Africa-Press – Eswatini. The trade relationship between Eswatini and Mexico might seem unlikely at first glance, however, a closer look at the data reveals a potential hidden gem waiting to be unearthed in the Mexican machinery market for Eswatini exports.
According to Gobierno de Mexico, a one-stop website for government services, information and citizen participation, a disproportionate trade balance points towards an opportunity.
In December 2023, Mexico exported a modest E1 548 169.99 (equivalent to US$82.3k) worth of machinery to Eswatini.
In contrast, Eswatini managed to export a far more impressive E 29 341 228.80 (US$1.56 million) worth of machinery to Mexico, a clear opportunity for Eswatini to further establish itself in the Mexican market.The most prominent category of Mexican machinery exported to Eswatini was
“Tractors (Other than Tractors of Heading 8709)”.
This shows a specific demand in Eswatini’s agricultural or industrial sectors that Mexican tractor manufacturers are adept at fulfilling.
Exports
The origin of these exports within Mexico reveals a geographic concentration – Nuevo León (E16 720 738.72 equivalent to US$889k), Ciudad de México (E 8 595 475.36 equivalent to US$457k), and Estado de México. (E919 916.58 equivalent to US$48.9k).
These states could potentially house specialised tractor producers with a keen eye on the Eswatini market. The most intriguing aspect of the trade data lies in Eswatini’s exports to Mexico.
The leading category was ‘Machinery and Mechanical Appliances Having Individual Functions, not Specified Elsewhere.’
This broad category hints at Eswatini’s potential niche in producing specialised or unique machinery that caters to specific needs within Mexican industries.
The primary destinations for these Eswatini exports within Mexico – Baja Californi (E47 025 875 US$2.5M), Chihuahu (E46 466 134 equivalent to US$2.47m), and Jalisco (E36 871 912 equivalent to US$1.96m) indicative of specific industrial clusters that rely on Eswatini’s unique machinery expertise.
Regarding remittances, in the fourth quarter of 2023, Mexico received US$0 in remittances from Eswatini, while the country received US$0 in remittances from Mexico.
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