The super peso has influenced the growth of capital goods imports into Mexico after the Covid-19 pandemic. Among all currency quotes against the dollar, the Mexican peso is one of the currencies that has appreciated the most. On December 29, 2023, the exchange rate closed at 16.9190 pesos
The competitiveness of Mexico‘s manufacturing sector has been reflected in the growth of Mexican automotive exports. After falling at a year-on-year rate of 16.8% in 2020, affected by the Covid-19 pandemic, the automotive industry’s external sales from Mexico rose three years in a row at double-digit rates. What
Convertidora Industrial (Conver) recorded a 15.2% year-on-year drop in its sales of metallized balloons in 2023, to P975 million. What are the characteristics of metallized balloons? They are usually made of aluminum foil, with a shiny appearance and retain air or helium better compared to regular latex balloons.
The export history of Grupo Herdez dates back to the 1970s, when the company first established a strategy for its sales outside Mexico. Since then, the company has been conquering new foreign markets, reaching exports of 2,708 million pesos in 2023. What products does the company export? Canned
Becle, also known as Jose Cuervo, is the largest tequila producer in the world, according to IWSR. Formerly known as Grupo JB, the name Becle is a combination of the words drink and grow. In 2022, its brands accounted for 29.8% and 23.5% of global tequila volume and
Malt imports to Mexico grew 7.6% between 2022 and 2023, to US$452 million, according to data from the Ministry of Agriculture. Unlike malt used in the manufacture of conventional beer, which is fermented to produce alcohol, the malt in malt beer is left unfermented or only partially fermented,