Mexican imports, in January-August 2018, reached 255.334 billion euros, a growth of 3.46 percent, compared to the same period in 2017.
The top ten exporting countries to Mexico during the period were: United States (€118.7 billion), China (€45.1 billion), Germany (€10.2 billion), Japan (€10.1 billion), South Korea (€8.8 billion), Canada (€5.9 billion), Malaysia (€4.9 billion) Taiwan (€4.4 billion), Italy (€3.7 billion), and Brazil (€3.5 billion).
Italy ranks as Mexico's ninth largest supplier overall and as the second most important European partner after Germany and ahead of Spain, France, the Netherlands, and Great Britain.
As for machinery imports (15 Machines Italy sectors) to Mexico from the world, again in the January-August 2018 period, increases are reported only for woodworking machinery (+13.78 percent) and ceramic processing (+3.74 percent). On the other hand, all other sectors are down (-2.84%). It is possible to trace the growth of the two above-mentioned compartments to the positive performance of the Mexican furniture and construction industry.
The negative trend also affected Italian machinery exports to Mexico. Excluded from the decline were only a few sectors: textile machinery (+78.69%), food machinery (+13.04%), woodworking machinery (+53%), glass processing machinery (+45.69%), printing and papermaking machinery (+27.56%), textile machinery (+78.69%), and agricultural machinery (+3.48%).
2018 is likely to close with a general decline in machinery imports affecting all major supplier countries, including Italy.
For 2019, thanks to the pre-announced renewal of government investment support measures, demand for capital goods and purchases of machinery and advanced equipment by Mexican manufacturing companies is expected to increase.
The top ten exporting countries to Mexico during the period were: United States (€118.7 billion), China (€45.1 billion), Germany (€10.2 billion), Japan (€10.1 billion), South Korea (€8.8 billion), Canada (€5.9 billion), Malaysia (€4.9 billion) Taiwan (€4.4 billion), Italy (€3.7 billion), and Brazil (€3.5 billion).
Italy ranks as Mexico's ninth largest supplier overall and as the second most important European partner after Germany and ahead of Spain, France, the Netherlands, and Great Britain.
As for machinery imports (15 Machines Italy sectors) to Mexico from the world, again in the January-August 2018 period, increases are reported only for woodworking machinery (+13.78 percent) and ceramic processing (+3.74 percent). On the other hand, all other sectors are down (-2.84%). It is possible to trace the growth of the two above-mentioned compartments to the positive performance of the Mexican furniture and construction industry.
The negative trend also affected Italian machinery exports to Mexico. Excluded from the decline were only a few sectors: textile machinery (+78.69%), food machinery (+13.04%), woodworking machinery (+53%), glass processing machinery (+45.69%), printing and papermaking machinery (+27.56%), textile machinery (+78.69%), and agricultural machinery (+3.48%).
2018 is likely to close with a general decline in machinery imports affecting all major supplier countries, including Italy.
For 2019, thanks to the pre-announced renewal of government investment support measures, demand for capital goods and purchases of machinery and advanced equipment by Mexican manufacturing companies is expected to increase.