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CAINTRA calls to consolidate Mexico as the main trading partner of the United States
March 6, 2024
- In 2023, Mexico consolidated its position as the main supplier to the United States.
- However, CAINTRA points out that Mexico's exports had a challenging start in 2024. in 2024, which is why the country's external sector needs to be boosted further.
Nuevo Leon's industrialists celebrate the fact that Mexico has consolidated its position as the main supplier to the United States in 2023. the United States by 2023; however, there was a challenging start for this year in the country's foreign trade. foreign trade of the country. Therefore, through this press release, they urge to give a greater impulse to the country's foreign trade to continue to give greater impetus to the country's foreign trade in order to continue being at the forefront of imports from the neighboring country, while at the same time imports from our neighboring country, while at the same time providing a boost to the national economy.
According to U.S. Census Bureau figures, Mexico will consolidate its position as the main supplier to the neighboring country in 2023, with a total of US$438 billion in imports. country in 2023, with a total of US$438 billion in imports from Mexico, equivalent to 15.5% of its total imports. from Mexico, equivalent to 15.5% of its total imports. This displaced China and Canada, which each accounted for 14% of imports.
In addition, while total U.S. imports declined by -4,84%, imports from Mexico increased by 4,55% in all of 2023, with Mexico being one of the largest importers. imports from Mexico increased by 4,55% in all of 2023, with Mexico being one of the few trading partners with which its trade increased. one of the few trading partners with which its trade increased.
However, at the beginning of this year, Mexico's foreign trade began with a challenging start. Figures from INEGI reveal an annual drop of -4.61% in exports in January 2024, which contrasts with the 22.2% growth in the same month last year. 22.2% growth in the same month last year.
CAINTRA therefore calls on the authorities to give greater impetus to foreign trade through measures that will improve the country's customs through measures to improve the country's customs. We need to make customs logistics even more efficient through technology and infrastructure, as well as the simplification of foreign trade procedures for the export of goods. We need to make customs logistics even more efficient through technology and infrastructure, in addition to simplifying foreign trade procedures for the export of Mexican goods and products.
Similarly, there is a need for greater vigilance and security on highways throughout the country, so that goods can arrive safely at borders and shipping points. The same way, there is a need for greater surveillance and security on highways throughout the country, so that goods can arrive without inconvenience at borders and shipping points, and shipping points, as well as reducing the costs incurred by companies.
This would not only help Mexican companies increase their merchandise exports, but also make us a more competitive country that attracts more investment. exports, we would also become a more competitive country that attracts more investment.
The country's foreign trade is an important driver of the Mexican economy. If we give it greater impetus, we will If we give it a greater boost, we will be favoring the economic and social development of the country as a whole.
CAINTRA NUEVO LEÓN