Mexico‘s furniture market totaled US$9.74 billion in 2023, up 14.5% annually. This sector is expected to grow to US$10.74 billion by 2029. The figure is based on Statista projections referred to by the Jalisco Furniture Manufacturers Association (Afamjal). The main subsectors of the furniture market in Mexico are:
The world’s largest furniture exporters in 2023 were China, Germany, Vietnam, Italy and Mexico. With a marked difference, China accounted for 40.6% of external sales of these products. This classification includes furniture; medical-surgical furniture; bedding and similar articles; certain lighting fixtures, prefabricated buildings, among other goods. Furniture exporters
Chinese customs give the best tariff treatment to Hong Kong, Macao, Chile and New Zealand, according to a World Trade Organization (WTO) report. China applies preferential tariffs under its preferential trade agreements (PTAs) and regional trade agreements (RTAs). In China‘s RTAs, the percentage of duty-free tariff lines varies.
Technological sovereignty in Germany is part of a strategy to reduce risks arising from economic dependencies, KfW said. KfW is a German development bank that plays a key role in financing economic and social projects in Germany and around the world. The German federal government, together with other
The Mining Chamber of Mexico (Camimex) highlighted five new gold mines in Mexico to start operations in 2024. The first of these projects is Tahuehueto, owned by Luca Mining, and located in the state of Durango. Tahuehueto will require an investment of 46.8 million dollars, with a useful
Demand for ethically sourced natural diamonds worldwide is expected to grow, especially in rapidly developing Asian economies, according to Anglo American. Buying ethically sourced natural diamonds means making sure they are not linked to labor exploitation, conflict or environmental damage. Anglo American is the parent company of De