Mexico’s imports from Russia soar — RT Business News

Imports of Russian goods by Mexico have seen a substantial annual increase of more than 20% in the first six months of the current year, according to the latest figures published by the Bank of Mexico.

In monetary terms, Mexican imports from Russia amounted to $1.193 billion. In June alone, purchases of Russian goods by the North American nation exceeded $275 million – the second highest figure in Mexican history. In May 2021, the country bought Russian goods worth $283.9 million.

In 2021, trade turnover between the two countries reached an all-time high, exceeding $4.5 billion.

The United States remains Mexico’s most important trading partner. In 2021, the trade turnover between the two countries amounted to more than 661 billion dollars. In July, Foreign Minister Marcelo Ebrard announced that American companies planned to invest $40 billion in the Mexican economy by 2024.

Russia is the main international supplier of fertilizers to Mexico, accounting for almost a quarter of all Mexican imports of nitrogen and mixed nitrogen, phosphorus and potassium fertilizers.

Rolled steel, aluminum and synthetic rubber are among the country’s other important imports from Russia.

For more stories on economics and finance, visit RT’s business section

You can share this story on social media:

Follow RT on