Exports from Mexico went up 2.8% year-on-year to USD 38544 million in November of 2018. Non-oil exports increased 3.3%, mainly boosted by sales of manufacturing (4.1%), namely machinery and special equipment (15.8%); professional and scientific equipment (9.7%); food, beverages and tobacco (8.5%) and automotive products (5.6%). On the other hand, sales of agricultural products declined 8.8%, mainly due to coffee in grain (-67.6%); avocado (-38.6%); cucumber (-32.6%); fresh vegetables (-14.7%) and tomato (-6.7%). Shipments of mining dropped 11.9 % and oil sales fell 4.5%. The country exported 1.135 million barrels of crude oil per day, below 1.388 million a year earlier while the price was USD 60.69 per barrel, $7.49 above the price in November of 2017. Non-oil exports to the US increased 4.3%, of which auto sales went up 8.4%. Sales to the rest of the world dropped 0.6%. Exports in Mexico averaged 13946.55 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.