Mexican Exports Increased by Nearly 30% Through August, Led by Computer Equipment
Non-automotive manufacturing, led by computer equipment and servers, drove the increase as exports rose 29.3% in the first eight months, INEGI said.
- Mexican exports grew at an annual rate of 40.4% in August, according to the national statistics agency INEGI, reaching a record $549.4 billion during the January-August period.
- Non-Automotive manufacturing, led by a surge in computer equipment sales, has replaced the automotive industry as Mexico's top export driver, rising more than 63% in August.
- Mexico relies heavily on the United States, which buys 84.7% of non-oil exports, while depending on suppliers in Asia—Taiwan, China, Malaysia, South Korea, Vietnam, and Thailand—for critical computer components.
- Imports increased 34.2% in August and 26.8% through the first eight months, yet Mexico maintained a trade surplus of $605.4 million in August and $9.86 billion for the year.
- El Imparcial columnist Eduardo Ruiz Healy argued that because Mexico imports components to assemble and export equipment, a significant portion of the value of each server is generated outside the country.
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Mexico’s international trade continues to grow at double digits. In August, exports rebounded 40.4 percent annually and imports did 34.2 percent, reported the National Institute of Statistics and Geography (Inegi). As a result, the country’s trade surplus totaled 605 million dollars in that month.
It increases trade surplus to 9,000 860 million dollars until August, the highest since 2020.
Between the moderation in the dynamics of the exports of the non-oil side and the fall in the oil goods, the total value of the sales abroad slowed strongly its pace of advance in August at a monthly rate. In the country, during the eighth month of this year, the total export of the country recorded an increase of just 1.23 per cent per month compared to 9.39 per cent in July, according to seasonalized figures of the National Institute of Statis…
Mexico City, Sep 28 (EFE).- Mexico recorded a trade surplus of $605.4 million in August, with an annual increase of 40.4% in exports, despite a 2.2% drop in automotive sales abroad, reported Monday by the National Institute of Statistics and Geography (Inegi).The result supposes [...] The entry Mexico reports a trade surplus of 605.4 million dollars in August was first published in HolaNews.
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