Mexican Trade Balance Swings to Deficit in September

Mexico recorded a trade gap of USD 1,420 million in September of 2015, compared to a USD 481 million surplus a year earlier, as exports declined 5.6 percent while imports remained unchanged.

Exports shrank by 5.6 percent to USD 32,241 million compared to USD 34,146 million in September of 2014, as both oil and non-oil sales dropped by 49.6 percent and by 0.4 percent, respectively. Whithin non-oil exports, those to the US rose by 1 percent, while those to the rest of the world declined by 6.2 percent. The sharp increase in sales of agricultural products (+13.1 percent), was not enough to offset the decline in exports of mining (-1 percent) and manufacturing (-0.7 percent).

Imports barely changed to USD 33,661 million from USD 33,666 million a year earlier, as higher purchases of non-oil products (+2.9 percent) were enough to offset a 26.3 percent drop of oil products imports. When considering imports by type of goods, imports of intermediate and consumer goods showed an annual reduction of 1.4 percent and 0.7 percent, respectively; while imports of capital goods increased by 11.9 percent.

On a seasonally adjusted monthly basis, exports advanced 0.8 percent while imports fell 1.7 percent.

In the first nine months of the year, Mexican trade deficit was recorded at USD 10,521 million compared to a USD 2,019 billion gap in the same period last year, as exports fell by 3.1 percent and imports decreased slightly by 0.2 percent.

Mexican Trade Balance Swings to Deficit in September

INEGI | Joana Ferreira |
10/27/2015 2:31:14 PM