Exports from Mexico surged by 14.7% over a year to USD 54.789 billion in July 2024, driven by higher shipments of non-oil products (+16.2%), notably mining goods (+33.7%), as well as agricultural (+16.9%) and manufactured products (+15.9%), of which non-automotive (+21.1%). Sales directed to the US grew by 18%, while dispatches channeled to the rest of the world rose by 7.1%. Conversely, oil shipments slipped by 10.2% to USD 2.5 billion. source: Instituto Nacional de Estadística y Geografía (INEGI)
Exports in Mexico averaged 17660.56 USD Million from 1980 until 2024, reaching an all time high of 55670.93 USD Million in May of 2024 and a record low of 1225.59 USD Million in February of 1980. This page provides the latest reported value for - Mexico Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Exports - data, historical chart, forecasts and calendar of releases - was last updated on September of 2024.
Exports in Mexico is expected to be 50450.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Exports is projected to trend around 59466.00 USD Million in 2025, according to our econometric models.
Mexico Exports
Mexico has an export oriented economy. Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (7 percent). Among manufactured products, metallic, machinery and equipment is the major category (59 percent) and automobiles account for around 29 percent of total sales. Mexico's leading export partner is the United States (72 percent), main exports to the US are in the automotive industry (83 percent).
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 54788.60 | 48870.66 | 55670.93 | 1225.59 | 1980 - 2024 | USD Million | Monthly |
