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Mexico Trade December 2019

Mexico: Exports rebound in the final month of 2019

Exports rose 3.0% year-on-year in December 2019, rebounding from November’s 2.9% dip and putting an end to three consecutive months of falling exports. The upturn was mainly driven by a solid recovery of overseas shipments of manufactured goods.

In contrast, imports slipped 0.3% over the same month of 2018 in December, following the 10.3% plunge logged in November. The softer contraction mainly reflected a weaker decline in the purchase of intermediate goods as well as a rebound in consumer goods imports compared to November.

Meanwhile, the merchandise trade balance recorded a surplus of USD 3.1 billion in December, larger than the USD 1.9 billion surplus logged in the same month of 2018. Moreover, the 12-month rolling trade balance climbed to a USD 5.8 billion surplus in December from a USD 4.6 billion surplus in November.

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