Given the zero growth in exports and the fall in imports, Mexico’s trade balance reported a deficit of 578.9 million dollars during September, revealed the National Institute of Statistics and Geography (Inegi).
In the first nine months of 2024, the trade balance, an economic record that lists the difference that exists between the goods sold abroad and the goods acquired from other countries, presented a deficit of 11.17 million dollars. In the same period of 2023, the deficit was 9,926 million dollars.
The weakness of automotive manufacturing exports, which fell 7.4 percent annually in September, as well as the collapse of oil companies, stood out in the Trade Balance report. Thus, the value of merchandise exports reached 49,626 million dollars, a figure made up of 47,740 million dollars of non-oil exports and 1,886 million dollars of oil exports.
Thus, total exports remained at a similar amount to the same month of the previous year, which resulted from a 44.9 percent decrease in oil exports and a 3.3 percent increase in non-oil exports.
Within non-oil exports, those directed to the United States advanced 5 percent at an annual rate and those channeled to the rest of the world fell 5.2 percent.
In September 2024, with seasonally adjusted figures, total merchandise exports showed a monthly decrease of 0.97 percent. This was due to drops of 0.38 percent in non-oil exports and 14.30 percent in oil exports.
For their part, imports of capital goods fell 4.5 percent. Thus, the value of merchandise imports, in September 2024, was 50,205 million dollars, an amount that implied an annual drop of 1.8 percent. This originated from a 33.8 percent decrease in oil imports and a 1.4 percent increase in non-oil imports.
When considering imports by type of good, there were annual decreases of 5.3 percent in imports of consumer goods, 0.7 percent in intermediate use goods, and 4.5 percent in capital goods.
In September and with seasonally adjusted data, total imports had a monthly reduction of 5.70 percent, reflecting decreases of 5.86 percent in non-oil imports and 3.06 percent in oil imports. By type of good, there were monthly decreases of 2.41 percent in imports of consumer goods, 6.90 percent in intermediate use goods and 0.79 percent in capital goods.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘
fbq(‘init’, ‘133913093805922’);
fbq(‘track’, ‘PageView’);
fbq(‘track’, ‘Contact’);
fbq(‘track’, ‘Donate’);
fbq(‘track’, ‘FindLocation’);
fbq(‘track’, ‘Lead’);
fbq(‘track’, ‘Search’);
fbq(‘track’, ‘Subscribe’, {value: ‘0.00’, currency: ‘MXN’, predicted_ltv: ‘0.00’});
fbq(‘track’, ‘ViewContent’);
#Trade #balance #reports #deficit #million #dollars #Inegi
–
