Mexico closes first quarter because the US’s principal buying and selling companion

Mexico Metropolis. Mexico concluded the primary quarter of 2024 as the principle buying and selling companion of america – measured by the worth of exports and imports – by registering an alternate of merchandise that amounted to 272.5 billion {dollars}, equal to 16 % of whole commerce. of the principle world economic system, official information reveal.

Based on figures from the Census Bureau of america Division of Commerce, on the finish of the primary 4 months of the 12 months, the second buying and selling companion of america is Canada with 252 billion {dollars}, equal to 14.8 % of the entire; whereas in third place was China with 177.6 billion {dollars}, equal to 10.4 %.

Within the first quarter of 2024, exports from Mexico to the US amounted to 162,915 million {dollars}, which represented a rise of 6 % in comparison with 153,568 million {dollars} in the identical interval of 2023; In the meantime, imports went from 105,900 million to 109,564 million {dollars}, a rise of three %.

Relating to US world commerce, in April its exports confirmed a month-to-month improve of 0.79 % or 2,059 million {dollars}, after they fell 1.73 % in March. Internally, exports of products grew 1.32 % month-to-month, whereas exports of providers fell 0.21 %, breaking a streak of eight consecutive months of progress. At an annual charge, whole exports present a progress of 5.1 %.

For his or her half, imports elevated at a month-to-month charge of two.43 % or 8.37 million {dollars} after struggling a drop of 1.50 % in March. Domestically, imports of products confirmed a progress of three.07 %, the very best since March 2022. However, imports of providers fell 0.11 % month-to-month, linking two consecutive months of contractions, one thing that had not occurred since March 2022. final 12 months. At an annual charge, imports present a rise of 4.48 %.