Mexico Trade Balance Swings to Deficit in December

Mexico recorded a trade deficit of USD 927 million in December of 2015, compared to a USD 283 million surplus a year earlier and above market expectations of USD 644 million gap. Exports dropped by 9.3 percent mainly due to lower oil sales, while imports fell at a slower 5.8 percent. For the whole year of 2015, trade gap widened to USD 14460.4 million, from a USD 2849 million a year earlier, as exports fell 4.1 percent while import 1.2 percent.

Exports shrank by 9.3 percent to USD 30,961 million compared to USD 34143 million in December of 2014, as oil sales dropped by 50.8 percent while non-oil rose 6.1 percent. Within non-oil exports, those to the US decreased by 4.5 percent, while those to the rest of the world by 13.3 percent. Exports of agricultural goods fell by 6.9 percent and mining by 0.3 percent. Also, shipments of manufactured products went down by 6.1 percent, as non-automotive sales fell 9.9 percent.

Imports contracted by 5.8 percent to USD 31,887 million from USD 33861 million a year earlier, as purchases of oil products declined by 22.2 percent and non-oil by 4.0 percent. When considering imports by type of goods, imports of intermediate and consumer goods showed an annual reduction of 7.0 percent and 1.9 percent, each. Meantime, imports of capital goods declined by 3.0 percent.

On a seasonally adjusted monthly basis, exports fell 0.87 percent and imports 1.23 percent.

Mexico Trade Balance Swings to Deficit in December

INEGI | Yekaterina Guchshina |
1/27/2016 2:48:54 PM