Mexico Trade Balance Swings to Surplus in November


Mexico recorded a trade surplus of $0.2 billion in November of 2016 compared to a trade gap of $1.6 billion a year ago, as exports advanced more than imports.

Exports jumped 11.1 percent to $34.47 billion as non-oil sales rose 11.3 percent while oil sales increased 6.8 percent. Also, sales advanced for agricultural goods (+31 percent); mining (+28.6 percent); and manufacturing (+10.3 percent). Within non-oil exports, those to the US increased 9.1 percent while to the rest of the world went up 8.9 percent.

Imports advanced 5.1 percent to $34.3 billion as non-oil purchases advanced 3.7 percent while oil products jumped 23.9 percent. Imports rose for intermediate goods (+7.8 percent) and capital goods (+1 percent) while fell for consumer goods (-5.1 percent). 

On a seasonally adjusted basis, exports rose 3.7 percent and imports increased 1.4 percent.

Mexico Trade Balance Swings to Surplus in November


INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/23/2016 3:13:16 PM