Mexico Marks 7-Year High Export Rate

By Rodrigo Cervantes
Published: Tuesday, July 26, 2016 - 5:32pm
(Photo courtesy of Pixabay - CC0)

MEXICO CITY— Mexico is one of the top commercial partners of the United States and, in June, registered a significant record increase in its world exports.

The total value of Mexican exports last month was $31.9 billion. Mexican merchandise exported around the world reached a 6.15 percent monthly increase.

It was, in fact, its highest rate in almost seven years—since August 2009— according to recent data published by the National Statistics Institute of Mexico.

The United States is still the top business partner with Mexico. Between January and June of this year, the U.S. imported 83 percent of Mexico’s exports that are not related to oil production, such as agricultural products, automotive and other goods.

These non-oil related exports from Mexico to the U.S. decreased 4 percent in June on a yearly rate, mainly impacted by a contraction on the U.S. imports on the automotive industry.

According to the U.S. Trade Office, in 2015, goods and services trade with Mexico totaled an estimated $583.6 billion. Exports from the U.S. to Mexico were of $267.2 billion in 2015, while imports were about $316.4 billion.

The same year Mexico was the United States' third largest supplier of goods imports and the second largest goods export market.

Mexico is also considered Arizona’s largest trading partner. The Arizona-Mexico Commission reports the total trade between Arizona and Mexico during 2015 was of $16.8 billion.