Mexican Trade Deficit Narrows In August
In August of 2013, Mexican trade deficit decreased to 234 million USD, from 982 million USD last year, due to a 3.2 percent rise in exports.
9/26/2013 4:00:08 PM
In August of 2013, exports increased to 32.7 billion USD, from 31.6 billion USD in the same month last year. Oil exports accounted for USD 4.19 billion, down by 13 percent year-on-year. Non-oil exports increased 6.1 percent yoy, mainly due to a 16.6 percent increase in automotive sales.
Non-oil exports to the United States increased 8.1 percent yoy while shipments to the rest of the world shrank by 1.3 percent.
Imports rose 0.8 percent year-on-year to 32.9 billion USD. Imports of consumer and intermediate goods rose 4.2 percent while those of capital goods decreased 4.8 percent.