Mexico overtakes Canada, moves into 12th place among top exporters

Source: El Economista

The value of exports from Mexico increased by 10.1% in 2018 to US $450.92 billion, according to the National Institute of Statistics and Geography (Inegi), while its Canadian counterpart, Statistics Canada, said that Canadian exports totaled US $449.85 billion, an increase of 6.9% compared to 2017.

The biggest contributors to Mexico’s export earnings were cars, petroleum, computers, auto parts, trucks, electrical conductors and televisions.

With total exports of just under US $2.5 trillion, China was easily the world’s biggest exporter last year, according to World Trade Organization (WTO) data. The United States and Germany were the second and third biggest exporters, with total foreign sales of US $1.66 trillion and $1.55 trillion respectively. Japan, the Netherlands, South Korea, Hong Kong, France, Italy, the United Kingdom and Belgium took out positions 4th to 11th.