Mexico Posts Trade Surplus in December

According to a release by the National Statistics Institute, the trade balance in December of 2012 shows a surplus of $962 million in comparison to the $0.6 million deficit in the same month of 2011.

Mexico exports were worth $30.17 billion of which $26.29 billion were due to oil exports. Comparing with December of 2011, exports were up 3.6 percent. Imports were worth $29.21 billion, an increase of 0.3 percent from December 2011.

In 2012, the accumulated trade balance showed a surplus of $163 million, compared with a deficit of $1.47 million in 2011. The evolution of the trade deficit is due to a reduction in the non-oil trade deficit from $15.15 million in 2011 to $11.78 million in 2012.

INEGI | Nuno Fontes |
1/25/2013 2:08:33 PM