íëìó C o m m e r c i a l 7 Mexico Citgy · Durango, State of Mexico, Aguascalientes, Mexico City, Coahuila, Chihuahua, Nuevo Leon, Jalisco and Baja California Sur. The fall in

Commercial Report

A report on the various commercial events that have taken place in the month of May 2018 in

Mexico and Belize and have relevance for India. For more information, please write to

Mr. Ashwani Kumar, Commercial Representative, Embassy of India, Mexico City at

[email protected].

2018

Embassy of India Mexico City

MAY

INDIA - LAC Relations

Shri Sudarshan Bhagat, Minister of State in Govt. of India visited Belize

Parle Manufacturing Plant in Mexico

1

CONTENTS

SL

NO

SUBJECT PAGE NO

1 Executive Summary 2

2 The Economy 2

3 Trade, Investment and Infrastructure 3

4 Agriculture 4

5 The Energy Sector 5

6 The Automotive Sector 6

7 Bilateral Events and News- Mexico and other countries 6

8 Multilateral Events and News involving Mexico 7

9 Commercial News from Belize 8

10 Appendix – Statistics (Belize´s perspective)

i Bilateral Trade (Belize-India) in January - April 2018 compared to January - April 2017 (Figures in Thousand USD) ii.Belize Import Statistics from India

iii.Belize Export Statistics to India

10

11 Appendix – Statistics (Mexico´s perspective)

i.Bilateral Trade in January – March 2018 compared to January - March

2017 (Figures in Million USD)

ii.Mexico Import Statistics from India

iii.Mexico Export Statistics to India

iv.Mexico Import statistics from the world (product-wise)

v.Mexico Export statistics to the world (product-wise)

vi.Mexico Export statistics to the world (Country-Wise)

vii.Mexico Import statistics from the world (Country-Wise)

viii.Mexico Total trade with the world (Country-wise)

12

2

THE ECONOMY

Mexico drops to its worst position ever on

competitiveness index

Mexico placed 51st in the IMD World

Competitiveness Rankings 2018, three spots

lower than its 2017 ranking and its worst result

since the Swiss business school first included

Mexico in its ratings in 1997. Mexico needs to

improve its relationship with the United States

and other relevant economies; Continue

implementing structural reforms on education

and energy, promote higher GDP growth by

promoting internal market growth and promote

higher investment in public infrastructure and

housing. In a survey conducted as part of the

ranking process, Mexico also scored well for its

cost competitiveness and skilled work force but

was let down by poor perceptions on the

competency of government and its research and

development culture.

Unemployment rises to 3.4% during April

The unemployment rate in Mexico during April

was 3.4% of the Economically Active Population

(EAP) at the national level, higher than the rate

reported in March (3.3%). According to annual

figures, this rate was lower than the 3.5% of April

2017.

Poverty is growing in 18 entities

In 18 of the 32 entities of the country, the

proportion of the population without sufficient

resources to acquire the basic products

increased, according to the National Council for

the Evaluation of Social Development Policy. The

Council highlighted the situation of Morelos,

Tabasco and Guerrero, which registered increases

of 5.4, 4.3 and 3.4 percentage, respectively,

during the first three months of the year,

compared to the same period in 2017. Poverty

also increased in Campeche, Quintana Roo,

Yucatan, Oaxaca, Chiapas, Morelos, Michoacan,

EXECUTIVE SUMMARY

On July 1, Mexico chose new President – Andres Manuel Lopez Obrador (AMLO). The

opinion polls had almost made it clear for several weeks the unprecedented victory of AMLO. He gave a press conference in Hilton which was more balanced and mature compared to his earlier campaign speeches. He assured that his government will not be authoritarian and that policy changes will occur in adherence to the law. He declared that energy contracts with the private sector will be reviewed. If anomalies are found, the contracts will be sent to Congress for revision. He also stated he would resort to national and international tribunals in these cases. Under his government, there will not be any expropriations or asset seizures of any kind. His main argument before election was to bring down the corruption but a clear roadmap is yet to be discerned.

It will be seen in coming days how the new government would affect the business and investment climate in general and for India. The 3 sectors most important for Indian companies right now are – pharmaceuticals, information technology and auto parts. Meanwhile, Parle opened its first manufacturing plant of western hemisphere in Mexico. Production capacity is expected to reach its peak in about an year from now. The Ambassador inaugurated the plant along with the global CEO of Parle.

