Year-on-year, exports increased 1.2 percent to USD 37949 million in June. Non-oil exports advanced 2.8 percent, boosted by higher sales of manufacturing (2.9 percent), in particular machinery & equipment for industries (13 percent), food, alcoholic & beverages (11.7 percent), automotive products (4.4 percent) and steel products (1.1 percent). Additionally, sales of agricultural products rose 4.9 percent, namely frozen shrimp (137.8 percent), melon, watermelon & papaya (73 percent), grapes & raisins (72.7 percent), fresh vegetables (24.7 percent) and peppers (19.6 percent). In contrast, sales of mining dropped 7.3 percent. Oil exports declined 20.4 percent. The country exported 0.995 million barrels of crude oil per day, lower than 1.110 million barrels a year ago while the price was USD 58.33 per barrel, $6.26 below the price in June 2018.
Non-oil exports to the US went up 4.1 percent, as both auto sales (6.5 percent) and others (2.8 percent) increased. Sales to the rest of the world fell 2.5 percent.
Imports decreased 7.8 percent to USD 35388 million, mainly due to lower purchases of consumption goods (7.1 percent), of which non-oil (-5.7 percent) and gasoline, butane & propane gas (-9.7 percent); intermediate (-6.2 percent), as both oil (-23.5 percent) and non-oil (-4.2 percent); and capital goods (-21.2 percent).
On a seasonally adjusted basis, Mexico trade surplus widened to USD 1459 million in June from USD 984 million in May. Exports declined 3.76 percent month-over-month and imports dropped a faster 4.78 percent.