The top five destinations for international sales of industrial robots in 2023 were China, the United States, Germany, Italy and Mexico. Robots have been used in industrial and manufacturing automation for many decades. These industrial robots are typically large, stationary robotic arms designed for repetitive tasks in controlled
Pemex’s internationalization has been strengthened since the United States, Pemex’s main partner, reduced its light oil imports. As of December 31, 2023, P.M.I. Comercio Internacional, S.A. de C.V., the company that handles crude oil imports and exports for Pemex, had 19 clients in seven countries. In 2023, 69.6%
Auto imports to Mexico grew at double-digit rates over the last three years, according to data from the Ministry of Economy. On a global scale, Mexico ranked twelfth among the largest importers of automobiles in 2023. Its share of total global auto imports rose from 1% in 2020
South Korea‘s exports (goods and services) accounted for 41.5% of that nation’s Gross Domestic Product (GDP) in 2023. In that year, these overseas sales were 997 trillion won, a year-on-year decline of 5.3%, at chained 2020 prices, according to data from The Bank of Korea. Here’s how South
The International Monetary Fund’s (IMF) economic outlook for Brazil for 2024 and 2025 considers growth of 2.1% and 2.4%, respectively. On August 11, 2023, President Luiz Inácio Lula da Silva presented the new growth acceleration program, known as PAC. This program promises to invest R$ 1.7 trillion in
The United States has significantly increased export controls for national security and foreign policy objectives. It also does so to prevent arms proliferation. These controls are based on regulations that restrict the export of certain products, services and technology. According to Onto Innovation, in recent years, the U.S.