Mexico Posts Trade Surplus in June

In June of 2013, Mexican trade balance turned into a surplus of USD 855 million, up from USD 470 million deficit in May and USD 615 million surplus in the same month last year. Exports increased 2.5 percent year-on-year due to higher demand from the US, while imports grew at a slower pace of 1.7 percent.

In June of 2013, exports increased to 31 billion USD, from 30 billion USD in the same month last year. Oil exports accounted for USD 3.7 billion, up by 0.4 percent year-on-year. Non-oil exports increased 4.8 percent yoy, mainly due to a 9.6 percent increase in automotive shipments, which offset a 4.9 percent drop in exports of agricultural products. 

Non-oil exports to the United States increased 4.9 percent yoy while shipments to the rest of the world shrank by 4.4 percent. 

In June of 2013, imports rose to 30 billion USD, from 29.6 billion USD a year earlier. Oil imports increased 1.3 percent year-on-year while non-oil imports rose 1.8 percent. By commodity, imports of consumer and intermediate goods rose 5.2 percent and 1.8 percent respectively, while those of capital goods dropped again by 3.3 percent.

In the first six months of 2013, both exports and imports showed annual increases of 0.6 percent and 3.4 percent, respectively, resulting in a deficit of USD 1.86 billion.

 Mexico Posts Trade Surplus in June

Joana Taborda |
7/26/2013 4:03:18 PM