In December 2018, the merchandise trade balance of Mexico recorded a trade surplus of $ 836 million dollars, a balance that is compared with the deficit of three million dollars observed in the same month of 2017.
Mexico registers a trade surplus of one billion 836 million dollars in December
The National Institute of Statistics and Geography (INEGI) reported that this surplus is the result of exports of 37 billion 529 million dollars in December, with an annual increase of 4.3 percent, and imports of 35 billion 693 million dollars, with a reduction annual 0.8 percent.
By 2018, the trade balance showed a deficit of 13 billion 704 million dollars, which compares with the 10 billion 968 million dollars reported in 2017, according to timely foreign trade information.
He pointed out that this evolution was the net result of a greater surplus of the balance of non-oil products, which went from seven billion 341 million dollars in 2017 to nine billion 485 million dollars in 2018.
As well as an increase in the deficit of the balance of oil products, from 18 billion 309 million dollars in 2017, to 23 billion 190 million dollars in 2018.
The agency explained that the value of merchandise exports in December 2018 amounted to 37 billion 529 million dollars, an amount higher by 4.3 percent than the same month of 2017, result of a 6.0 percent advance in non-oil exports and a drop of 16.8 percent in the oil companies.
By type of merchandise, he pointed out that last December extractive exports increased 16.6 percent, manufacturing grew 6.5 percent, while agriculture and fishing decreased 6.8 percent in its annual comparison.
By 2018, the value of total exports reached 450 billion 572 million dollars, a figure that was integrated by non-oil exports by 420 billion dollars and oil by 30 billion 572 million dollars.
In annual terms, in 2018 total exports grew 10.1 percent, this rate was a reflection of increases of 8.9 percent in non-oil exports and 29 percent in oil exports, he added.
"The INEGI reported that the value of merchandise imports last December was 35 billion 693 million dollars, which represented an annual fall of 0.8 percent."
When considering imports by type of good, an annual growth of 1.4 percent was observed in intermediate goods, while 4.0 percent in capital goods and 9.7 percent in consumer goods.
Thus, during the past year, the value of total imports was 464 billion 277 million dollars, an amount higher by 10.4 percent than that observed in 2017, and in its interior, non-oil imports increased at an annual rate of 8.5 percent. percent, while oil companies increased by 28 percent.
via am noticias