Mexico had last January a trade deficit of 4 thousand 125 million dollarsdata lower than the also negative figure of 6 thousand 278 million dollars for the same month of 2022, the National Institute of Statistics and Geography (Inegi) reported on Monday.
Even so, the Inegi recalled in its report that January’s deficit followed last December’s $984 million surplus.
The monthly change “originated from a decrease in the balance of non-oil products, which went from a surplus of 3,225 million dollars in December to a deficit of 1,287 million dollars in January, and from an expansion of the deficit in the balance of oil products, which went from 2 thousand 241 million dollars to 2 thousand 838 million dollars”, he explained.
Despite the increase in the deficit, total exports in January totaled 42 thousand 590.6 million dollarsan amount 25.6% higher than the same period last year, the agency specified based on original figures.
Oil sales rose 8.9% year-on-year and stood at 2,712.3 million dollars, while non-oil sales grew 26.9% to 39,878.3 million dollars, he detailed.
“Within non-oil exports, those directed to the United States advanced 26.6% at an annual rate and those channeled to the rest of the world, 28.5%”, the Inegi deepened.
Meanwhile, imports totaled 46 thousand 715.7 million dollars, 16.3% more than the amount reported in the same month last year.
Oil purchases grew 20.6% year-on-year, reaching 5,550.6 million dollars, while non-oil purchases increased 15.7%, totaling 41,165.2 million dollars.
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