Mexico’s week in review: Exports and gas production hit record highs as patriotic spirit swells
Mexico sent record exports to the United States in July, though the PISA test results and next year's midterm elections sparked more conversations at home. Here's the news you need to know for the week of Sept. 7-11. The post Mexico’s week in review: Exports and gas production hit record highs as patriotic spirit swells appeared first on Mexico News Daily
Mexico's economic week saw exports climb to record highs, reaching US $61 billion in shipments to the United States. This surge brings Mexico's share of the US import market above 18%. Vehicles, auto parts, machinery, medical devices, AI servers, alcoholic beverages, and fresh food like tomatoes are among the exported goods. Meanwhile, domestic concerns included PISA test results and next year's midterm elections.
Despite a 3.26% annual inflation rate, the government aims to shrink the budget deficit to 3.9% of GDP next year. Finance Minister Édgar Amador Zamora outlined a 2027 budget proposal centered around economic growth, protecting government priorities, revenue strengthening, efficient spending, and fiscal discipline. Education and health care saw growth, while security agencies received an 11.6% increase to 331.4 billion pesos.
Meanwhile, Mexico's Olmeca Refinery in Tabasco recorded its most productive month in July, with fuel production averaging 252,498 barrels per day, a 78.8% increase over June.
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