3

Durango, State of Mexico, Aguascalientes, Mexico

City, Coahuila, Chihuahua, Nuevo Leon, Jalisco

and Baja California Sur.

The fall in inflation pushes commerce

The downward trajectory shown by inflation in

the first months of this year led to a monthly

increase of 1.61% in sales reported by the

country's retail stores in February. The higher

rate of inflation towards the 3% target will imply

higher real wages, which will help boost private

consumption. In its annual valuation, store sales

at least grew 0.91%, based on figures adjusted for

calendar effect, while employed personnel

reflected a rise of 2.21% and compensation

recorded an advance of 0.22%.

5 financial entities and $300 million pesos

involved in cyber attack

The governor of the Bank of Mexico reported that

the cyberattack affected three banks, a brokerage

house and a popular savings bank, revealed the

governor of the Bank of Mexico (Banxico),

Alejandro Diaz de Leon. On the cyber security

strategy, he said that new contracts are being

created to improve security and information

standards for participants using the SPEI.

TRADE, INVESTMENT & INFRASTRUCTURE

Tamaulipas keeps its shine for investors despite

adversity

Tamaulipas remains an attractive place to invest

despite the adverse security situation in the state,

according to the president of the Confederation

of the National Chambers of Commerce

(Concanaco). The northern state received US

$1.32 billion in foreign direct investment last

year. USA isn’t the only country that is financing

commercial ventures in the state. Spain, Japan,

Finland, South Korea, Belgium, France and the

United Kingdom also have interests. Reynosa is

one of the most competitive cities in the country

and also one of the most attractive to both

national and foreign investors.

Greystar will inaugurate 1st building for rent

Greystar, a US company dedicated to housing for

rent, will open its first unicamene developed

building for rent in Mexico, located in

Guadalajara. $40 million dollars were invested in

a mixed-use building with more than 200 luxury

apartments that will occupy the last 12 levels of a

33 story tower in which.

Elektra will invest $4 billion pesos in renovations

and new stores

Elektra will invest around $4 billion pesos in the

renovation of stores and the opening of up to 90

new complexes in 2018. The intention is to

expand some of the stores they already have and

transform them into Omni channel business - a

format that includes kiosks to buy online, tablets

to consult product catalog, as well as other digital

tools - to improve the shopping experience.

Actis "takes" in Mexico investment $1,000 billion

The Actis investment fund raised resources for

power generation in Latin America for about $3

billion dollars, of which one billion will focus on

Mexico. They are interested in participating in the

electric auctions and sell power to CFE, so they

are already preparing their strategy.

First malting opened with an investment of 30

million pesos in Puebla

Central Altiplano invested $30 million pesos in

the first independent Mexican malting plant,

located in the Oriental municipality, Puebla. With

the support of 20 local barley producers, the

plant will have an initial production of 60 tons per

4

year to reach one thousand in two years. The

malting plant will only supply companies that

produce craft beer in Mexico.

KUO will triple with $200 million dollars pig area

The conglomerate Grupo KUO inaugurated three

specialized plants of the pork business in Yucatán

under the Kekén brand, in which it invested $ 200

million dollars with the intention of tripling the

revenues of the division by 2025. There is a great

potential of sale in Mexico of meat pork,

considering that almost half of what is consumed

in the country is imported.

AGRICULTURE

Renegotiation of NAFTA draws near Brazilian

grains

Mexico has increased its interest in importing

yellow corn, soy and rice from Brazil after the

uncertainty generated by the renegotiation of the

North American Free Trade Agreement (NAFTA).

Insecurity closes Canadian-owned mine in

Chihuahua, affecting 1,800 workers

Insecurity concerns forced the closure of a

Canadian-owned mine in Chihuahua, leaving

more than 1,800 employees without work. Apart

from making threats against Pan American Silver,

members of criminal groups have also set up

roadblocks to intimidate mine employees and

have harassed mine suppliers. The company had

decided to shut the mine as a precautionary

measure to protect its employees. State

Governor Javier Corral´s government tried to

persuade Pan American Silver that the mine’s

continued closure was not needed.

