Exports from Mexico went down 2.9% year-on-year to USD 37.5 billion in November of 2019. Non-oil sales declined 1.7% and oil ones fell 21.1%. Within non-oil, biggest drops were recorded for shipments of household metal products (-20.5%); professional and scientific equipment (-9.8%); automotive products (-3.5%) and electrical and electronic devices (-3.3%). In contrast, exports of agricultural and fisheries went up 15%, boosted by fresh strawberries (121.3%), avocados (43.6%), fruit and edible fruits (23.7%), fresh vegetables (23.3%) and tomatoes (4.5%). Sales of mining jumped 21.8%. Non-oil shipments to the US, the biggest export market, shrank 0.7% and to the rest of the world 6.3%. Auto sales to the US declined 1.8% and those to the rest of the world a meagre 0.1%. Considering the first eleven months of the year, exports advanced 2.3% to USD 422.5 billion. Exports in Mexico averaged 14557.77 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. source: Instituto Nacional de Estadística y Geografía (INEGI)
Exports in Mexico is expected to be 39000.00 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 37500.00 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.