Mexico: Trade deficit unchanged in August
Merchandise trade recorded a USD 2.6 billion deficit in August unchanged from the shortfall registered in August 2017. The result was, however, slightly smaller than the USD 2.9 billion shortfall recorded in July.
Behind the result was solid export growth which grew 10.0% year-on-year (July: +14.2% yoy). Import growth, meanwhile, moderated notably from 17.6% in July to 9.4% in August.
The 12-month trailing trade deficit was unchanged at July’s USD 13.8 billion in August, considerably wider than the USD 9.5 billion deficit recorded in August 2017.