Mexico Trade Surplus Narrows in March


Mexican trade surplus shrank to USD 479.8 million in March of 2015 from a USD 948.9 million surplus a year earlier, as imports grew at a faster pace than exports.

Exports went up by 2.7 percent to USD 34,144 million compared with March of 2014. While oil sales fell by 44.3 percent, non-oil exports increased 8.7 percent (mainly to the United States, where shipments grew 10.6 percent). Agricultural products recorded the highest increase (+17.4 percent), followed by manufacturing exports (+8.8 percent). In contrast, mining sales decreased by 20.0 percent.

Imports rose 4.3 percent to USD 33,664 million compared with March of the previous year, as non-oil imports grew by 7.3 percent. Capital goods sales went up by 13.2 percent, while oil intermediate goods dropped the most (-27.2 percent).

Mexico Trade Surplus Narrows in March


INEGI | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/27/2015 2:36:42 PM