MEX ICO CITY (El Universal).— Last year, four countries were the most important suppliers in Asia for Mexico, providing 27 of every 100 dollars in imported products in that period.
From January to December 2023, Mexican imports amounted to 598,475 million dollars, of that amount, China, Japan, South Korea, and Malaysia were responsible for 174,064 million dollars, according to figures from the Bank of Mexico ( Banxico).
The main Asian supplier continues to be China, which in fact is Mexico’s second trading partner, being responsible for 114,190 million dollars of imports made by our country.
Japan, a country that two years ago was in third place among Asian supplier nations to Mexico, returned to second place in 2023. Imports of Japanese products to Mexican territory amounted to 20,629 million dollars.
In third place, among the Asian countries, is South Korea, since it was responsible for 19,562 million dollars of imports of Korean products to Mexico. The fourth country is Malaysia, since Mexico imported products from that country worth 12,26 million dollars.
It is worth mentioning that in 2022, the imports registered by the Mexican economy from these four Asian countries amounted to 166,407 million dollars.
The products that the Mexican market buys most from China are telephones, wireless networks, power transformers, converters, machine parts and accessories, data processing machines and units, and integrated electronic circuits, among other products.
While the main imports of Japanese products were: cars, electronics, among other industrial goods.
Dollar exchange rate
The Mexican peso managed to report a minimal advance yesterday, despite the fact that the local currency began the day in loss territory, following the inflation report in the United States was released, which stood at 3.2% at an annual rate .
Information from the Bank of Mexico (Banxico) indicated that the exchange rate stood at 16.7995 pesos per greenback, which maintained its streak of gains by appreciating marginally 0.08 cents, compared to its previous close.
Meanwhile, according to figures from Citibanamex, at bank windows the dollar price closed for sale at 17.21 pesos each.
“From the perspective of technical analysis, a scenario is observed that will bring important direction for the peso. Since it fell below the figure of 17.00, the downward trend of the Mexican peso remains intact,” detailed the OctaFX analysts.
However, they noted in a report, it appears to be losing traction.
“According to the Relative Strength Index (RSI), despite remaining in bearish territory, the slope of the peso is pointing upward, breaking previous lows. This might indicate that buyers are entering the market and opening the door to an upward correction,” the experts noted in the OctaFX report.
ReservationsNew record
International reserves exceed 216 billion dollars for the first time.
Banxico report
For the first time this year and since its registration, the country’s international reserves exceeded 216 billion dollars, reported the Bank of Mexico (Banxico).
Weekly data
In its recent report, it noted that, at the end of the week that ended on March 8, 2024, the balance of reserves stood at 216.8 billion dollars. The above meant a weekly increase of two thousand 898 million dollars. Thus, the total balance so far this year has a profit of 4.39 million dollars.
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2024-04-08 12:45:19
