Mexico: Trade deficit narrows in September
Merchandise trade recorded a USD 0.2 billion deficit in September, down significantly from the USD 1.9 billion shortfall registered in the same month a year ago. Moreover, the result was considerably smaller than the revised USD 2.6 billion deficit recorded in August (previously reported: USD 2.9 billion).
Export growth on an annual basis accelerated to 11.9% from 10.0% in August, boosted by stronger manufacturing gains. Import growth, meanwhile, moderated to 6.4% year-on-year—from 9.4% in August—on sizably weaker consumer-good imports.
The 12-month trailing trade deficit narrowed to USD 12.1 billion from USD 13.8 billion in August.