Mexico‘s government plans to promote export diversification in the United States by 2025. This objective is set forth in the 2025 economic package that the Ministry of Finance and Public Credit (SHCP) sent to Congress this Friday. The economic package is made up of three documents: General Economic
Growth of the global economy accelerated marginally in the second quarter of 2024, according to data from Oxford Economics. After growing 2.7% in the first quarter, global gross domestic product (GDP) increased 2.8% in the second quarter of 2024. While advanced economies grew 2.0%, compared to 1.3% in
In electrical equipment exports to the United States, competition is mostly between Mexico and the United States, but with Vietnam having the greatest dynamism. From January to September 2024, China‘s exports were US$39.328 billion and Mexico’s totaled US$35.244 billion. In both cases, year-on-year growth was at single-digit rates.
Canada is the world’s largest potash producer, with 21.9 million tons in 2023. This amount implies a 7% decrease at a year-on-year rate, according to Statistics Canada. What is potash? It is a broad term that can include various potassium compounds, such as potassium carbonate, potassium chloride and
Automotive exports from the United States to Mexico and Canada were $84.002 billion dollars from January to September 2024, according to data from the Department of Commerce. This amount represents a 9.7% increase compared to the same period in 2019, the year prior to the entry into force
Mexico led exports of medical devices to the United States from January to September 2024, with shipments of 8,685 million dollars, according to data from the Department of Commerce. Since 2022, Mexico displaced China from the first position among the main exporters of these products to the U.S.