Mining investment up but still half what it was

in 2012

Almost US $4.3 billion flowed into Mexico’s mines

in 2017 whereas in the final year of former

president Felipe Calderón’s administration

investment reached just over US $8 billion, or

48.5% more than last year. Camimex (Mexican

Chamber of Mines) said that the value of mining

production rose 8.9% last year to reach US $13.66

billion, up from US $12.54 billion in 2016. Mining

contributed to 2.5% of Mexico’s gross domestic

product (GDP) last year and was the sixth largest

source of foreign exchange after the automotive

sector, electronics, remittances, petroleum and

tourism. Under federal law, mining companies

have been required since 2014 to contribute 7.5%

of their income in taxes with a further 0.5% for

extracting precious metals such as gold, silver and

platinum. The new tax was imposed in addition to

the existing company tax rate of 30%. Mexico has

a significant tax burden that makes it less

competitive compared to countries such as

Canada, Peru and Chile for investment.

Wine industry launches campaign to boost

production and consumption

Mexico’s wine industry is set to get a boost with

the launch of the campaign “Todos Unidos por el

Vino Mexicano” (Everyone United for Mexican

Wine), carried out by the Mexican Winemakers’

Council (CMV) and supported by a grant from the

federal Agriculture Secretariat (Sagarpa). Mexican

vineyards currently cover 6,474 hectares, with

72% of Mexico’s entire national wine production

concentrated in just four states (Baja California,

Coahuila, Querétaro, and Guanajuato).

Consumption in Mexico remains low compared to

many European countries as well as the United

States and Canada, where people are drinking

about 17 times more wine than Mexicans on an

annual basis. The industry aims to increase

5

annual production so that in 2022, Mexico is

producing 300,000 more liters of wine annually

and to increase the domestic market share of

Mexican wine from 29.3% to 45%. The sector is

worth $4.65 billion pesos (US $246.7 million)

annually to the Mexican economy.

Corn producers agree: cultivating drugs is more

profitable

Presidential candidate Andrés Manuel López

Obrador said if he wins election, will seek to

replace opium poppy production in the

mountains of Guerrero with corn by providing

incentives to growers. Convincing poppy

producers to give up their lucrative cash crop in

favor of the more traditional one is likely to be a

difficult task: even corn growers agree that

cultivating drugs is more profitable. Even though

opium gum prices have collapsed from more than

$20,000 pesos (US $1,020) per kilo to just $7,000

pesos (US $357) per kilo due to competition from

the synthetic opioid fentanyl, it remains much

more lucrative than corn. In Mexico’s main

distribution centers, a ton of corn sells on

average for $5,000 pesos (US $255) per ton,

meaning that producers sell the same quantity

directly to distributors or an intermediary for an

even lower price.

THE ENERGY SECTOR

Mexico strengthens its oil surplus

By the end of 2018, Mexico could have a 10.4%

surplus in oil revenues. According to specialists'

calculations, at the end of the year, oil revenues

would total 86.523 billion pesos more than

expected. The average price per barrel of

Mexican blend has been 61 dollars, higher than

the estimated in the Revenue Law ($48.5 per

barrel). If international oil prices continue to rise,

Mexico could achieve a 10.4% surplus in its crude

oil export revenues.

Five states compete for renewable energy

supremacy

Chiapas, Nuevo Leon, Chihuahua, Durango and

Tamaulipas intend to become clusters of

renewable energy generation; although they face

the lack of networks for interconnection, as well

as social, environmental and insecurity aspects,

they will seek to take advantage of the tools of

energy reform and look for investors.

ExxonMobile will open 170 gas stations, two

new distribution centers

Texas-based ExxonMobil opened 35 gas stations

since it entered the Mexican fuel market one year

ago, but plans to have 170 in operation by the

end of this year. It also plans to improve its fuel

storage and distribution system to meet steady

growth in demand. Two such facilities already

operate in the states of San Luis Potosí and

Guanajuato. The plan is to start distributing

imported fuel from two new distribution centers

as soon as this summer. One will be located in

Tula, Hidalgo, from which supplies will be

distributed to the states of México and Puebla.

