Mexican exports to the United States shot up and hundreds of thousands of factory jobs were created.

Among Mexican exports, silver makes up less than 1 percent.

But while the sinking peso may stimulate Mexican exports, imports seem likely to plunge, perhaps damaging the company's business.

The officials reported a troubling decline in the demand for Mexican exports.

Industrial production is improving and Mexican exports totaled $7.5 billion in March, the highest level ever.

Mexican exports to the United States increased over the year, but so did imports from north of the border.

Mexican exports to Cuba have fallen slightly, from $118.9 million to $100.1 over the same period.

As recently as 1995, following the peso crisis, Mexican exports were about $80 billion a year.

The peso stunted Mexican exports and added to a crushing trade deficit that could approach $30 billion next year.