Mexico Posts Trade Surplus for the Second Straight Month

In December of 2013, Mexican trade balance turned into a surplus of USD 1.66 billion for the second month in a row. However, considering the whole 2013, the trade deficit widened to USD 1 billion, from USD 0.46 billion recorded in 2012.

In December, exports rose 1.25 percent over November to USD 32 billion. Year-on-year, sales increased 6.4 percent, as oil exports surged 13.3 percent and non-oil shipments rose 5.4 percent. Within non-oil sales, mining exports rose the most (39.2 percent yoy), followed by agricultural products (20.1 percent) and auto manufactured goods (7.7 percent). Sales to the US surged 6.7 percent while those to the rest of the world increased 0.2 percent. 

Imports dropped 2.9 percent over the previous month but surged 4.22 percent over a year earlier to USD 30.44 billion. 

For 2013 as a whole, Mexican exports increased 2.6 percent to USD 380.2 billion and imports rose 2.8 percent to USD 381.2 billion, resulting in a USD 1 billion trade deficit. Oil exports recorded the highest drop (6.2 percent). 

Mexico Posts Trade Surplus for the Second Straight Month

Joana Taborda |
1/27/2014 2:32:30 PM