LatinNews Daily - 30 October 2023

In brief: Mexico’s trade deficit up in September

* Mexico’s national statistics institute (Inegi) has released new figures which show that in September the country registered a trade deficit of US$1.48bn, an increase on the deficit of US$910m recorded in the same month in 2022. This is up from a deficit of US$1.38bn in August and US$881m in July. In the first nine months of 2023, the trade deficit was US$10bn, significantly lower than the US$25.65bn in the same period in 2022. The report showed that in September, exports totalled US$49.66bn, with US$46.2bn coming from non-oil exports and US$3.45bn from oil exports. This represented a 5.1% decrease in total exports compared to the previous year. Non-oil exports to the US dropped by 6.4%, while those to the rest of the world decreased by 2.5% year-on-year. Seasonally adjusted figures indicated a 0.31% monthly growth in total exports, driven by a 13.01% increase in oil exports. In September, imports amounted to US$51.14bn, reflecting a 3.9% annual decrease. This was due to a 31.7% reduction in oil imports and a 0.2% increase in non-oil imports. Seasonally adjusted data showed a 1.67% monthly increase in total imports, with a 1.24% increase in non-oil imports and a 6.26% increase in oil imports.

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.