Costa Rica doubled its pet food (dog and cat) imports in the last five years. These foreign purchases rose from US$37.4 million in 2018 to US$80 million in 2023. The cumulative increase in that five-year period was 114%, according to data from Procomer and the Central Bank of
The Ministry of Finance and Public Credit (SHCP) projects that Mexico‘s import revenue will increase at a year-on-year rate of 8% in 2025 in real terms. In 2023, this collection was 100.71 billion pesos, which implies a growth of 1.9% at an annual rate and also in real
Small and medium-sized enterprises (SMEs) have opportunities in e-commerce marketplaces, especially to boost their exports. Companies such as Alibaba Group, Amazon, eBay, Shopify, Mercado Libre, Jumia, Walmart and JD.com make it easy for SMEs to run an online store. E-commerce marketplaces are characterized by: Advances in the use
Global Affairs Canada described several of the challenges facing Mexico‘s mining industry in terms of taxes, safety and regulations. The value of Mexico’s mining and metallurgical production was 261 billion pesos. This amount fell 17.6% year-on-year, according to Camimex data. In U.S. dollar terms, the same value was
The Indian government highlighted 27 Indian companies in Mexico, whose investments give them access to sell products and services in the Americas. Overall, Indian companies consider Mexico as an important investment destination with access to the USMCA region and Latin America. With dynamic growth leading its local economy,
China dominates in terms of the number of Artificial Intelligence patents registered in the world, according to statistics from the World Trade Organization (WTO). The global artificial intelligence market has shown significant growth. In 2022, it was valued at $428 billion. Moreover, it is projected to reach $2.25