Imports of industrial robots to Mexico were US$134 million in 2021, a year-on-year rise of 15%, according to data from the Bank of Mexico (Banxico). This statistic excludes software, auxiliary equipment and engineering services. Of Mexico’s total imports of industrial robots, 41.1% originated in Japan, followed by South
Chihuahua led Mexico‘s product exports in the second quarter of 2022, with 18.645 billion dollars, informed Inegi this Friday. At a year-on-year rate, this amount increased 22.7%, and thus its share in total Mexican international sales was 13.9%. In all 2021, Chihuahua’s exports totaled 64,674 million dollars, highlighting
The Phase One Trade Agreement between China and the United States was not fully implemented by China, which evaded a question about the unfinished progress of its commitments. Overall, the agreement sought to address the U.S. trade deficit with China with a two-year purchase agreement. China agreed to
The Board of Governors of Banco de México (Banxico) unanimously voted to increase the benchmark interest rate by 75 basis points, bringing it from 8.50 to 9.25 percent. From Intercam Banco’s perspective, the move was widely anticipated by the market after the Federal Reserve (FED) confirmed that it
Mexico‘s Inegi released for the first time the results obtained from the International Trade in Services Survey (ECIS) 2021. The thematic coverage covers manufacturing services in physical inputs owned by others, maintenance and repair services, transportation, charges for the use of intellectual property, telecommunications, computer and information services,
The United States had a surplus with Mexico in services trade of $2.7 billion in 2021, down from $6.3 billion in 2020, according to data from the Department of Commerce (USDOC). While U.S. services exports to Mexico increased from $23.5 billion in 2020 to $30.5 billion in 2021,