Imports of intermediate goods to Mexico grew 1.3% from January to May 2024 over the same period in 2023. Intermediate-use goods are used in production and go through changes or are integrated with other goods to create new products. In all of 2023, imports of intermediate goods to
Zinc production in Mexico fell 12.9% year-on-year from January to April 2024, to 112,539 tons, according to Inegi data. Zinc demand is mainly driven by demand for galvanized steel, used in construction, automotive and other industrial applications. Previously, Mexico recorded two year-on-year declines in all of 2022 and
Mexico‘s export trend has been positive in recent years, driven in part by the certainty of the USMCA. In 2023, Mexico’s foreign sales grew at a 3% year-on-year rate to US$593 billion. Who were the main markets? United States: 472 billion dollars, +4 percent. Canada: $18.9 billion, -11
The Mexican Ministry of Finance and Public Credit (SHCP) released results on the Bill of Lading Complement. This document is to comply with the obligation to issue invoices for taxpayers’ commercial transactions. Specifically, it refers to the transportation of goods within the country. This includes transportation by truck,
Among the new copper projects in Mexico, Grupo Mexico is advancing in Buenavista Zinc and El Pilar. Copper is an important component in the global infrastructure chain. It is the third most used metal, after iron and aluminum. The Buenavista Zinc project is located within the Buenavista del
In addition to China’s 21 Free Trade Agreements, the country is negotiating other FTAs. The World Trade Organization (WTO) reported that, according to Chinese authorities, China is holding discussions with a view to signing or updating FTAs with Belarus, Honduras, the Gulf Cooperation Council, Iceland, Israel, the Republic