Exports in Mexico increased to 50721.08 USD Million in February from 41957.20 USD Million in January of 2024. Exports in Mexico averaged 17333.79 USD Million from 1980 until 2024, reaching an all time high of 53584.09 USD Million in March of 2023 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 49850.00 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.
| Components | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Non Oil Exports | 48098.28 | 39236.50 | USD Million | Feb 2024 |
| Oil Exports | 2622.80 | 2720.70 | USD Million | Feb 2024 |
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Auto Exports YoY | 286.00 | 282.61 | Thousand Units | Mar 2024 |
| Balance of Trade | -584.73 | -4314.65 | USD Million | Feb 2024 |
| Exports | 50721.08 | 41957.20 | USD Million | Feb 2024 |
| Imports | 51305.81 | 46271.85 | USD Million | Feb 2024 |
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 | ||
|---|---|---|---|---|---|---|---|---|
| 50721.08 | 41957.20 | 53584.09 | 1225.59 | 1980 - 2024 | USD Million | Monthly |
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