Exports from Mexico declined 1.2 percent year-on-year to USD 38961 million in March 2019. Non-oil exports went down 1.2 percent, mainly due to lower sales of manufacturing (-0.9 percent), namely machinery and equipment for agriculture & livestock (-28.1 percent), steel products (-9.1 percent), and electrical & electronic equipment (-6.4 percent), plastic & rubber (-3.8 percent). Also, sales decreased for agricultural products (-5.6 percent), of which onion & garlic (-51 percent), sea products (-48.6 percent), and fresh fruit (21.3 percent); and mining (-4.6 percent). Additionally, oil exports fell 2.0 percent. The country exported 1.150 million barrels of crude oil per day, lower than 1.176 million barrels a year earlier while the price was USD 58.91 per barrel, $3.46 above the price in March 2018. Non-oil exports to the US rose 1.0 percent, led by auto sales (6.1 percent). Sales to the rest of the world decreased 10.1 percent. Exports in Mexico averaged 14136.47 USD Million from 1980 until 2019, 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 37500.00 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 35800.00 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.