Mexico‘s Federal Economic Competition Commission (Cofece) initiated an investigation to identify and, if applicable, determine the probable existence of barriers to competition and free concurrence, as well as possible essential inputs in the public railroad freight transportation market and its related services and rights. Created in 2013, Cofece
The U.S. Department of Agriculture (USDA) outlined some of the key advantages for U.S. exporters in Mexico, as well as their challenges. Among the first is that the U.S. and Mexican economies are highly integrated and Mexicans are familiar with U.S. trade practices and products. During 2022-2023 the
Auto parts production in Mexico will break a record in 2023, according to statistics and projections from the National Auto Parts Industry (INA). With updated data as of last October, INA predicts that auto parts production in Mexico will grow 17.1% in 2023, to 121.716 billion dollars. Within
The production of light vehicles in Mexico increased 14.2% at a year-over-year rate in 2023, reaching 3 million 779,234 units, Inegi informed this Tuesday. By production volume, General Motors led the ranking with 722,631 units, followed by Nissan (615,751 units), Stellantis (467,542 units) and Ford Motor (365,365 units).
Mexico‘s fixed investment in annualized terms totaled 6 trillion 427.3 billion pesos at the close of the third quarter of 2023, according to Inegi data. This amount corresponds to constant pesos with purchasing power as of December 31, 2018 and grew at a year-on-year rate of 25.3 percent.
Mexico displaced China as the leading exporter of goods to the United States in 2023. Since 2007, China has been the leading supplier of goods to the U.S. market, surpassing Canada in that year. From January to November 2023, the top positions among the largest goods suppliers were