Mexico has increased its exports at a rate that is more than double that of Brazil in the last decade, both being the largest exporters in Latin America.
Mexico defeats Brazil in exports
Mexican exports of products totaled 451 billion dollars in 2018, an increase of 55% compared to 2008, according to Inegi data.
On the other hand, Brazil's external sales were 240 billion dollars last year, which represents an accumulated increase of 21.2% in the last decade, according to data from the Ministry of Development, Industry and Foreign Trade of that country. .
Mexican external sales were led by cars, auto parts, vehicles for the transport of goods, computers and crude oil oils.
In contrast, the main Brazilian exports included soybeans, crude petroleum oils, iron ores and concentrates, wood pulps to soda or sulphate, and cakes and other solid residues from the extraction of soybean oil.
A recent analysis disseminated by the Getulio Vargas Foundation and the School of Economics of Sao Paulo on Brazilian trade policy analyzed the liberalization process that took place in Mexico.
This opening began in the 1980s and had as its main episode the ratification of the North American Free Trade Agreement with the United States and Canada, in 1994.
Today, Mexico has signed 13 free trade agreements with 52 countries and seven partial scope agreements within the framework of the Latin American Integration Association.