Fresnillo plc is conducting international mining exploration in Peru and Chile with significant progress and plans to continue in 2024. With this, the company is searching for and evaluating copper and gold deposits in countries outside its main base of operations in Mexico. On the one hand, the
In 2023, 32.4% of the value added by Mexico’s maquiladora industry corresponded to the production of transportation equipment, according to preliminary data from the Mexican government. To note: Mexico’s maquiladora industry is comprised of entities that import raw materials and components duty-free and, in turn, export their finished
The United Nations Conference on Trade and Development (UNCTAD) noted that the trend in general industrial policy in the world has led to a greater concentration of the supply of essential inputs and raw materials. From this organization’s perspective, industrial policy is likely to increase the concentration of
The Mexican Business Council for Foreign Trade, Investment and Technology (Comce) released its projected exports and FDI for Mexico in 2024. Comce estimates a 3% increase in exports and an 8% increase in FDI at annual rates. Considering its forecast, the trend of Mexican exports of products would
China will relaunch a program to increase grain production by 50 million tons, according to information from the Chinese government. Beijing initiated a program in 2009 to increase the grain harvest by the same amount and achieved it in 2012, when total production was almost 590 million tons.
The Department of Commerce highlighted exports of advanced materials from the United States to Mexico as business opportunities. In 2023, Mexican imports of these products from around the world totaled $31.113 billion dollars, a 5.5% year-over-year decline. Conversely, exports from Mexico of advanced materials were $11.739 billion, an