Mexico City. The country’s trade balance observed a deficit of 4,868 million dollars in August 2024, a dynamism that was explained by a decline in exports of one percent compared to the same period of the previous year, the National Institute of Statistics reported this Friday. and Geography (Inegi).
According to timely information on the country’s foreign trade, the deficit balance in the exchange of oil and non-oil merchandise in Mexico was greater than that reported in the eighth month of 2023, which stood at 1,278 million dollars.
Between January and August 2024, the nation’s trade balance presented a deficit of 10,438 million dollars, a figure that is higher than the 8,428 million dollars registered in the same period last year.
The value of total exports was 51,915 million dollars in the eighth month, an amount that showed a decrease of 1.0 percent compared to the same period last year. Compared to July, they fell 2.77 percent.
This dynamism was explained by the value of exports of oil merchandise, which was 2,249 million dollars, a figure that meant a drop of 26.6 percent at an annual rate, while in its monthly variation it fell 4.07 percent.
Mexico’s non-oil exports were valued at 49,666 million pesos, a figure that translated into a slight growth of 0.6 percent compared to August of last year, but a contraction of 2.71 percent monthly.
Within non-oil exports, those directed to the United States advanced 2.2 percent at an annual rate and those channeled to the rest of the world fell 7.7 percent.
The value of imports in August stood at 56,784 million dollars, an amount that represented an advance of 5.7 percent compared to the same period in 2023, while compared to July they showed an increase of 3.37 percent.
This behavior is due to the fact that the value of trade in non-oil merchandise was 53,251 million dollars in the eighth month of the year, an amount that showed an increase of 8.8 percent compared to the same period in 2023, while in its variation monthly observed an increase of 3.24 percent.
Oil imports totaled 3,532 million dollars, a figure that translated into a drop of 26.0 percent at an annual rate, while compared to the seventh month of the year they observed an increase of 5.39 percent.
Internally, the value of imports of consumer goods in the eighth month of the year was 8,148 million dollars, data that showed a drop of 1.3 percent at an annual rate, due to the 49.8 percent drop in oil merchandise. .
The acquisition of intermediate goods from abroad totaled 43,564 million dollars, an amount that represented an advance of 8.2 percent.
Imports of capital goods were 5.07 billion dollars, which translated into a decrease of 2.6 percent compared to August 2023.
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– 2024-10-03 09:54:32
