Mexico’s trade balance posted a US$ 157 million deficit in December, according to the country’s statistics office. A year earlier, the Mexican trade balance had a US$ 11 million deficit.
In December, Mexico’s exports rose 7.9%, reaching US$ 35.825 billion, while imports totaled US$ 35.982 billion, an increase of 8.4% on an annual basis.
Sales of manufactured products excluding vehicles, Mexico’s leading export item, totaled US$ 20.434 in December, increasing 3.3% from a year before. Vehicle exports were 9.3% higher, at US$ 10.747 billion.
Oil imports rose 27.4% in December, to US$ 4.388 billion, while intermediate goods imports excluding oil were 5.5% higher, at US$ 24.189 billion.
The material has been provided by InstaForex Company – www.instaforex.com
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