Mexico’s exports of manufactured goods, mining, and automotive parts increased in December 2019 on higher demand for these products from the US.
According to the latest data from Mexico’s National Institute of Statistics, Geography, and Informatics (Inegi), mining exports grew by 6.3pc, while automotive products shipments were up 2.7pc. The export of machine equipment for industries also rose by 5.9pc in December 2019.
Inegi indicated Mexico exported $34bn worth of manufactured products in December 2019, up by 2.6pc compared to the same month in the prior year, while shipments of automotive products totaled $11.8bn during the same period.
However, the rising exports in December did little to shore up the Mexican economy that shrank for the first time in a decade in 2019 over uncertainty in economic policies. The economy contracted by 0.1pc in 2019 compared to a growth of over 2.1pc in the previous year, according to Inegi data.