The second will be in Salinas Victoria, Nuevo

León, and will cater to that state and neighboring

Coahuila. The company plans to invest US $300

million in logistics, inventory and marketing in the

next 10 years and take advantage of fuel demand

that it forecasts will grow 40% over the next 25

years, according to a report by the investment

research firm Zacks.

THE AUTOMOTIVE SECTOR

Tire Company plans to grow in Mexico

JK Tire Tornel analyzes the possibility of

expanding its operations in Mexico and, as part of

6

that, placing a new tire production line that it

does not currently do in the country. Arun Kumar

Bajoria, president of international operations of

JK Tire & Industries Limited, the company's

holding company, said Mexico is important to

them because they currently produce 6 million

tires in this market, representing 17% of their

total world production. Having 12 plants in the

world, 3 of which are in Mexico, we acquired 10

years ago from Tornel. Since then $200 million

dollars have been invested in this nation. JK Tire

is the world leader in the sale of wheels for trucks

and buses; from Mexico they export to South

America and North America, but 75% of what

they do in the country is for domestic

consumption. JK Tire Tornel is the only company

that manufactures tires in Mexico for the

agricultural, industrial and conventional heavy

truck market.

Mexico relaxes its position on the automotive

issue

The USA can finalize the agreement for the

modernization of NAFTA before the end of this

month, after Mexico put on the table the

counterproposal that only 20% of the vehicle is

obligated to be produced in an area where

workers are paid 16 dollars per hour. Mexico

argues that in order to achieve greater regional

integration, at least 10 years are required for the

industry to accomplish 70% of the rule of origin.

Chinese automotive firm BAIC plans 12 new

dealerships in 12 months

Chinese automotive company BAIC Group is

forging ahead with its plans for Mexico: it plans

to open 12 new dealerships in the coming 12

months. Sales of the two models that are

assembled in Veracruz, the D20 and X25, have

been good, but demand for the X65 SUV,

imported from China, is increasing the most. BAIC

is still interested in installing an assembly plant in

Mexico from which to export vehicles to Latin

America and the United States, despite the

uncertainty around the renegotiation of the

North American Free Trade Agreement (NAFTA).

A company official said off the record in late April

that a US $2-billion plant was being planned and

that an announcement regarding the investment

could come within a month.

BILATERAL NEWS AND EVENTS- MEXICO

AND OTHER COUNTRIES INDIA Amb. Roldan in ICWA Conference

At the invitation of the Indian Council of World

Affairs (ICWA), Amb. Eduardo Roldan of Mexico

participated in the 2nd ICWA-LAC Conference on

India-LAC Partnership in Brasilia on 18 May 2018.

The conference was also attended by

Ambassador of India in Brazil and other

industrialists and think tanks.

PARLE, India´s Iconic and Worlds No.1 Biscuit

Making Company Sets up a Manufacturing Plant

in Mexico

Ambassador Muktesh Pardeshi, along with

Executive Director Shri A Chauhan, inaugurated

the PARLE plant in the outskirts of Mexico City.

This is PARLE´s first plant in entire Americas. This

is also the first time for an Indian food processing

company to have invested in Mexico. Its most

popular product PARLE G will be first product in

supermarkets. Parle is one of the largest biscuit

producing companies of the world and is one of

the most popular brand in its sector in India.

7

Growing Significance of India for Mexican

Business

Ambassador Muktesh Pardeshi was invited by the

Mexican Business Forum 2018 to speak at a panel

discussion on "Beyond The US: Cooperation And

Diversification Opportunities For Mexico".

Ambassador Pardeshi highlighted the growing

significance of the Indian market for Mexican

business and vice versa. Ambassadors of

Argentina, the United Kingdom and the

Netherlands were other co-panelists.

BOLIVIA Foreign Minister Videgaray met with the

President of Bolivia

The Secretary of Foreign Affairs met with the

President of Bolivia, Evo Morales, and endorsed

Mexico's interest in continuing to strengthen ties

of friendship and bilateral cooperation, while

thanking him for his assistance to Mexico

following the earthquakes of September 2017.

