Due to the strong economic revitalization in the neighboring United States, trade indicators in Mexico have returned to the levels they were before the onset of the pandemic.
According to Caintra de Nuevo León, during the month of May, total shipments from Mexico showed a historic annual recovery of 124.5% (due to the low comparison base). Now, when we compare the backlog from January to May 2021 versus 2019 (the period prior to the pandemic), a 2.11% increase in global exports from Mexico is observed; In other words, foreign trade has already made a full recovery.
Looking at the bilateral relationship between Mexico and the United States, it turns out that the index has also exceeded pre-pandemic levels; Since the trade from January to May 2021 compared to 2019 increased by 1.91%; This has made it easier for Mexico to establish itself as a major trading partner of the United States, bypassing Canada and China.
Caintra calls on the authority to facilitate foreign trade operations and enhance opportunities for more SMEs to export their products; Doing so will allow us to boost our economy faster and achieve a stronger recovery that will benefit all of us.