Mexico allows Russia to bottle Mexican-produced Tequila

 

Mexican beer is quite popular across the Russian market. Russia has always been a prominent importer of beer from Russia. Russia is the third highest tequila importer in the world. Recently, the Mexican government has allowed licences for Mexican origin tequila brands in Russia for the first time ever. As, there was a law in Mexico that blue liquor produced in specific regions of Mexico to be branded tequila. Mexico's tequila has great demand in Russia and across the world. 

So far during FY 2022, Mexico was responsible for over 29% share in Russia's overall beer imports. Mexico export data shows that around $20 million worth of Mexican beer imports into Russia. By allowing Russia to bottle Mexican produced Tequila, Mexico is planning to boost its tequila exports in Russia. 

Russia is home to some of the finest alcohol production plants. Kristall spirits plant in Russia is among the top alcohol producing plants with production over 20 million litres per year. It is noted from Russia export data that Russia has exported alcohol worth over 58 million dollars during the financial year 2022. 

Russia's alcohol exports were mostly to China with over 33% market share in Russia. Along with China, Ukraine (17%), South Ossetia (14%), Mongolia (4%), and Norway (2%) were other significant importers of alcohol from Russia. Brewing Company Baltica, AB Inbev Efes JSC, Railtranslogistika LLC, Moscow Beer Non Alcoholic Factory and CJSC Moscow Brewing Company were other major Russian alcoholic brands export wise.

Apart from Russia, the United States is the leading liquor importer from Mexico along with Germany, Canada and the United Kingdom.  Mexico is the third leading hard liquor exporter in the world. Mexico customs data shows that around $4.2 billion worth of hard liquor was exported from Mexico. 

Russia and Mexico bilateral trade has prospered over the years. During the fiscal year 2022, the trade grew by 200%. Mexico import export data shows that around $2.2 billion exports were made by Mexico to Russia during last fiscal year. The key imports by Russia from Mexico include motor vehicles parts, accessories, medical apparatus, orthopaedic appliances, beer and machine parts.

Whereas, Mexico import data reflects that the country has imported Russian products worth over $2.3 billion during FY 2022. These include semi-finished iron, vaccines, aluminium, fertilizers, rubber and steel ingots.

The buyers and suppliers from both Mexico and Russia can now extend their business using a global market intelligence platform. Exim GTIS is the best research platform offered by the leading global import export data provider, Exim Trade Data. Through this platform, companies can gain insights into Mexico's and Russia’s imports, exports by price, quantity, origin/destination country, loading/unloading port, importer and export name.      

Companies can extract the tons of verified buyers and suppliers contacts from this platform for their related niche. This could increase your market sales and help you achieve business goals. You can shape your import and export data business by gaining in-depth knowledge on the global market. A market intelligence platform keeps you updated about the latest market trends, demand, price forecasts, and discover potential clients.