Automotive industry led growth in exports last year. Automotive industry led the growth in exports.

Exports hit record of $410 billion last year

They were up 9.5% over 2016, the biggest increase since 2011

Last year was a good one for trade as exports reached a record US $409.5 billion.

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Exports grew 9.5% over 2016, the highest growth rate since 2011, and reduced Mexico’s trade deficit to $10.88 billion, the smallest in three years.

Imports were up 8.6% to $420.37 billion.

Exports of manufactured products were up 8.5%, for a total of $364.5 billion led by the automotive industry, which saw double-digit growth of 11.8%. Agricultural exports were 8.9% higher at $15.97 billion.

In comparison, the export of all other manufactured goods grew by 6.8%.

The figures were reported by the National Institute of Statistics and Geography (Inegi) and the Bank of México, which said that between January and November last year, automotive exports represented 35% of all manufactured goods exported.

Machinery, specialized equipment and other metal products represented 23% of the total.

Appliances were 20% while food, beverages and tobacco represented 5% of all exports.

Source: Televisa (sp), Fox Business (en)

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  • WestCoastHwy

    Now, please tell your readers who has profited on these increase exports, not Mexicans. If it wasn’t for foreign capital investment, including trade marks, the use of foreign intelligent properties, foreign agricultural investment and knowledge, and Carlos Slims monopoly on Mexican stock and Carlos Slims companies that augment said foreign participation, Mexican economy would be a donkey show!

    • owl905

      The only donkey show around here is your comment … and it only accounts for the southern end of the donkey.

      • WestCoastHwy

        Please elaborate. I’m always offended by dim-witted people.

        • owl905

          If you can’t figure out that your comment is a burro, there’s no ‘elaboration’ that would or could help with your own dim-wit.

          • WestCoastHwy

            I’m sorry, your dim-witted understanding of my point is very south of the end of the donkey!

          • owl905

            You just literally confirmed that you didn’t understand a previous comment. You really are a good little bigot.

          • WestCoastHwy

            little bigot instead of a big bigot, your so diminishing!

          • owl905

            You’re just plain stupid.

          • WestCoastHwy

            you are trolling me. WTF, why don’t you get your own comment (life) and move on, ignoramus!

          • owl905

            No. You’ll find your ignorant comments are the troll dung, and they deserve the response they received.

          • WestCoastHwy

            :::::::What’s up TROLL! Spilling your ,”What an ignorant comment,” sh*t around? F*ck off and keep to your own comments dick!

  • owl905

    Those are good numbers. Mexico has harnessed a manufacturing labor force that could help follow the growth path of places like Japan, Korea, and even India.

    • WestCoastHwy

      What reality are you in? Oh, you must be invested in the Mexican stock market or a Maquiladora. The Mexican economy is foreign investment from Japan, Korea, China, Germany, Spain, France, Italy, USA…..etc. Mexico as a stand alone economic power…LMMFAO!

      • owl905

        You’re just a sick idiot living in the 20th century.

        • WestCoastHwy

          “sick idiot”, wow, you are an angry one, who did you wrong?

          • owl905

            Not angry at all. As usual, the weak ones think there’s an emotional angle they can exploit.

          • WestCoastHwy

            So you do have something in common with Herr Hitler!

          • owl905

            Nope. You couldn’t even spin that piece of vomit right.

          • WestCoastHwy

            You have serious issues TROLL! Go away and let me comment in peace you piece of sh*t!

          • owl905

            You’re the one with the ignorant troll comments. No, your comments get the attention they deserve.

          • WestCoastHwy

            “””””””What’s up TROLL! Spilling your ,”What an ignorant comment,” sh*t around? F*ck off and keep to your own comments dick!

  • Mike S

    Mexican economy is on the move. Now if they can just get a handle on organized crime, tourism and foreign investment would soar. Amazing what you can do without a $800 billion annual corrupt defense budget with 700 military bases and carrier groups scattered around the world.

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