Among the products imported Vehicles for transporting people and parts or accessories for car bodies stand out, as well as chocolate and coffee, palm oil, fructose syrup, horses, modified milk and chemicals.
Exports to Mexico
The exports Argentines to Mexico, on the other hand, do not have the same weight. Among the products that stand out in the export portfolio are lemon essential oils, diesel car engines either semi diesel Y tobacco. Also garlic, beans, fresh fruits, wheat, soybean and sunflower oil.
Argentina has a fluid trade with the commercial bloc that integrates Mexico, the USMCA, formerly known as NAFTA, with whom there was a US$5 million trade deficitlargely explained by an increase in exports 23.7%, driven by fuels. Of the total sales to the block, Mexico represents 10%.
Trade between Argentina and Mexico: imports
Regarding the imports, these grew by 58.4%, mainly explained by intermediate goods. Of the total purchasesMexico represented 8.7% of the block.
Mexico is also among the countries with which Argentina had the eighth largest trade deficitwith a cumulative US$507 million. Although it is significant, it is far from the country with which Argentina has the largest trade deficit, which is with China, and reaches US$8,020 million.
Trade agreements between Argentina and Mexico
Argentina is interested in increasing sales to Mexico. In fact, so far this year, lExports to that country grew by 72% and it is the best year in almost a decade. This year, in addition, renewed for three years the light vehicle exchange agreement to favor the integration of the industries of both countries.
It was also renewed ACE 6, an agreement focused on the exchange of food, in particular to deepen the presence of wines, dairy products, meats, garlic, vegetables, fresh fruits, preparations, peanuts, chocolates, sunflower oils, steel and chemical products, of Argentine origin in that destination .
In 2022, it was also achieved that Mexico Open your market to Argentine boneless beefafter 8 years of negotiations and 20 of remaining closed.
The Senasica authoritiesthe Mexican health agency, authorized 22 Argentine processing plants for export bovine meat products to the Aztec country. Hereinafter the Senasa and the Senasica they will adjust the details to agree on the animal health requirements that will appear on the certificate that will endorse the shipments.
Which Argentine companies settled in Mexico
There are five large Argentine companies that have established themselves in that country thanks to its huge internal market and its strategic geographical location for companies seeking to internationalize.
- Arcor installed its first commercial offices in 2000
- Todo Moda opened its first store in Mexico in 2001
- Mercado Libre opened its distribution center in 2019 and it is already one of its main markets.
- Globant installed its first development center in that country in 2015.
- Havanna opened its first cafeteria in the federal district in 2010.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
