Mexico's merchandise trade surplus increased from last year in March, and surpassed economists' forecast, data released by statistical office INEGI showed Friday.
The trade surplus advanced to $1.575 billion in March from $1.457 billion in the same month last year. Economists were looking for a surplus of $804 million.
Export of goods increased 3.4 percent annually to $32.414 billion during the month. Shipment of petroleum products advanced 1.4 percent annually, while dispatches of non-oil products moved up 3.8 percent.
Imports rose 3.2 percent from last year to $30.840 billion in March. Arrivals of petroleum products climbed 8.3 percent year-on-year, while imports of non-petroleum products moved up 2.5 percent.
In the January-March period, overall foreign trade resulted in a surplus of $1.746 billion, down 8.6 percent from the same period a year earlier. Exports and imports increased 9.6 percent and 10 percent respectively during the three-month period.
by RTT Staff Writer
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