Mexico Trade Gap Narrows In May


Mexico trade deficit narrowed by 52.6 percent year-on-year to USD 527 million in May of 2016 from a USD 1113.3 million gap a year earlier as exports rose, while while imports fell. Considering the first five months of the year, exports decreased by 5 percent while imports dropped 2.9 percent.

Year-on-year, exports increased 0.3 percent to USD 31.3 billion as non oil shipments rose 2.6 percent mainly due to manufacturing (+2.4 percent) and agricultural goods (+8.5 percent) while mining goods fell (-10 percent). Imports went down by 1.6 percent to USD 31.9 billion due to lower purchases of intermediate goods (-0.8 percent), consumer goods (-4 percent) and capital goods (-4 percent). 

On a monthly basis trade gap narrowed from a USD 2080 million deficit in April.

Mexico Trade Gap Narrows In May


INEGI | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
6/27/2016 4:00:55 PM