Credit (SHCP). Fifty-four administrative files were submitted to the General Legal Administration (15 for smuggling, 24 for presumption of smuggling, […]
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. […]
Ecopetrol: its investment plans for 2023
In December 2022, the Board of Directors of Ecopetrol approved between 25.3 billion and 29.8 billion Colombian pesos for the 2023 investment plan (the «Investment Plan»), at US$80/Bbl Brent. The company expects to allocate approximately 66% of these investments to projects in Colombia and the remainder to the positioning and development of the Ecopetrol Group’s […]
Colombia’s balance of payments
Colombia reported real GDP growth of 7.0% in the third quarter of 2022, year-over-year, and showed the following balance of payments results. Colombia’s current account recorded deficits from 2019 to 2021, with a deficit of $14.808 billion in 2019, $9.347 billion in 2020, $17.621 billion in 2021, and $10.199 billion as of June 2022. In […]
Top 5 sectors of FDI to Mexico
Among the main sectors of Foreign Direct Investment (FDI) to Mexico from January to September 2002, manufacturing captured 36.3% of total flows. This was followed by the following sectors: transportation (14.5%), mass media (13.6%), financial services (11.6%), commerce (5.8%) and mining (4.8%). In total, in the first nine months of 2022, the country received 32,147.4 […]
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% […]
Olmeca Refinery: its investment and progress
On July 1, 2022, the completion of Phase I construction of the Olmeca Refinery in Mexico was inaugurated and, at a later stage, the testing phase of the different process plants will begin. Investments during the first construction phase total US$8,918.5 million, plus US$1,426 million in VAT, including basic engineering, studies, soil improvement, site adaptation, […]
Exports and imports of Mexico maintain dynamism
Exports and imports from Mexico maintained their dynamism in May, with growth of 22.4 and 22.1%, respectively, reported the Inegi. With this, while exports amounted to 50,005.1 million dollars, imports were 52,220.5 million dollars and the trade balance deficit totaled 2,215.3 million dollars. The global economic slowdown and disruptions in global supply chains, especially with […]