Record of Mexican exports to the US in March 2022
America Economia | May 04, 2022 |

Exports of products from Mexico to the United States totaled US$40.45 billion in March, which represented an increase of 21.1% year-on-year, exceeding the limit of US$40 billion for the first time, reported the Census Bureau.

The highest peak had been in November 2021, with US$ 34,622 million and the record reached in March 2022 corresponds to the highest prices reached in oil, steel, food and automotive products.

Despite this, Mexico moved from the first position as a trading partner of the United States, which it reached in February 2022, to the second position last March, surpassed by Canada.

Check here: Best first quarter in 4 years registers Mexican economy

Mexico also reached a historical maximum as a destination for exports of goods from the United States in March, with purchases for US$28,532 million, when previously, the highest figure was recorded in October 2018, with US$24,753 million.

The US economy would grow 3.7% in 2022, according to the latest projections from the International Monetary Fund (IMF), but this forecast had already been adjusted downwards largely due to the non-approval of the Build Back fiscal policy package. Better and ongoing supply chain disruptions.

The further reduction of the forecast of 0.3 percentage point for 2022 last April reflects a faster withdrawal of monetary support than in the previous projection, as policy tightens to control inflation, and the impact of lower growth in trading partners due to to interruptions resulting from the war between Russia and Ukraine.

Total imports of products to the United States grew at an interannual rate of 25.1% in March, to US$ 296,961 million; while its external sales were US$ 179,455 million, a growth of 18.3% over March 2021.

Of interest: Nissin Foods expands its plant in the State of Mexico

As for Canada, its exports to the US market increased 35.8%, to US$40.451 million, and its imports from the United States amounted to US$32.417 million, an increase of 15.8%.

For its part, China, which maintains a trade war with the United States, registered exports to that country for US$42.26 billion in March, an annual growth of 5%, and, in the opposite direction, imports for US$11.594 billion, a fall of 7.6% year-on-year.

With these results, Canada reached a share of 15.3% in the total imports and exports of goods from the United States, followed by Mexico and China with 14.5% and 12.8%, respectively.

In Solili you can consult industrial warehouses available in Monterrey and Guadalajara

Original note

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter

  
Advertisinginfo