Exports from Mexico increased 4.3 percent year-on-year to USD 37529 million in December 2018. Non-oil exports rose 6.0 percent, driven by higher sales of manufacturing (6.5 percent), namely steel products (31.2 percent); machinery and special equipment (22.4 percent); professional and scientific equipment (8.4 percent); and automotive products (7.4 percent). Also, mining shipments went up 16.6 percent. Meanwhile, sales of agricultural products dropped 6.8 percent, mostly due to raw coffee beans (-42.6 percent), fresh strawberries (-38.5 percent), avocado (-17 percent), frozen shrimp (-16 percent) and pepper (-5.4 percent). Additionally, oil sales declined 16.8 percent. The country exported 1.198 million barrels of crude oil per day, lower than 1.401 million barrels a year earlier while the price was USD 50.49 per barrel, $3.65 below the price in December of 2017. Non-oil exports to the US increased 8.8 percent, of which auto sales rose 11.9 percent. Exports in Mexico averaged 13996.94 USD Million from 1980 until 2018, reaching an all time high of 41352.22 USD Million in October of 2018 and a record low of 1225.59 USD Million in February of 1980.
Exports in Mexico is expected to be 38000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Mexico to stand at 39000.00 in 12 months time. In the long-term, the Mexico Exports is projected to trend around 40000.00 USD Million in 2020, according to our econometric models.