Mexico Trade Surplus Widens In March

According to a release by the National Statistics Institute, Mexico posted a trade surplus of $1714 million in March.
Duarte Ricardo | 4/26/2013 7:01:37 PM

In March, Mexico´s trade surplus widened 8.8 percent to $1714million from the $1575 million registered in March of 2012, as imports fell more than exports.

In March, Mexico´s exports were worth $31834 million of which $4201 million accounted for oil exports. On a year over year basis, exports decreased 1.8 percent mostly due to 19.8 percent decline in oil exports. Manufacturing exports increased 2 percent to $26065 million, with automative exports rising 9 percent and non-automative exports falling 1.3 percent. Agricultural exports declined 3 percent to $1121 million.

In March, Mexico´s imports were worth $30120 million, a drop of 2.3 percent from March of 2012.

In the first quarter of 2013, Mexico recorded a trade deficit of $1106 million.

Mexico Trade Surplus Widens In March