Mexico’s exports to emerging markets will pick up in September according to Delta Economics’ August trade forecast. The USA continues to be the largest recipient of Mexican exports, taking up more than two-thirds of outbound goods. Exports with China and Brazil are expected to grow by 17% and 15.7%, respectively, in September compared to the same period a year ago. This could signal a recovery from the taper panic seen throughout the emerging economies this time last year.
Delta Economics forecasts impressive growth in Mexico’s tech-heavy sectors like Telecom equipment, where exports to France will rise by 27%, the UK +26% and Japan +20%, on the previous year. Computers will see exports to Canada up 23%, USA +15% and China +15% on a year ago. Automotive exports will improve, too, with Canada seeing a 42% year-on-year rise, followed by Italy with a +25% and China with a +21% rise. This follows the trend that major markets are seeing a continued rise in the PC replacement cycle; and the automotive exports to Canada supports the flat year for automotive sales in the US.
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