Videgaray announced that Mexico authorized the

release of the importation of Bolivian quinoa into

Mexican territory. At the meeting with Bolivian

Foreign Minister Fernando Huanacuni, the two

Foreign Ministers discussed economic and

investment exchanges and cooperation in

consular and migration. Mr. Videgaray witnessed

the signing of a MoU between Bancomext and

Banco de Desarrollo Productivo de Bolivia, as well

as a Collaboration Program between ProMéxico

and Promueve Bolivia, which aims to increase

trade opportunities.

FRANCE The Minister of Economy on working tour to

Paris

Ildefonso Guajardo Villarreal (Minister of

Economy), in working tour to Paris, France to

participate in the Ministerial Meeting of the

Organization for Economic Cooperation and

Development an in the Ministerial Meeting of the

World Trade Organization. Mexican officials will

hold meetings with French companies with

presence in Mexico and bilateral meetings with

Ministers of Mexico's main trading partners to

discuss the commercial agenda.

KENYA Mexico and Kenya held second meeting of the

Consultation Mechanism

Minister of Foreign Affairs, Luis Videgaray,

received the Secretary for Political and

Diplomatic Affairs of the Ministry of Foreign

Affairs and International Trade of Kenya,

Ambassador Tom Amolo, on his working visit to

Mexico and held the Second Meeting of the

Consultation Mechanism on Matters of Common

Interest. Topics such as the desire to intensify

political dialogue and to collaborate on

multilateral issues were discussed. Possible

alternatives for economic and trade linkages

were also explored, and the potential for

cooperation among diplomatic academies was

highlighted.

8

MULTILATERAL EVENTS AND NEWS

INVOLVING MEXICO

G20 Meeting of Foreign Affairs Ministers

concludes

Foreign Secretary Luis Videgaray attended the

G20 Meeting of Foreign Affairs Ministers in

Buenos Aires, Argentina. The event began with a

meeting between the foreign ministers and

President Mauricio Macri who as G20 president

for 2018 extended a welcome to the group. The

foreign ministers discussed the nature and future

of the G20 as the leading forum for coordinating

global economic and financial governance. The

foreign ministers also commented on the

importance of multilateralism and international

organizations in the increasingly complex global

scenario. The foreign ministers also exchanged

views on the role the G20 should play to achieve

fair and sustainable development based on the

2030 Agenda and on meeting the Sustainable

Development Goals. This is the third time the

G20 Foreign Ministers have met.

BRICS promotes cooperation in emerging

markets

The BRICS block (Brazil, Russia, India, China and

South Africa) marked its agenda in the areas of

political coordination and economic-financial

cooperation, currently accounting for 23% of the

GDP of the global economy, 16% of global trade

and contribute to economic growth by more than

50 percent. During the panel "The Relationship of

Mexico with the Countries of the Brics",

representatives of the countries took the

opportunity to exchange views and share

experiences with Mexico.

NAFTA

NAFTA enters a decisive week: if an agreement is

reached before May 31, as requested by House

Speaker Paul Ryan, it could be ratified by the U.S.

Congress in 2018, but if this does not happen, it

would have to be validated by the new legislature

in early 2019. In these circumstances, Mexico

would have a new government and the United

States a renewed Congress, but not a NAFTA 2.0.

COMMERCIAL NEWS FROM BELIZE

Minister of State in Govt. of India visited Belize

on bilateral mission

Shri Sudarshan Bhagat, Minister of State in Govt.

of India visited Belize on a bilateral mission. He

met with Hon. Governor General Sir Colville

Young, Hon. PM Dean Barrow, Foreign Minister

Wilfred Erlington, Minister of Agriculture Godwin

Hulse and CEO, Ministry of Human Development

and Social Transformation Ms. Judith Alpuche.

High Commisioner Muktesh Pardeshi and Hon.

Consul General Arun Hotchandani accompanied

the visiting Minister. The Minister also interacted

with members of Belize Indian Community (BIC)

and Belize Indian Merchants Association (BIMA),

apart from the Mayors of Orange Walk and

Corozal.

