Mexico was placed in August as the main trading partner of the United States, with a volume of 70 thousand 300 million dollars, surpassing Canada and China that were in second and third place, respectively. Since February of this year, Mexico has not ranked first as a US trade partner in monthly figures, and since 2019 for a month of August.

Imports from Mexico totaled 40.3 billion dollars, 25.6% compared to August 2021, while exports from the United States to Mexico stood at 30 billion dollars in the same month, an annual growth of 24%. , according to figures from the United States Census Bureau.

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Regarding the figures accumulated from January to August, the total foreign trade with Mexico was 520 billion dollars, 302 billion dollars were for imports and 218 billion for exports. The accumulated figure was 20% more than in the same period of the previous year, when the figure stood at 431 thousand 800 million dollars.

This week it was also announced that the US will extend the consultation period with Mexico on energy policy, after completing the minimum period of time required. Although Monday marked the end of an initial 75-day window to reach an agreement before the United States has the right to request a dispute resolution panel, the USMCA allows negotiations to be extended with the agreement of all parties. .

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After requesting the consultations in July and beginning them in August, the United States hopes to "maintain this positive momentum to resolve these concerns raised by US energy producers and advance North America's competitiveness," said a spokesman for the Representative's Office. US Trade in an emailed response to questions from Bloomberg.

For its part, Europe seeks to increase trade with Mexico due to tensions with Russia, given the escalation of geopolitical tensions due to Russia's war with Ukraine, said Mónica Duhem, head of the Global Economic Intelligence Unit of the Ministry of Economy.

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