Mexico’s exports will grow by 5.3% in 2014 according to the Delta Economics latest trade forecast. This compares well to other MINT countries; Nigeria’s exports will similarly grow by 5.3% and Turkey’s by 5.7%. Indonesia’s is higher at 9.6% but much of this is accounted for by commodity rather than technology exports.
Delta forecasts that Mexico’s export growth in August alone is expected to be 8% higher year-on-year compared to 12 months ago. Mexican exports of mechanical appliances and electrical machinery will bounce back in July-August after taking a hit in May-June 2014. Exports of electrical machinery are forecast to increase by 5.7% in August 2014, month-on-month presenting a near 12% growth compared to this time last year. Given the strong technology component of this sector, the growth has to be positive news for Mexico’s IT sector.
For more information, visit Delta Economics.
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