Mexican trade mission going to Belize

The Embassy of Mexico and PROMEXICO are

organizing a trade mission in Belize at the Cultural

Institute of Mexico in Belize City. The main

objective of the mission is to strengthen trade

relations between Mexico and Belize, identify

potential buyers and suppliers of a variety of

products and/or services, as well as to find

investment opportunities. Sectors and products

include: jewelry and accessories, natural and

biodegradable care products, hybrid water

heaters, coating and adhesives for construction,

eco-friendly cleaning products, pest control

products, dairy and poultry, and woods and

9

derivatives. The Mexican embassy is inviting

Belizean companies, entrepreneurs, government

officials, business associations and interested

people and organizations to meet with their

Mexican counterparts.

Belize now importing fuel from Texas instead of

Venezuela

Prime Minister Dean Barrow confirmed that

Belize has stopped importing fuel from the

Bolivarian Republic of Venezuela, which had been

selling fuel products to the country at

concessionary rates under the regional Alba

Petrocaribe agreement. Belize is now importing

its fuel from the US state of Texas. PM Barrow

insists that the Petrocaribe program, which Belize

signed with Venezuela in 2006, is not yet over,

but the country is in need of a steady supply of

fuel. The Prime Minister’s announcement comes

after another fuel price increase at the pumps.

This time, the increase at the fuel pump has been

triggered by the rise in oil prices on the world

market.

WAPCOS on a business exploratory mission to

Belize

Executive Director of WAPCOS Mr. Anupam

Mishra, accompanied by Mr. Mohit Suri and Hon.

Consul General of India, Mr. Arun Hotchandani,

met with various high level officials - CEO Mr.

Patrick Andrews of Ministry of Foreign Affairs,

CEO of Ministry of Agriculture, Energy Director,

Ministry of Public Services, Energy and Public

Utilities, BELTRADE and BTEC. WAPCOS is a public

sector undertaking under the Ministry of Water

Resources, River Development and Ganga

Rejuvenation of the Government of India. The

company provides consultancy services in the

fields of water resources, power and

infrastructure.

