Automotive sectors pushes exports up again
Mexico City.- Last April Mexican exports added to US$31.042 billion, pushed up by the automotive sector, which helped reach 11.6% year-to-year increase, according to the Mexican Statistics Agency, Instituto Nacional de Estadistica y Geografia (INEGI).
Automobiles sales abroad posted 19.6% year-to-year increase, after totaling US$7.396 billion. Imports also went up 12.1% and reached US$30.482 billion; therefore; Mexico had a surplus of US$560 million.
The previous month, March, Mexican exports went up 3.4% only, the lowest increase in 29 months, amidst global deceleration of international trade.
Economic groups interviewed by Banco de Mexico forecast that the value of non-petroleum exports will go up 10.8% in 2012, petroleum exports will do 6.1% and goods imports are expected to grow 10.5%.
Source: El Economista | Date: 30/05/2012