Mexican exports continue to flourish according to the latest trade forecast by Delta Economics. In particular, sales to Asian nations are looking exceptionally healthy. This year alone, trade with China (its third-largest export partner) will grow by 16.2% year-on-year. There are also positive movements with other Asian countries too; outbound goods going to Japan will see a 10% rise, and with India there will be a 15.7% rise on the previous year. We expect trade with South Korea to improve by 17.2%, with Singapore by 15% and with Hong Kong by 12.5% y-o-y.
Delta Economics has recently written about “re-shoring”, especially in the tech-orientated sectors, and we expect this trend to continue as imports in “parts”, be they for cars, computers or office equipment, grow stronger. These inflows suggest that Mexico is fast becoming the go-to destination for some manufacturing firms by moving operations away from Asia and closer to the largest consumer market in the world: the USA. As a result, exports in Cars will grow by 9%, Computers by 15% and for office machines by 14.5% compared with 2013. For more information, visit Delta Economics.
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