The value of nominal trade in 2018 grew by almost 10%, but that was due, according to the WTO, due to the increase in the price of oil of almost 20%, the increase in the cost of services associated with trade, in almost 8%; in addition to fluctuations in the price of money and the exchange of currencies, which ultimately impacted the value of the goods, creating limits for access to them.
While the level of imports grew in the United States in 2018, Mexican exports did not grow in the same way, but remained at the same level as last year, therefore, the economic strength of the first country is not being reflected in strengthening Mexico’s exports, perhaps due to the uncertainty generated by the renegotiation of the treaty. But, in addition, Mexico is not one of the leading countries in the export of services, which are more expensive and require more complex processes, but which add more value to the contemporary economy.
The challenge then is enormous, since our focus as a country continues to be on industrial production, when services and services for services, research, generation and transfer of knowledge, etc., seem to be the elements that lead the strengthening of trade in the future. The question is what are we doing as a country to overcome the changing conditions in international trade and economy?
I share the following links, which we are sure will serve you: