Mexico Posts Trade Surplus in September

In September of 2013, Mexican trade balance turned into a surplus of 659 million USD, from 210 million USD last year, due to an annual 7.2 percent rise in exports.

Exports increased to 31.4 billion USD, from 29.3 billion USD in the same month last year. Oil exports accounted for USD 4.04 billion, down by 11.7 percent year-on-year. Non-oil exports increased 10.7 percent yoy, mainly due to a 23 percent increase in automotive sales.

Non-oil exports to the United States increased 14 percent yoy while shipments to the rest of the world shrank by 0.5 percent.

Imports rose 5.7 percent year-on-year to 30.7 billion USD. Imports of consumer goods rose 10 percent while those of capital goods decreased 3.2 percent. 

Mexico Posts Trade Surplus in September

Joana Taborda |
10/25/2013 4:25:16 PM