Exports, in the record and with 19 months of increase over

Mexico exported $ 39,177 million to the world in May, up 10.9% year-on-year, corresponding to 19 consecutive months of annual growth and a record high for a fifth month of the year. # 39; year.

Mexico promoted free trade and integration into global value chains (GVCs), becoming a hub of international trade. Its main exports are cars, trucks, auto parts and computers, while its imports of auto parts, gasoline, electronic integrated circuits and telephones stand out. Compared to May 2017, oil exports increased 73.6% to $ 2,831 million and non-oil exports increased 7.8% to $ 36,346 million. Mexican imports totaled $ 40,764 million in May, for which the country recorded a deficit of $ 1,587 million.

In non-oil external sales, agricultural exports remained unchanged; Mining companies increased by 38.5% and manufacturing companies grew by 7.8%.

According to the Organization for Economic Co-operation and Development (OECD), non-oil exports continue to grow at a rapid pace because of Mexico's high degree of integration. in global value chains. For its part, the collapse in oil prices has reduced government revenues and caused cuts in energy sector investment; However, the tax policy reform promulgated in 2014 offset this effect.

In May 2018, the value of oil exports was $ 2,831 million. This amount was integrated by $ 2.38 billion in crude oil sales and $ 452 million in exports of other petroleum products.

During this month, the average price of the Mexican crude oil blend for export was $ 62.83 per barrel, a figure greater than $ 18.95 compared to the fifth month of 2017. The volume of crude oil exported rose to 1,222 million barrels per day, up from the level of 0.958 million barrels per day in May 2017

Exports of manufactured goods reached a total of 34,258 millions of dollars. The largest annual increases were observed in exports of steel products ($ 39.9), machinery and special equipment for various industries (15.1%), professional and scientific equipment (9.6%), automotive products (5.5%) and electrical and electronic equipment and appliances (2.7%).

In turn, the annual increase in exports of automotive products is attributable to variations of 1.6% of sales in the United States and 25.9% in Canada.

The value of agricultural exports and fishing during the fifth month of the current year was $ 1,541 million. The largest annual promotions were recorded in exports of citrus fruits (60.4%), cucumbers (41.6%), peppers (23.2%), mangoes (20.5%) and edible fruits and fruits (16.8%). 19659002] In contrast, the largest annual decreases were in avocado (-41.5%) and fresh vegetable (-15.6%) exports.

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