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.