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Mexican Exports Soared to a Record $52 Billion in September Led by Booming Autos

  • Trade deficit narrows more than expected to $895 million
  • Manufacturing sector responsible for majority of growth
Bayerische Motoren Werke AG (BMW) Series 3 vehicles outside the company's manufacturing facility in San Luis Potosi, Mexico, on  Wednesday, April 21, 2021. BMW Group Plant San Luis Potosi started operations in 2019 with the production of the new generation of the BMW 3 Series. The plant currently employees 2,800 workers.
Bayerische Motoren Werke AG (BMW) Series 3 vehicles outside the company's manufacturing facility in San Luis Potosi, Mexico, on Wednesday, April 21, 2021. BMW Group Plant San Luis Potosi started operations in 2019 with the production of the new generation of the BMW 3 Series. The plant currently employees 2,800 workers.Photographer: Mauricio Palos/Bloomberg
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Mexico’s exports soared by to a record of more than $52 billion in September, led by an auto sector that is rebounding from supply chain problems. 

Exports rose by more than 25% from a year earlier, the national statistics institute said Thursday, helped by the ongoing recovery in the US, which has boosted demand in Mexico’s industrial northern states. Imports rose 21% over the same period.