Mexico Exports

Exports from Mexico increased 1.2 percent year-on-year to USD 37949 million in June 2019. Non-oil exports advanced 2.8 percent, boosted by higher sales of manufacturing (2.9 percent), in particular machinery & equipment for industries (13 percent), food, alcoholic & beverages (11.7 percent), automotive products (4.4 percent) and steel products (1.1 percent). Also, sales of agricultural products rose 4.9 percent, namely frozen shrimp (137.8 percent), melon, watermelon & papaya (73 percent), grapes & raisins (72.7 percent) and fresh vegetables (24.7 percent). In contrast, sales of mining dropped 7.3 percent. Oil exports declined 20.4 percent. The country exported 0.995 million barrels of crude oil per day, lower than 1.110 million barrels a year ago while the price was USD 58.33 per barrel, $6.26 below the price in June 2018. Non-oil exports to the US went up 4.1 percent, of which auto sales (6.5 percent) and others (2.8 percent). Sales to the rest of the world fell 2.5 percent. Exports in Mexico averaged 14299.56 USD Million from 1980 until 2019, reaching an all time high of 41825.44 USD Million in May of 2019 and a record low of 1225.59 USD Million in February of 1980.

Exports in Mexico is expected to be 37200.00 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 38000.00 in 12 months time. In the long-term, the Mexico Exports is projected to trend around 41000.00 USD Million in 2020, according to our econometric models.

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Mexico Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	2561.00	1030.71	2561.00	-4642.52	USD Million	[+]
Current Account	-5634.10	-2937.30	2173.70	-10693.30	USD Million	[+]
Current Account to GDP	-1.80	-1.70	3.40	-6.10	percent	[+]
Imports	35388.25	40794.74	44290.89	647.02	USD Million	[+]
Exports	37949.26	41825.44	41825.44	1225.59	USD Million	[+]
External Debt	456251.30	446097.80	456251.30	0.70	USD Million	[+]
Terms of Trade	48.75	49.33	106.34	43.37	Index Points	[+]
Foreign Direct Investment	10162.00	6109.50	20982.80	-63.90	USD Million	[+]
Remittances	9185.62	7699.06	9185.62	158.70	USD Million	[+]
Tourism Revenues	1976639.05	1937163.11	2522955.40	158919.00	USD Thousand	[+]
Tourist Arrivals	2163.38	1835.07	2683.20	56.59	Thousand	[+]
Gold Reserves	119.90	120.00	125.35	2.55	Tonnes	[+]
Crude Oil Production	1698.00	1714.00	3547.00	1647.00	BBL/D/1K	[+]
Terrorism Index	3.53	3.29	4.51	1.35		[+]
Capital Flows	-34.60	-12.40	12079.70	-3457.70	USD Million	[+]
Auto Exports	270.90	320.47	323.63	9.50	Thousand Units	[+]

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Mexico Exports

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 August of 2019.