U.S. industrial production showed a slight decline in the first quarter of 2023, falling 0.1% at a seasonally adjusted quarterly rate after contracting 0.6% during the fourth quarter of 2022. What explains the decline? Above all, the deterioration in electricity and gas generation, derived from the lower demand
The Bank of Canada expects Canadian exports to be affected by lower demand for products in the U.S. market. In part, this will be a consequence of U.S. growth expected to slow sharply in the second quarter of 2023 and stagnate until the first quarter of 2024. Weak
Mexico displaced Spain from the top position among the world’s largest exporters of strawberries, according to data from the World Trade Organization (WTO). While Mexican exports of fresh strawberries increased at a year-on-year rate of 11% in 2022, to US$833 million, the corresponding exports from Spain fell 14%,
U.S.-based Calavo Growers uses ultra-high pressure technology equipment in all its guacamole products, much of which is produced in Mexico for export to the United States. This technology is designed to protect and safeguard the food, without the need for preservatives. The process used by the company substantially
The annual market for concrete reinforcement in the United States is estimated to be about $9.4 billion, according to the consultancy Grandview Research. This market is well established and resistant to change. Concrete is a material that results from mixing water, sand, gravel and cement or lime, and
Japan recorded a trade deficit of 19,966 billion yen in 2022, due to increased imports of oil and coal, partially offset by increased exports of automobiles and mineral fuels, according to the Ministry of Finance. However, potential disruptions to international trade from the Russia–Ukraine conflict on exports, imports