Mexico exports 18.5% in 2021

Burden Mexican mercantile exports register an 18.5% inter-annual debt increase in 2021, at 494,224.5 million dollars, informs you jueves el National Institute of Statistics and Geography (Inegi).

A la inversa, las Mexico imports worth 505,715.6 million dollars, up 32.1%, at an annual rate.

Consequently, the country has a deficit of 11,491.1 million dollars in its product trade balance.

Also with this, Mexico practically logs a total trade (most export imports) of 1 trillion dollars per first time (999,940.1 million)

Preferably, exports will show a downward trend in the bay, rising 10% in 2018, declining to 2% in 2019 and declining to -9% in 2020, impacted by the Covid-19 pandemic.

In particular, Mexican exports benefited from the passing of tax assessments granted in the United States – as a main destination – to the recent entry into force of the Treated between Mexico, United States and Canada (T-MEC) and the commercial war between United States y China.

On the other hand, its main focus was on the global caricature of semiconductor chips, which returned above all automotive production, with external sales taking place in a large subdivision with an inter-annual turnover of -4.6% in December, at 12,592.5 million dollars.

With everything, the automotive exports will increase 13.8% in 2021, to 139,841.6 million dollars.

In sum, las petroleum exports figures at 465,298.9 million dollars in 2021, a 16.5% advance; while the oil companies totaled 28,925.6 million, logging a crime of 65.4 per cent.

Recently, Mexico’s economic activity has shown a tendency to alza in agriculture, industry and services. This last sector has heterogeneity, with recovery recourse in high-contact sectors, such as the ocean and the hostel, as the activity in some other sectors is at the level of the prevalent levels pandemic.

Among petroleum exports, 7.6% increased agricultural production in 2021 (19,668.2 million dollars), 29% extraction (9,554.8 million) and manufacturers increased 16.7% (436,075.9 million).

In December 2021 and with a series adjusted for stationality, the total export sales report a monthly discount of 0.10%, which is derived from the combination of a contraction of 8.05% in the petroleum exports and a 0.43% increase in oil prices.

Hacia adelante, la Organization for Economic Cooperation and Development (OECD) predicts that the Mexican economy will expand 3.3% in 2022 and 2.5% in 2023, despite declining 5.9% in 2021. Its projection includes that Mexican exports will benefit from the recovery of the United States.

In view of the conformity of imports in 2021, the consumer goods crecieron 34.9% (62,017.6 million dollars), las de good intermediates escalaron 32.7% (403,163.7 million) y las de capital goods superior fueron at 21.8% (40,534.3 million).

With a series adjusted for stationality, total imports will show a monthly advance of 4.86% in December, a result of an increase of 4.72% in oil and 5.99% oil imports.

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