Last February, Mexico had a trade deficit of 1,844 million dollars with falls in exports, the National Institute of Statistics and Geography (Inegi) reported on Monday.
The negative figure is compared to the surplus of one thousand 286 million dollars in February 2022, although it is a smaller deficit than the four thousand 125 million dollars of last January, according to the autonomous body in its report.
In this way, Mexico accumulates a trade deficit of 5,969.5 million dollars so far in 2023, a year-on-year increase of almost 20 percent.
Only in February, total exports totaled 44 thousand 934.1 million dollars, an amount lower by 2.8% than in the same period last year, the agency specified based on original figures.
Oil sales decreased by 19.2% year-on-year and stood at two thousand 271.6 million dollars, while non-oil sales fell by 1.8% to 42 thousand 662.5 million dollars, he detailed.
“Within non-oil exports, those directed to the United States grew, at an annual rate, 2.2% and those channeled to the rest of the world decreased 17.8%”, the Inegi deepened.
In contrast, imports totaled 46 thousand 778.5 million dollars, 4.1% more than the amount reported in the same month last year.
Oil purchases grew 12.9% year-on-year, settling at four thousand 881.2 million dollars, while non-oil purchases increased 3.1%, totaling 41 thousand 897.3 million dollars.
“When considering imports by type of good, there were annual increases of 15.8% in imports of consumer goods, 0.1% in intermediate use goods and 28.4% in capital goods,” detailed the report. Inegi.
JM
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