Mexico Posts Fifth 2013 Trade Surplus in November

In November of 2013, Mexican trade balance turned into a surplus for the fifth time this year and reached USD 339 million, up from a USD 128 million deficit in the previous month and a USD 1278 million deficit a year earlier.

Exports rose slightly by an annual 0.8 percent to 31.7 billion USD, from 31.5 billion USD in the same month last year. Shipments of agriculture products rose the most (15.2 percent yoy), followed by auto manufactured goods (7.7 percent). In contrast, oil exports dropped by 15 percent and mining goods shrank by 9.8 percent. Taking the first eleven months of 2013 together, oil exports fell 7.8 percent yoy and mining shipments decreased 7.4 percent.

Non-oil exports to the United States rose 5.9 percent while sales to the rest of the world continued to drop and declined by 6.1 percent in November. 

Imports fell for the second straight month by an annual 4.17 percent to USD 31.6 billion. Imports of oil dropped the most (-19.9 percent).

In the first eleven months of the year, Mexico trade deficit widened 163.5 percent compared to the same period last year to 2.6 billion USD.

Mexico Posts Fifth 2013 Trade Surplus in November

Joana Taborda |
12/26/2013 2:22:53 PM