Background on Ricardo Gallardo Cardona and His Impact
Ricardo Gallardo Cardona has been the governor of San Luis Potosí, Mexico, for four years. During his tenure, the state has experienced a significant increase in export value, rising by 68.8% from $13.8 billion in Q4 2021 to $23.3 billion in Q4 2024.
San Luis Potosí’s Export Performance
According to the National Institute of Statistics and Geography (INEGI), San Luis Potosí is now among the top 11 Mexican entities with exports exceeding $21 billion in 2024. However, there was a slight decrease in export value from $6.2 billion to $5.6 billion between Q1 2024 and the previous quarter.
Challenges and Support
This decrease is attributed to the overall uncertainty caused by US President Donald Trump’s warnings of extraordinary tariffs on imports, which led to nervousness and inactivity among national and international business owners.
Despite these challenges, Governor Gallardo’s administration has provided unprecedented support to local businesses, enabling the substantial growth in export value over these four years.
Impact on Economy
The increased export value has bolstered both the state and national economies. Unlike past situations, there is now support for Potosí’s export-oriented businesses and the expansion of international markets, fostering economic growth.
Key Questions and Answers
- Who is Ricardo Gallardo Cardona? Ricardo Gallardo Cardona is the current governor of San Luis Potosí, Mexico.
- What is the significance of the 68.8% increase in export value? This substantial growth has strengthened the state and national economies by providing support to export-oriented businesses and expanding international markets.
- What caused the slight decrease in export value between Q1 2024 and the previous quarter? The decrease was due to uncertainty generated by US President Donald Trump’s warnings of extraordinary tariffs on imports, causing nervousness and inactivity among business owners.
