Mexico’s ports handled 8% more containers than a year earlier in February, the eighth straight month of growth. That was the result of a growth in exports of 16% for Pacific coast ports and 27% for Gulf coast ports, both of which outperformed the national export expansion of 8% in dollar terms. The fastest growing port was Veracruz, which maintained its number one spot ahead of Manzanillo for a fourth month. It completed expansion works in 2016, and growth during February was the result of an increase in exports of food products. The Lazaro Cardenas port, which ‘only’ grew by 18%, but may accelerate in March given the completion of initial expansion works by Maersk’s APM Terminals.
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