The World Trade Organization (WTO) projected the evolution of trade policies in the world in a report released Thursday. While the volume of merchandise trade grew 2.9% in 2024, the volume of commercial services trade rose 6.8%, at year-on-year rates. International trade faces profound change. Geopolitical tensions escalate.
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Capital goods imported by Mexico fell in the first five months of 2025, after growing for four consecutive years. According to Inegi data, Mexico imported these products for a customs value of 22.922 billion dollars from January to May of this year. This implies a year-on-year decrease of
Chile and Norway were the two largest exporters of salmon in the world in 2024. Both nations accounted for 55.6% of world exports of salmon fillets. Globally, external sales of Pacific, Atlantic and Danube salmon fillets totaled $10.973 billion in 2024, according to WTO data. They include fresh,
The production of transportation equipment contributed 33% of the value added of IMMEX companies in Mexico during 2024. The IMMEX industry is based on an agile import-export model. These companies bring in inputs and components without paying tariffs. They then export the finished products. Tariffs are only applied
Higher regional content reduced imports of essential parts from non-USMCA countries, according to a USITC analysis. Lower foreign purchases of these products from the USMCA region were due to tighter rules of origin. Essential parts account for approximately 40% of vehicle cost and include engines, transmissions, body and