Mexico’s GDP expands 1% in 1Q22
With revised figures, Mexico‘s GDP expanded 1% in the first quarter of 2022, compared to the previous quarter, reported the Inegi. According to Intercam Banco, the data confirms an acceleration of the Mexican economy at the beginning of 2022, which, however, could be short-lived. At an annual rate, growth stood at 1.8%, slightly above the […]
Mexican exports rise 16% in April
Mexico‘s exports registered a year-on-year growth of 16% in April, to 47,479.5 million dollars, reported the Inegi. Conversely, its imports rose 25.7%, to 49,363.5 million dollars. Consequently, the country’s trade balance had a deficit of 1,884.1 million dollars. Global economic activity remained resilient in early 2022, with survey data indicating that the Omicron variant of […]
Imports and exports from Mexico grow in double digits
Imports and exports of goods from Mexico grew at double-digit year-on-year rates in March, the Inegi reported on Wednesday. On the one hand, exports had an advance of 20.9% and reached 52,000.4 million dollars. On the contrary, imports from Mexico were 51,801.7 million dollars, which represented a growth of 12.7 percent. Thus, Mexico obtained a […]
Automotive Industry Boosts Mexico’s Exports
The automotive industry boosted Mexico‘s exports in February, with a favorable balance in the trade balance of 1,293 million dollars. In particular, according to Inegi, external sales of the automotive industry registered a year-on-year growth of 31.8%, to 14,251.9 million dollars. While Mexico’s total exports were 46,246 million dollars in February, its imports totaled 44,953.1 […]
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 […]
Exports from Mexico to the United States rise 18% in 2021
Exports from Mexico to the United States grew at a year-on-year rate of 18.3% in 2021, to 384,705.5 million dollars. On the one hand, this result was the first for a full year of the Treaty between Mexico, the United States and Canada (USMCA), which began operating on July 1, 2020. At the same time, […]
Chilean exports rise 28.9% in 2021
Chile‘s exports reached a year-on-year growth of 28.9% in 2021, to 94,705 million dollars, reported the Central Bank of Chile. As for imports, they climbed 52.1%, at an annual rate, to reach 83,806 million dollars. Therefore, Chile registered a surplus of 10,899 million dollars in its trade balance, a lower amount compared to the positive […]
Japan’s exports grow 21.5% in 2021
Japan‘s exports grew at a year-on-year rate of 21.5% in 2021, to 83 trillion 093.089 million yen, the Ministry of Finance reported. Data is preliminary and not seasonally adjusted. On the contrary, Japanese imports were 84 billion 565.244 million yen, an advance of 24.3%, at an annual rate. Consequently, Japan recorded a deficit of 1 […]
The added value of the US in the USMCA
An analysis released by ECLAC highlighted the added value in exports of products from the United States within the framework of the Agreement between Mexico, the United States and Canada (USMCA). To begin with, Mexico is the country in the region with the lowest share of domestic value added incorporated in exports, 64.5% (on average […]
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 […]