According to Tijuana's National Chamber of Commerce (Canaco), commerce in the city has suffered a 40% drop in business, mainly due to rising dollar prices and the streets' rising crime rates.

Among the sectors that have registered a drop in their profits are bakeries, hardware stores, grocery stores, and used tire and car lots in particular, according to Canaco's activities report for 2016's first quarter.

Nonetheless, the Mexican peso devaluation on the international market has not been all bad news for the city; some other businesses have seen a spike in their profits, particularly restaurants and house/apartment leasers.

"If we poll business owners, they will say that things have not been well (…) some of them have told us that their survival is a miracle. Many of them hold on to the hope that their sales start growing again, but business is not what it used to for any area, aside from a few big companies that have real profits", said Canaco President Gilberto Leyva Camacho to local newspaper El Sol de Tijuana.

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miranda.garcia@sandiegored.com

Translated by axel.alcala@sandiegored