Exports from Mexico increased 3.5 percent year-on-year to USD 33730 million in February 2019. Non-oil exports rose 3.8 percent, led by higher sales of manufacturing (4.0 percent), of which food, alcohol and beverages (13.2 percent) and machinery and equipment (12.4 percent). Additionally, sales of mining advanced 4.1 percent. Meanwhile, sales of agricultural products declined (-1.0 percent), namely mangoes (-46.5 percent), citrics (-28.8 percent) and avocado (-23.4 percent). Also, oil exports fell 0.7 percent. The country exported 1.475 million barrels of crude oil per day, higher than 1.451 million barrels a year ago while the price was USD 55.76 per barrel, $0.45 below the price in February 2018. Non-oil exports to the US went up 4.6 percent, of which auto sales (3.1 percent) and others (5.4 percent). Sales to the rest of the world advanced 0.7 percent. Exports in Mexico averaged 14083.66 USD Million from 1980 until 2019, 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.