Mexico Posts Trade Surplus in October

Mexican trade balance turned into a USD 143 million surplus in October of 2014 from a USD 135 million deficit a year earlier as exports hit a new record high.

Exports grew 5.7 percent year-on-year to USD 37.086 million. Oil sales fell 21 percent while non-oil exports rose 9.7 percent, boosted by a 24.9 percent rise in agriculture and 18.6 percent increase in automotive. Shipments to the United Sates rose by 10.4 percent and those to the rest of the wold by 5.6 percent.

Imports increased 4.9 percent year-on-year to USD 36.943 million due to growth in both non-oil and oil purchases (5 percent and 3.5 percent, respectively). Intermediate goods posted the highest gain (+ 5.6 percent), followed by capital goods (+3.5 percent) and consumer goods (+2.4 percent).

Compared with the previous month, Mexican trade surplus narrowed 75.8 percent.

Considering the first ten months of 2014, exports increased 4.7 percent over a year earlier to USD 331.092 million and imports grew 4.2 percent to USD 332.711 million. The country’s trade gap narrowed 48.2 percent to USD 1.619 billion.

Mexico Posts Trade Surplus in October

INEGI | Carolina Cunha |
11/26/2014 4:14:31 PM