10

APPENDIX- STATISTICS

INDIA - BELIZE

I. Bilateral Trade (Belize-India) in January-April 2018 compared to January-April 2017 (Figures in Thousand USD)

Export Import Total Growth in percentage of

Belize’s Exports in 2018 over 2017

Growth in percentage of Belize’s Imports in 2018 over 2017

Belize’s trade with India

257

3,697

3,954

- 75.31%

- 3.43%

Belize’s total global trade

77,904

287,065

364,969

- 20.73%

2.16%

II.Belize Imports Statistics To India Commodity:_Total, All Commodity Chapters

Year To Date: January-April

Commodity Description

United States Dollars % Change

2016 2017 2018 2018/2017

_Total All Commodity Chapters 5,813,848 3,828,668 3,697,219 - 3.43

24 Tobacco And Manufactured Tobacco Substitutes 3,489,260 2,364,240 2,180,291 - 7.78

61 Apparel Articles And Accessories, Knit Or Crochet 509,009 440,087 103,326 - 76.52

62 Apparel Articles And Accessories, Not Knit Etc. 337,345 276,368 104,122 - 62.32

72 Iron And Steel 293,778 281,335 43,892 -84.40

30 Pharmaceutical Products 149,668 176,192 154,716 - 12.19

38 Miscellaneous Chemical Products 391,738 0 91,181 n/a

68 Art Of Stone, Plaster, Cement, Asbestos, Mica Etc. 17,309 0 0 n/a

63 Textile Art Nesoi; Needlecraft Sets; Worn Text Art 81,389 88,247 64,923 - 26.43

84 Nuclear Reactors, Boilers, Machinery Etc.; Parts 243,725 22,730 387,649 1605.47

40 Rubber And Articles Thereof 5,243 13,089 116,916 793.25

11

III. Belize Export Statistics To India Commodity:_Total, All Commodity Chapters

Year To Date: January-April

Commodity Description


2016 2017 2018 2018/2017

_Total All Commodity Chapters 264,283 1,042,620 257,391 - 75.31

23 Food Industry Residues & Waste; Prep Animal Feed 0 792,148 211,055 - 73.36

07 Edible Vegetables & Certain Roots & Tubers 0 211,792 0 - 100.00

61 Apparel Articles And Accessories, Knit Or Crochet 0 10,571 40,434 282.49

62 Apparel Articles And Accessories, Not Knit Etc. 0 320 2,639 723.89

71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 733 27,159 0 - 100.00

42 Leather Art; Saddlery Etc; Handbags Etc; Gut Art 0 629 1,582 151.60

65 Headgear And Parts Thereof 0 0 653 n/a

12

APPENDIX- STATISTICS

INDIA - MEXICO

I. Bilateral Trade in January-March 2018 compared to January-March 2017 (Figures in Million USD)

Export Import Total Growth in percentage of

Mexico’s Exports in 2018 over 2017

Growth in percentage of Mexico’s Imports in 2018 over 2017

Mexico’s trade with India

626

1,224

1,850

- 6.24%

12.04%

Mexico’s total global trade

105,590

107,018

212,608

11.52%

9.79%

13

II. Mexico Import Statistics From India

January - March

HS Code

Commodity

United States Thousdands of Dollars

% Change

2016 2017 2018 2018/2017

_Total All Commodity Chapters

1,003,557 1,092,572 1,224,111 12.04

87 Vehicles, Except Railway Or Tramway, And Parts Etc

379,545 420,962 477,897 13.53

29 Organic Chemicals 80,838 105,421 112,381 6.60


85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts

66,507 79,829 78,062 - 2.21

76 Aluminum And Articles Thereof 42,554 23,488 35,412 50.76

72 Iron And Steel 17,328 37,223 35,720 - 4.04

98 Special Classification Provisions, Nesoi 23,878 26,455 34,859 31.77

62 Apparel Articles And Accessories, Not Knit Etc. 34,647 31,708 32,931 3.86

39 Plastics And Articles Thereof 25,184 23,164 25,775 11.27

69 Ceramic Products 3,546 17,898 17,112 - 4.39

71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 22,882 20,455 17,422 - 14.83

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc

14,033 18,681 19,447 4.10

61 Apparel Articles And Accessories, Knit Or Crochet 21,234 21,498 19,839 - 7.71

73 Articles Of Iron Or Steel 17,561 15,447 25,009 61.90

30 Pharmaceutical Products 25,473 14,596 18,569 27.21

32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 17,883 16,703 18,408 10.21

