Mexico Trade Balance Swings To Surplus In December

Mexico recorded a trade surplus of USD 28 million in December of 2016 compared to a trade gap of USD 715 million a year ago, as exports advanced more than imports.

Exports jumped 6.6 percent to USD 33,232 million as oil sales climbed 49.9 percent and non-oil sales rose 4.9 percent . By sector, sales increased for agricultural products (+11.9 percent); mining (+2.1 percent) and manufacturing (+4.6 percent). Within non-oil exports, those to the US rose 3.5 percent and to the rest of the world went up 11.6 percent.

Imports advanced 4.2 percent to USD 33,204 million as non-oil purchases increased 1.9 percent while oil products jumped 28.9 percent. Among sectors, imports rose for intermediate goods (6.8 percent)  while fell for consumer goods (-5.2 percent) and capital goods (-0.8 percent). 

On a seasonally adjusted basis, exports rose 4.1 percent and imports increased further by 7.2 percent.

Considering full 2016 year, the trade gap narrowed 10.1 percent year-on-year to USD 13,135 million as exports shrank 1.9 percent and imports declined 2.1 percent 

Mexico Trade Balance Swings To Surplus In December

INEGI l Luisa Carvalho |
1/26/2017 3:36:50 PM