Mexico Trade Gap Widens in April

Mexico trade balance recorded a deficit of USD 2079.6 million in April of 2016 up from a USD 85.3 million gap a year earlier as exports fell more than imports. Considering the first four months of the year, exports decreased by 6.4 percent while imports dropped 3.2 percent.
INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com 5/25/2016 3:28:51 PM
Exports decreased by 7.8 percent to USD 30.4 billion as non oil shipments fell 6.3 percent mainly due to manufacturing (-7 percent) while agricultural goods (+7.3 percent) and mining goods (+1.6 percent) increased. Oil exports decreased by 30.8 percent. Imports went down 1.7 percent to USD 32.5 billion as purchases of non-oil products (-1.1 percent); intermediate goods (-0.9 percent); capital goods (-4.1 percent); and oil products (-7.6 percent) fell.

On a monthly basis trade balance swung from a USD 155 million surplus in March.

Mexico Trade Gap Widens in April