Mexico doubled its foreign purchases of gasoline and butane and propane gas, as a whole, in June 2022, Inegi reported on Wednesday. Overall, imports of consumer goods were 7,978 million dollars, a figure that translated into an annual increase of 49 percent. This rate was the result of
Mexico‘s imports and exports of products grew at double-digit year-on-year rates in the first half of 2022, according to Inegi. On the one hand, exports totaled 280.771 billion dollars, an advance of 18.8%, year over year. On the other hand, imports totaled 293,715 million dollars, which reflected a
The automotive industry plays a huge role in the U.S. and North American economies, highlights the White House Trade Representation (USTR) in a report. In the United States, the automotive industry contributed more than $700 billion to the U.S. economy in 2021 and accounted for more than one-tenth
Of the approximately 2.1 billion tons of goods imported to and exported from the United States in 2020, 70% passed through U.S. seaports. Overall, U.S. ports, airports, border crossings and intermodal corridors facilitate much of international trade. So a significant portion of these goods arrive and depart U.S.
Based on estimated confidence intervals, global merchandise trade growth in 2022 could be as low as 0.5% or as high as 5.5%, but could also fall outside this range if underlying macroeconomic conditions change greatly. These are the latest World Trade Organization (WTO) forecasts for merchandise trade. From
The Port of Rotterdam has one of the best practices in the digitization of ports in the world and runs a Digital Twin project. In that port, a knowledge base has been created within the community’s human capital to test, develop and implement a broad technology ecosystem, ranging