Exports from Mexico rose 2.2 percent year-on-year to USD 40430 million in August 2019, as non-oil exports increased 4.6 percent driven by higher sales of manufacturing (3.7 percent), namely automotive products (9.7 percent), mining metallurgy (7.2 percent), food, alcoholic & beverages (5.5 percent), professional & scientific equipment (3.2 percent), and machinery & equipment for industries (2.9 percent). In addition, sales went up for agricultural products (35.6 percent), boosted by vegetables (160.5 percent), avocado (66 percent) and onion & garlic (33.6 percent); and mining (1.4 percent). Oil exports declined 29.1 percent. The country exported 1.082 million barrels of crude oil per day, lower than 1.181 million barrels a year earlier while the price was USD 50.37 per barrel, $13.79 below the price in August 2018. Non-oil exports to the US advanced 4.1 percent, as both auto sales (8.4 percent) and others (1.8 percent) increased. Sales to the rest of the world rose 6.8 percent. Exports in Mexico averaged 14352.19 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.