In April, vital manufacturing exports grew 12.3% to reach 40,851.3 million dollars, with an increase of 5.2% in the automotive sector.
The Inegi highlighted that of non-oil exports -which represented 92% of the total- those directed to the United States grew 14.8%, while those channeled to the rest of the world did so by 2%.
The United States is Mexico’s largest trading partner and the destination of 80% of its exports.
Meanwhile, the increase in imports in April compared to the same month in 2021 was led by the acquisition of intermediate goods, which are used to manufacture other products, and which grew 23.9% to 39,226 million dollars.
Mexico’s economy, the second largest in Latin America after Brazil, grew 5% in 2021 after contracting 8.5% in 2020 as a result of the coronavirus pandemic.
For this year, private analysts, who regularly survey Banco de México (Banxico), expect the economy to grow 1.7%, well below the government forecast of 3.4%.
