At the moment, there have been damages to business with the Asian country in the electronic manufacturing, food, communications and automotive sectors, among others. Some of these sectors already face a lack of Chinese supplies and at least a dozen have had to shut down production lines. The shortage of inputs, parts and raw materials exported from China has been especially observed in the electronics and automotive sector.
Likewise, exports to China are being slowed, since the Asian country is in the containment phase, so they aren’t currently approving shipments. Such is the case of beef, which requires the review of at least 23 Mexican plants and that the inspectors have pending their approval of production, traceability, food processes, sanitary processes, among others.
About 60% of what Mexico imports from China corresponds to machines, devices, parts, materials, mechanical devices and other manufacturing products that, in turn, are related to crucial commercial chains for Mexico’s trade.
According to the United Nations Conference on Trade and Development (UNCTAD), Mexico will be the eighth economy most affected by the disruption to global supply chains caused by Covid-19.
Important information you should know:
Mexico’s main exports are cars, vehicle parts, delivery trucks, computers, and crude oil. Its main imports are vehicle parts, refined oil, cars, computers, and petroleum gas.
Mexico’s top export destinations are the United States, Canada, China, Germany, and Japan. The main import origins are the United States, China, Germany, Japan, and South Korea.
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