Mexico‘s oil exports fell at a year-on-year rate of 14.8% in 2023, to $3.29 billion, according to data from the Bank of Mexico. Dominated by Pemex, a state-owned production company, Mexico’s oil exports include crude oil and petroleum products. Pemex is Mexico’s largest company by revenue and ranked
Mexican manufacturing exports grew 4% in 2023 over 2022, totaling 538.838 billion dollars, according to data from the Bank of Mexico. What does the manufacturing sector comprise? Establishments dedicated to the mechanical, physical or chemical transformation of materials, substances or components into new products. After falling from $411
The increase in the average container spot freight rate during the last week of December, by more than $500 in one week, was the largest weekly increase ever recorded, UNCTAD reported. Container spot rates refer to the spot market contracting of containerized cargo transportation services. Average container shipping
During 2023, Mexico‘s product trade balance showed a deficit of US$5.464 billion, which compares with a deficit of US$26.879 billion observed in 2022. The trade balance is an economic term that refers to the difference between the value of a country’s exports and imports of goods and services
The United Nations Conference on Trade and Development (UNCTAD) expressed its «deep concern» over recent disruptions in maritime transport. In particular, increasing disruptions to world trade have been caused by geopolitical tensions affecting shipping in the Black Sea, attacks on shipping in the Red Sea affecting the Suez
Imports to Mexico fell at a year-on-year rate of 1.0% in 2023, to US$598.475 billion. While Mexican purchases of petroleum products fell 30.2% to $51.755 billion dollars, those of non-petroleum products rose 3.1% to $546.721 billion dollars. Mexico is the fourteenth largest economy in the world, the second