Mexico's product exports grew at a year-on-year rate of 14.7% in July, to 54,788.6 million dollars, driven by manufacturing, Inegi reported on Tuesday.Imports amounted to US$54,860.5 million, an increase of 13.3%, leaving the country with a deficit of US$72 million in its trade balance.Mexico has developed its manufacturing sector with the dual objective of taking advantage of lower manufacturing…
Foreign Direct Investment (FDI) arrivals to Mexico registered a 7.2% inter-annual growth, to 31.1 billion dollars in the first semester of 2024, informed the Ministry of Economy.Of this total, 30.288 billion dollars correspond to reinvestment of profits, 909 million dollars to new investments, and -101 million dollars to intercompany accounts.New investments refer to FDI flows associated with…
The economic prospects of the U.S., Canada, and Mexico for the current year point to interesting opportunities for Italian machinery manufacturers. In fact, OECD1 forecasts indicate, for 2024, GDP growth of 2.1 percent in the US, 0.9 percent in Canada and 2.5 percent in Mexico. In addition, slowing inflation, in these countries, will allow for a reduction in monetary tightening and interest rates…
According to the Ministry of Economy, in the first five months of 2024, 127 investment announcements have been made in Mexico by foreign companies, generating a total expectation of 39.157 billion dollars.Fifty-one percent of the announcements were made by companies with capital of U.S. origin; followed by Germany, with 14%, and Argentina, with 11%. Eighty-seven percent of the total amount…
From May 18-25 2024, Missouri Governor Mike Parson and First Lady Teresa Parson traveled to Italy for an international Trade Mission.According to a release from Parson, Italy is a top source of foreign direct investment and a key trade partner for Missouri, with more than $169M in exports in 2023.Consistent with Gov. Parson’s infrastructure and economic development priorities, the goal of the…
MEXICO CITY (August 7, 2013) - Above China and India, Mexico is placed as the number one country in attracting Foreign Direct Investment (FDI) in the aerospace industry, which contributes 10% of manufacturing GDP.
"It is not the automotive industry, it is the aerospace industry, we attract 1,300 million dollars (mdd) approximately every year. There were $15,000 million dollars and more $6,000…
After commenting that in the last 10 years Mexico has worked on market diversification and that as a result South America, Brazil, Argentina and Colombia represent the second most important market for the automotive sector, after the United States, the Executive President of the National Auto Parts Industry (INA), Óscar Albín Santos referred to this state, which, he said, is attractive for…
april 1, 2013
MEXICO CITY, April 1.- The Bajío has become Mexico's new manufacturing hub, thanks to a relatively better-educated workforce, improved security and good infrastructure, noted U.S. analyst firm Stratfor.
The firm's text points out that Mexico's manufacturing sector has become more sophisticated under the North American Free Trade Agreement (NAFTA), making more value-added products…
During the inauguration of Pirelli's first production plant, the head of the Ministry of Economy (SE), Bruno Ferrari García de Alba, stated that the investment made by this company ratifies that investors continue to choose Mexico as one of their main productive investment destinations.In a statement issued by said federal agency, the federal secretary informed the President of Mexico, Felipe…