Mexico Trade Balance Swings to Deficit

Mexico recorded a USD 749 million trade gap in June of 2015 compared to t a USD 385.6 million surplus a year earlier, driven by a surge in consumer imports.

Imports jumped 4.7 percent to USD 34.59 billion, driven by a 21.7 percent surge in purchases of capital goods while those of consumption and intermediate goods increased 2.4 percent and 3 percent respectively. 

Exports rose 1.2 percent year-on-year to USD 33.84 billion in June, driven by a 6.8 percent rise in non-oil sales while oil shipments fell 41 percent. Among non-oil sales, exports of agricultural goods went up 10.7 percent, manufacturing rose 11.5 percent and mining increased 13.9 percent. Shipments to the US rebounded 8.5 percent, following a 2.9 percent drop in May while those to the rest of the world shrank 0.6 percent.

Considering the first six months of 2015 together, exports fell 2.1 percent and imports rose 0.2 percent over the same period of 2014, thus widening the country’s trade deficit to USD 4.05 billion. 

Mexico Trade Balance Swings to Deficit

Joana Taborda |
7/27/2015 2:31:09 PM