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.