Mexico Posts Trade Deficit in August


Mexican trade balance turned into a USD 1.12 billion deficit in August of 2014. It is second consecutive monthly shortfall and compares with a USD 0.22 billion gap a year earlier. Exports rose at a slower pace than imports hurt by a drop in oil sales.

Exports rose 2.1 percent year-on-year to USD 33.36 billion. Oil sales shrank 10.6 percent while non-oil exports increased 4 percent. Shipments to the United States rose 7.2 percent and those to the rest of the world fell 8.4 percent. 

Imports advanced by an annual 4.8 percent to USD 34.48 billion in August. Purchases of intermediate goods rose the most on the year (6.3 percent), followed by imports of consumption goods (0.6 percent) while those of capital goods dropped 0.3 percent. 

Mexico Posts Trade Deficit in August


Joana Taborda | joana.taborda@tradingeconomics.com
9/26/2014 2:10:02 PM