More and more voices are pointing out that China uses Mexico as a gateway to the United States to evade tariffs. After Donald Trump imposed tariffs on various Chinese products starting in July 2018, the Asian giant accelerated its sales to Mexico. While from 2016 to 2017 its exports rose 6.7 percent to reach 74,150.4 […]
US-Mexico trade in January totaled US$64.5 billion
Mexico’s cross-border trade is off to a good start in 2024. The country was the United States’ top trading partner in January, with two-way commerce totaling $64.5 billion, according to the most recent data from the Census Bureau. Mexico’s trade with the U.S. rose 1.1% year over year (y/y) compared to January 2023. Canada ranked […]
FDI from China to Mexico exceeds the official record by at least 10 times
Official data from recent years report low investment from China in Mexico. Last year, foreign direct investment (FDI) from the Asian giant in our country was practically non-existent. Specialists agree that this is a consequence of a problem with the registration criteria. However, a new indicator from the Mexican government, which determines investment intentions, shows that Beijing is […]
The importance of women in Mexico’s economy
In Mexico, there are around 54 million women aged 15 or older. Of this section of the population, 24 million women are economically active, while 30 million are not, according to Inegi. In this article, I discuss the importance of women in the Mexican economy regarding International Women’s Day, which is commemorated every March 8 and […]
Price of the dollar TODAY March 8, 2024 in Mexico: Peso continues to advance after employment data in the US
Find out how much the peso is against the dollar when buying and selling in banks in Mexico, such as Banco Azteca, BBVA, Citibanamex, Banorte, among others. When operations began TODAY, March 8, the dollar was selling for up to 18.10 pesos over the counter in banks. Meanwhile, the interbank exchange rate stands at 16.81 […]
Mexico recorded the most pronounced growth in online sales in 2023
E-commerce in 2023 grew 24.6% in Mexico, the highest increase in the world. It surpassed countries such as the Philippines, Brazil, India and Japan, according to estimates from the AMVO. Mexico ranked as the country with the highest growth in retail e-commerce in the world, according to the Online Sales Study of the AMVO (Mexican […]
Mexico and its good economic health: more than a perception, a global reality
The good moment of the Mexican economy is reflected in the world, from China to Marrakech. Three stamps confirm it. For the first time in 20 years, Mexico displaced China as the main seller of goods to the United States, there is presence of Mexican tourism in the most exclusive areas and long-term appreciation with […]
Mexico, U.S., and Canada Agriculture Ministers will meet in March
U.S. Agriculture Secretary Tom Vilsack said on Friday, March 1st, that he will meet later this month with the agriculture ministers of Canada and Mexico. The meeting will likely take place in Colorado, Vilsack said at the Commodity Classic in Houston. The U.S. and Mexico are in the midst of a trade dispute over a […]
Foreigners liquidated positions in Mexico for 11,273 million dollars in 2023
Non-resident investors completed four consecutive years liquidating their positions in Mexico Experts point out that the trend that non-resident investors have maintained to undo their positions in Mexico is a focus of risk. Mexico recorded a disinvestment of 11,273 million dollars during 2023, according to information from the Bank of Mexico. This means that non-resident […]
Which is the cheapest city to live in Mexico?
Its cost of living is 21% cheaper than in CDMX, according to specialized housing portals Mexico City was for many years the promised land, thanks to its great offer of transport networks, sources of employment, schools and endless tourist destinations for all tastes. However, the country’s capital is already overpopulated and without housing, there are […]