The value of Mexican sales abroad, one of the main engines of the economy, They reported a 2.9% drop in April compared to the same period of the previous year, their second annual drop so far in 2023, reveal the data published by the National Institute of Statistics and Geography (Inegi).
The value of exports of goods reached 46 thousand 224 million dollars in the fourth month of the yeara figure made up of 43 thousand 607 million non-oil exports and 2 thousand 617 million oil exports.
The annual contraction last April was the net result of falls of 0.2% in non-oil exports and -32.8% in oil exports. Within non-oil exports, those directed to the United States grew 0.3% at an annual rate and those channeled to the rest of the world contracted 2.7 percent.
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In the fourth month and with seasonally adjusted figures, total merchandise exports showed a monthly decrease of 2.2%. Result of a 2.4% decrease in non-oil exports and a 1.1% increase in oil exports.
In April 2023, the value of merchandise imports was 47 thousand 733 million dollars, which meant an annual decline of 3.3%. The foregoing resulted from a 27.5% reduction in oil imports and a 0.1% rise in non-oil imports.
When considering imports by type of good, an annual fall of 6.3% was observed in imports of intermediate use goods, an increase of 2.8% in imports of consumer goods and 17.3% in those of capital goods.
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With seasonally adjusted series, total imports showed a monthly increase of 3.5%, the net result of a 4.3% increase in non-oil imports and a 3.8% reduction in oil imports.
By type of good, there were monthly increases of 2.3% in imports of consumer goods, 3.4% in intermediate use goods and 5.5% in capital goods.
Trade balance
According to timely information on foreign trade, last April a trade deficit of 1,509 million dollars was registered, a balance that compares with the deficit of 1,783 million dollars obtained in the same month of 2022.
In this way, in the first four months of 2023, the trade balance presented a deficit of 6 thousand 308 million dollars.
JM
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