40 Rubber And Articles Thereof 11,869 12,175 12,327 1.25

09 Coffee, Tea, Mate & Spices 4,294 9,000 1,923 - 78.63

38 Miscellaneous Chemical Products 7,639 9,907 10,340 4.36

54 Manmade Filaments, Including Yarns & Woven Fabrics

8,119 10,819 8,126 - 24.89

12 Oil Seeds Etc.; Misc Grain, Seed, Fruit, Plant Etc 4,517 7,315 7,356 0.56

14

III. Mexico Export Statistics To India

January - March

HS Code

Commodity

United States Thousands of Dollars % Change

2016 2017 2018 2018/2017


154,698 668,234 626,555 - 6.24

27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax

62,738 491,230 370,630 - 24.55


26,104 59,046 86,289 46.14

71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 0 45,098 1,941 - 100.00



12,800 10,812 31,719 193.35

29 Organic Chemicals 8,301 8,541 10,840 26.92

32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 437 7,247 7,935 9.49

72 Iron And Steel 2,472 2,192 4,217 92.32

30 Pharmaceutical Products 1,002 1,704 1,438 - 15.59

74 Copper And Articles Thereof 1 254 1,846 625.10

15

IV. Mexico Import Statistics From World

January - March

HS Code

Commodity


2015 2016 2017 2017/2016


89,133,372 97,479,636 107,018,55 9.79


19,538,636 19,316,104 21,014,002 8.79

84 Nuclear Reactors, Boilers, Machinery Etc.; Parts 16,136,368 16,450,490 18,472,118 12.29


8,553,816 9,717,057 10,410,494 7.14


4,497,866 8,211,367 10,302,638 25.47

39 Plastics And Articles Thereof 5,183,803 5,510,327 5,896,655 7.01


3,076,226 3,403,320 3,417,059 0.40

98 Special Classification Provisions, Nesoi 2,949,182 3,147,792 3,853,709 22.43

72 Iron And Steel 1,977,232 2,457,810 2,567,816 4.48

73 Articles Of Iron Or Steel 2,053,686 2,295,084 2,275,755 - 0.84

29 Organic Chemicals 1,689,965 2,275,546 2,281,768 0.27

16

V. Mexico Export Statistics To World

January - March

HS Code

Commodity


2016 2017 2018 2018/2017


85,122,649 94,686,926 105,590,232 11.52


20,582,296 22,899,738 26,951,215 17.69


16,645,572 18,586,881 18,378,809 - 1.12

84 Nuclear Reactors, Boilers, Machinery Etc.; Parts 13,655,574 14,907,748 16,797,571 12.68


3,327,719 5,224,103 7,063,380 35.21


3,752,757 3,998,840 4,368,710 9.25

94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd

2,354,062 2,545,018 2,452,809 - 3.62

39 Plastics And Articles Thereof 1,957,739 2,189,763 2,253,795 2.92

07 Edible Vegetables & Certain Roots & Tubers 2,425,983 2,248,727 2,535,694 12.76

71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 1,824,544 1,731,754 1,683,116 - 2.81

08 Edible Fruit & Nuts; Citrus Fruit Or Melon Peel 1,224,806 1,555,255 1,945,619 25.10

17

VI. Mexico Import Statistics

January - March

Partner Country


2016 2017 2018 2018/2017

World 89,133,372 97,479,636 107,018,556 9.79

United States 41,786,640 47,010,464 50,430,036 7.27

China 15,993,293 15,976,496 18,268,742 14.35

Japan 3,936,926 4,429,264 4,127,066 - 6.82

Germany 3,253,722 3,680,278 4,787,224 30.08

Korea South 3,041,175 3,676,219 3,496,729 - 4.88

Canada 2,146,394 2,273,022 2,534,472 11.50

Malaysia 1,967,042 1,772,984 1,832,999 3.39

Taiwan 1,544,521 1,751,346 1,830,020 4.49

Italy 1,153,146 1,332,383 1,552,477 16.52

Thailand 1,230,086 1,390,772 1,574,355 13.20

Brazil 1,015,094 1,203,061 1,398,134 16.21

India (13th) 1,003,557 1,092,572 1,224,111 12.04

Spain 1,002,075 1,016,849 1,361,535 33.90

Vietnam 868,213 978,757 936,491 - 4.32

18

VII. Mexico Export Statistics

January - March

Partner Country


2016 2017 2018 2018/2017

World 85,122,649 94,686,926 105,590,232 11.52

United States 69,534,666 76,223,078 80,652,365 5.81

Canada 2,560,113 2,550,773 3,365,737 31.95

China 1,178,404 1,657,742 1,600,468 - 3.45

Germany 769,167 1,303,553 1,732,280 32.89

Spain 616,180 1,009,230 581,266 - 42.41

Japan 676,812 956,405 720,909 - 24.62

Brazil 562,922 746,965 1,051,804 40.81

Colombia 786,994 824,845 869,440 5.41

Korea South 474,803 708,585 683,425 - 3.55

India (12th) 154,698 668,234 626,555 - 6.24

United Kingdom 788,624 600,163 539,600 - 10.09

19

VIII. Mexico Total Trade

January - March

Partner Country


2018/2017

2016 2017 2018

World 174,256,021 192,166,563 212,608,788 10.64

United States 111,321,306 123,233,542 131,082,401 6.37

China 17,171,698 17,634,239 19,869,211 12.67

Germany 4,022,890 4,983,832 6,519,504 30.81

Japan 4,613,739 5,385,669 4,847,976 - 9.98

Canada 4,706,507 4,823,795 5,900,209 22.31

Korea South 3,515,978 4,384,804 4,180,154 - 4.67

Spain 1,618,255 2,026,080 1,942,801 - 4.11

Malaysia 1,998,909 2,038,230 1,871,562 - 8.18

Brazil 1,578,016 1,950,027 2,449,939 25.64

Taiwan 1,590,548 1,840,864 1,902,458 3.35

India (13th) 1,158,256 1,760,807 1,850,667 5.10

Italy 1,590,481 1,546,250 2,006,228 29.75

Thailand 1,299,645 1,565,848 1,655,840 5.75

Documents

íëìó C o m m e r c i a l 7 Mexico Citgy · Durango, State of Mexico, Aguascalientes, Mexico City, Coahuila, Chihuahua, Nuevo Leon, Jalisco and Baja California Sur. The fall in