Mexico Exports

Exports from Mexico jumped 12.6% year-on-year to USD 41,352 million in October 2018, with non-oil sales, which represented around 93.5% of total exports, increasing by 12.3% to USD 36,667 million. Sales went up for machinery & special equipment for diverse industries (31.1%); food, beverages & tobacco (20%) and automotive products (14.5%). On the other hand, sales of agricultural & fishing goods declined 1.7%, namely avocado (-41.7%); coffee in grain (-38.9%) and frozen shrimp (-32.4%). Oil exports surged 17.8% to USD 2,685 million in October. The country exported 1,027 million barrels of oil a day, lower than the 1,342 million recorded in the corresponding month of 2017. Crude oil prices rose to USD 73.36 a barrel, USD 23.93 more than in October last year. Non-oil shipments to the US increased 13.8%, driven by autos (16.8%) and other products (12.3%) and those to the rest of the world went up 5.6%, as exports of both autos (3.8%) and other products (6.5%) rose. Exports in Mexico averaged 13893.77 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 38500.00 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 37200.00 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2013-02-26	02:00 PM	Exports	$27287M	$30169M

Mexico Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-2936.00	-194.00	1713.32	-4419.83	USD Million	[+]
Current Account	-5081.50	-3074.50	2173.70	-10376.90	USD Million	[+]
Current Account to GDP	-1.60	-2.10	3.40	-6.10	percent	[+]
Imports	44288.19	37999.42	44288.19	647.02	USD Million	[+]
Exports	41352.22	37805.51	41352.22	1225.59	USD Million	[+]
External Debt	445610.20	453548.00	453548.00	0.70	USD Million	[+]
Terms of Trade	50.04	49.25	106.34	43.37	Index Points	[+]
Foreign Direct Investment	4135.00	8729.60	21154.60	-63.90	USD Million	[+]
Remittances	8432.03	9057.60	9057.60	158.70	USD Million	[+]
Tourism Revenues	1945771.78	1873371.79	2362556.54	158919.00	USD Thousand	[+]
Tourist Arrivals	1569.15	1300.69	2682.33	56.59	Thousand	[+]
Gold Reserves	120.30	120.10	125.35	2.55	Tonnes	[+]
Crude Oil Production	1842.00	1865.00	3547.00	1761.00	BBL/D/1K	[+]
Terrorism Index	3.29	3.72	4.51	1.35		[+]
Capital Flows	-17.50	-10.90	12079.70	-3457.70	USD Million	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

Mexico has an export oriented economy. Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Among manufactured products, metallic, machinery and equipment is the major category (69 percent) and automobiles account for around 31 percent of total sales. Other important categories include: electrical and electronic appliances (18 percent) and special equipment for industries (13 percent). Agricultural goods and mining products account for 4 percent and 1 percent, respectively. Mexico's leading export partner is the United States (80 percent), followed by Canada (3 percent), Germany and China (2 percent each). Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). This page provides the latest reported value for - Mexico Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Exports - actual data, historical chart and calendar of releases - was last updated on December of 2018.