The expansion of Tiendas 3B and OXXO represent success stories, with a favorable outlook. For BBB Foods, owner of Tiendas 3B, Mexico presents a significant opportunity due to the low penetration of hard discounting in the country. BBB Foods believes there is potential to open at least 12,000
Mexico‘s tourism industry is consolidating as one of its key economic drivers, attracting visitors from all over the world to its resorts and colonial cities. In 2023, the country received close to 42.15 million international tourists, marking a 10% increase over the previous year. Mexico’s Tourism Industry According
French credit insurer Coface released its outlook for Mexico‘s agri-food sector on Wednesday. From January to April, exports of agri-food products grew at a year-on-year rate of 9%, to 19.2 billion dollars. Simon Lacoume, an economist specializing in the agri-food sector at Coface, based in Paris, pointed out
The U.S. share of world imports grew from 13.3% in 2022 to 13.5% in 2023. Among all importing countries, the U.S. economy ranked first in 2023, with $3.2 trillion, according to Commerce Department data. The data only includes trade in goods, not services. Here’s what the U.S. share
Since the beginning of 2024, Canada has been offering import clearance services through e-Customs in 100 offices. This Canada Border Services Agency (CBSA) service is provided at all major ports of entry in Canada. CBSA offices at major ports offer an e-mail address and digital stamping service that
Consumption of alcohol products has been driven by e-commerce in the home, according to LQR House Inc. This trend increased since the Covid-19 pandemic. Progressively, e-commerce allows consumers to access wine, rum, tequila, beer, whiskey, vodka, gin, sake or brandy at home. Because of this change, people who