Mexico: Trade balance shows surplus for second consecutive month
November 26, 2014
In October, the trade balance reported a surplus of USD 143 million (September: USD 590 million surplus). The result contrasted both the USD 135 million deficit registered in the same month last year and the USD 750 million shortfall the markets had expected. In the 12 months up to October, the sum of the trade surplus totaled USD 322 billion (September: USD 44 billion surplus).
October’s unexpected trade surplus showed that exports totaled USD 37.1 billion, which represented a 5.7% year-on-year increase, which followed the 9.2% expansion tallied in September. Meanwhile, imports came in at USD 36.9 billion, which marked a 4.9% expansion in October, which came in below the 9.6% expansion registered in the previous month.
Author: Ricardo Aceves, Senior Economist