{"id":1758,"date":"2012-07-02T13:19:09","date_gmt":"2012-07-02T17:19:09","guid":{"rendered":"https:\/\/www.datamyne.com\/blog\/?p=1758"},"modified":"2022-05-04T13:00:38","modified_gmt":"2022-05-04T17:00:38","slug":"mexicos-exports-fuel-gdp","status":"publish","type":"post","link":"https:\/\/www.datamyne.com\/knowledge-center\/markets\/mexicos-exports-fuel-gdp\/","title":{"rendered":"Mexico\u2019s Exports Fuel GDP"},"content":{"rendered":"

With growth outpacing Brazil, no change in Mexican economic policy forecast<\/strong><\/p>\n

The New York Times took sidebar note<\/a> of Mexico\u2019s fast-growing economy during its coverage of June\u2019s Group of 20 meeting.<\/p>\n

Mexico\u2019s economy grew faster than Brazil\u2019s last year and it is on pace to beat its Latin American rival this year. Putting the brakes on the Brazilian economy: consumer debt, a strong real depressing industrial production, weakening demand in key export markets (especially China) and the falling price of key export products (especially commodities).<\/p>\n

On the other hand, Mexico is exporting record quantities of televisions, cars, computers and appliances, replacing some Chinese imports to the US.<\/p>\n

As the NYTimes points out, the countries pursue distinctly different policies, with Mexico opting for open markets, free trade and deregulation, while Brazil relies on government intervention through state-controlled companies. Each has felt the impact of China\u2019s rise in distinctly different ways. For Mexico, China is a competitor, taking from its share of the US market. For Brazil, China is a major customer for its raw materials.<\/p>\n

Mexican President-elect Enrique Pe\u00f1a Nietro campaigned on a promise to maintain macroeconomic policies similar to those of outgoing President Felipe Calderon, while targeting annual economic growth of 6% (compared to the current 3-4%). He has proposed opening up Pemex to private investments, with Brazil\u2019s Petrobras as a model. He would also deepen ties with the US and the EU, while pursuing trade with China, Japan and India.<\/p>\n

Here\u2019s a quick look at Mexico\u2019s exports in the first quarter (click on the table to enlarge):<\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

Update: <\/em><\/strong>Here\u2019s news of another positive indicator for Mexico: it is one of a handful of countries that stepped up manufacturing from May to June. The others: Hungary, India, Indonesia, Ireland, and Turkey. Austria, China, and Russia expanded factory activity in the same period, but at a slower rate than previously. See this list at the\u00a0Wall Street Journal<\/a>.\u00a0Overall, the JPMorgan Manufacturing Purchasing Managers\u2019 Index (PMI), on which the WSJ list is based, fell to a three-year low of 48.9 in June (when the PMI is below 50, factory activity is contracting).<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are Mexico’s top 10 exports and export destinations in 1st quarter 2012, compared to 2010-11. Mexico’s economy is outpacing Brazil’s, thanks to exports.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[533,1024,1025,1027,1215],"class_list":["post-1758","post","type-post","status-publish","format-standard","hentry","category-markets","tag-enrique-pena-nietro","tag-mexican-economy","tag-mexican-exports","tag-mexico","tag-pmi"],"yoast_head":"\nMexican Exports Fuel Its GDP<\/title>\n<meta name=\"description\" content=\"Exports Fuel | Here are Mexico's top 10 exports and export destinations in 1st quarter 2012, compared to 2010-11. Mexico's economy is outpacing Brazil's, thanks to exports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.datamyne.com\/knowledge-center\/markets\/mexicos-exports-fuel-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mexican Exports Fuel Its GDP\" \/>\n<meta property=\"og:description\" content=\"Exports Fuel | Here are Mexico's top 10 exports and export destinations in 1st quarter 2012, compared to 2010-11. Mexico's economy is outpacing Brazil's, thanks to exports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.datamyne.com\/knowledge-center\/markets\/mexicos-exports-fuel-gdp\/\" \/>\n<meta property=\"og:site_name\" content=\"Descartes Datamyne\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Datamyne\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-02T17:19:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-04T17:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.datamyne.com\/wp-content\/blogs.dir\/1\/files\/2012\/07\/Mexicos-Top10-Export-Destinations-1st-Quarter-2010-2012.jpg\" \/>\n<meta name=\"author\" content=\"Descartes Datamyne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@datamyne\" \/>\n<meta name=\"twitter:site\" content=\"@datamyne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Descartes Datamyne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/\"},\"author\":{\"name\":\"Descartes Datamyne\",\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/#\\\/schema\\\/person\\\/9e32f14c7ef04ec4218e41fd793d1264\"},\"headline\":\"Mexico\u2019s Exports Fuel GDP\",\"datePublished\":\"2012-07-02T17:19:09+00:00\",\"dateModified\":\"2022-05-04T17:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/\"},\"wordCount\":362,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.datamyne.com\\\/wp-content\\\/blogs.dir\\\/1\\\/files\\\/2012\\\/07\\\/Mexicos-Top10-Export-Destinations-1st-Quarter-2010-2012.jpg\",\"keywords\":[\"Enrique Pe\",\"Mexican economy\",\"Mexican exports\",\"Mexico\",\"PMI\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/\",\"url\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/\",\"name\":\"Mexican Exports Fuel Its GDP\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.datamyne.com\\\/knowledge-center\\\/markets\\\/mexicos-exports-fuel-gdp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.datamyne.com\\\/wp-content\\\/blogs.dir\\\/1\\\/files\\\/2012\\\/07\\\/Mexicos-Top10-Export-Destinations-1st-Quarter-2010-2012.jpg\",\"datePublished\":\"2012-07-02T17:19:09+00:00\",\"dateModified\":\"2022-05-04T17:00:38+00:00\",\"description\":\"Exports Fuel | Here are Mexico's top 10 exports and export destinations in 1st quarter 2012, compared to 2010-11. 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