Mexico selected 10 of the main objectives of its trade policy, according to a report by the World Trade Organization (WTO). Through the Sectoral Program for the Economy 2020-2024, Mexico is committed to developing and implementing comprehensive policies for innovation, diversification and productive and commercial inclusion; stimulating domestic
The flow of remittances to Mexico is shaping up to break a record in 2022, in accordance with the trend shown from January to September. Already in the first nine months of this year, remittances totaled US$42.978 billion, the highest level for a similar period. Previously, Mexico obtained
World inflation continued to be high, remaining at levels not seen in decades in some of the main economies, according to Banco de México (Banxico). This has continued to reflect price pressures in a wide range of items, derived from the ongoing imbalance between the recovery of demand
Imports of transportation services to Mexico broke a record in the third quarter of 2022, at US$6,645.3 million. International transportation can be provided by companies established in Mexico, even if they are foreign-owned (majority). International transportation is also governed by international agreements signed by Mexico. Mexico has agreements
Oil imports to Mexico totaled 5,310.2 million dollars in October 2022, which reflects a growth of 13.5% inter-annual, informed inegi. At the same time that the main market for Mexican hydrocarbons is almost exclusively the United States, the main oil derivatives that Mexico imports are gasoline, diesel and
While Mexico‘s current account in the third quarter of 2022 showed a deficit of 5.505 billion dollars, the capital account was in deficit by 53 million dollars, informed Banxico. The current account deficit was the result of credits for 179.405 billion dollars and debits for 184.910 billion dollars.