Mexico Trade Surplus Narrows in March
Mexico trade balance recorded a surplus of USD 155 million in March of 2016 down 67 percent from a USD 470 million surplus year earlier as exports fell more than imports. Considering the first quarter of 2016, exports fell 5.8 percent and imports decreased by 3.8 percent.
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Exports decreased by 7.5 percent to USD 31.6 billion as non-oil sales fell 5.4 percent and oil shipments declined by 39.6 percent. Within non-oil exports, manufactured goods shrank (-6.5 percent) while agricultural goods (+14.3 percent) and mining goods (+11.2 percent) increased. Exports to the US fell by 4.2 percent and for the rest of the world decreased by 11.1 percent.