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Mexico Marks 7-Year High Export Rate

(Photo courtesy of Pixabay - CC0)
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MEXICO CITY— Mexico is one of the top commercial partners of the United States and, in June, registered a significant record increase in its world exports.

The total value of Mexican exports last month was $31.9 billion. Mexican merchandise exported around the world reached a 6.15 percent monthly increase.

It was, in fact, its highest rate in almost seven years—since August 2009— according to recent data published by the National Statistics Institute of Mexico.

The United States is still the top business partner with Mexico. Between January and June of this year, the U.S. imported 83 percent of Mexico’s exports that are not related to oil production, such as agricultural products, automotive and other goods.

These non-oil related exports from Mexico to the U.S. decreased 4 percent in June on a yearly rate, mainly impacted by a contraction on the U.S. imports on the automotive industry.

According to the U.S. Trade Office, in 2015, goods and services trade with Mexico totaled an estimated $583.6 billion. Exports from the U.S. to Mexico were of $267.2 billion in 2015, while imports were about $316.4 billion.

The same year Mexico was the United States' third largest supplier of goods imports and the second largest goods export market.

Mexico is also considered Arizona’s largest trading partner. The Arizona-Mexico Commission reports the total trade between Arizona and Mexico during 2015 was of $16.8 billion.

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Rodrigo Cervantes is KJZZ’s bureau chief in Mexico City, where he was born and raised. He has served as opinion writer, contributor and commentator for several media outlets and organizations in Mexico and the United States, including CNN, Georgia Public Broadcasting and Univisión. Cervantes previously worked as the business editor and editorial coordinator for El Norte, the leading newspaper in Monterrey and a publication of Grupo Reforma, Mexico’s premier news group. In Mexico City, Cervantes served in Reforma as a reporter, special correspondent, editor and special sections coordinator. Cervantes also held the editor position at MundoHispánico, a division of The Atlanta Journal-Constitution and Georgia’s oldest and largest Latino newspaper. He also participated as one of the first members of the Diversity Advisory Group for Cox Media. In 2012, Cervantes was appointed as fellow for the Leadership Program of The New York Times/Nieman Foundation for Journalism at Harvard, as well as for the "Líderes Digitales" program from the International Center for Journalists. In 2010, he was awarded with the Poynter-McCormick Leadership Fellowship. Cervantes graduated with honors in communication sciences and journalism from the Instituto Tecnológico de Monterrey (ITESM), Mexico City Campus. Later, he was granted the Fundación Carolina Scholarship from the Spanish government to obtain an MBA degree at San Pablo-CEU School of Business (Madrid). Other awards include: the Power 30 Under 30 Award for Professional and Community Excellence in Atlanta, the Outstanding Alumni Medal from ITESM, and several José Martí Awards for Journalism Excellence from the National Association of Hispanic Publications (NAHP). Cervantes enjoys music, books, travel, friendship, good mezcal and the occasional company of his guitar.