Mexico Trade Balance Swings to Deficit

Mexico posted a USD 1076 million gap in November of 2014 compared with a USD 316 million surplus a year earlier as imports rose at a faster pace than exports.

Exports increased 2.1 percent year-on-year to USD 32329 million, driven by a 4 percent rise in non-oil sales. Shipments of agricultural products recorded the highest increase (8.9 percent), followed by manufacturing (4 percent) while mining sales dropped 6.3 percent. Oil exports shrank 13.2 percent in value terms while volume rose 2.5 percent.

Imports increased 6.5 percent to USD 33405 million. Oil purchases surged 22.8 percent and non-oil imports rose 4.8 percent.

On a seasonally adjusted basis, exports fell 4.8 percent from October while imports went up 0.56 percent.

Considering the first eleven months of 2014, both exports and imports increased 4.4 percent over a year earlier. The country’s trade gap narrowed 4.1 percent to USD 2695 million.

Mexico Trade Balance Swings to Deficit

Joana Taborda |
12/26/2014 2:28:32 PM