Mexico: Trade surplus surges in March
May 10, 2012
In March, the trade balance reached a surplus of USD 1.58 billion, which nearly tripled the revised USD 458 million surplus observed in February (previously reported: USD 442 million surplus). The robust reading nearly doubled the USD 800 million surplus expected by market analysts and represents the largest trade surplus in over 10 years. Exports added 3.4% over the same month last year, marking the slowest pace of growth since October 2009 and well below the 16.3% increase recorded in February. Imports followed suit and moderated from a 15.9% rise in February to a 3.1% increase in March.