LOGO
LOGO

Economy And The Numbers

Mexico's Trade Balance Turns To Surplus In September

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Mexico's merchandise trade balance turned to a surplus in September from a deficit last year, preliminary data released by statistical office Inegi showed Thursday.

The trade balance was a surplus of $234 million in September, compared to a deficit of $1.87 billion in the same month last year. Economists were looking for a deficit of $1.34 billion for September.

Export of goods increased 1.8 percent on an annual basis to $29.3 billion during the month. The growth reflected an 1.2 percent increase in non-oil exports and 5.4 percent rise in the oil exports.

The value of imports, meanwhile, decreased by 5.1 percent year-on-year to $29.07 billion. Oil imports and non-oil imports decreased by 30.2 percent and 1.1 percent respectively.

Month-on-month, seasonally adjusted exports were broadly unchanged in September, while imports decrease by 1.44 percent.

In the January-September period, the trade balance was a surplus of $2.12 billion. Exports and imports advanced by 6.3 percent and 5.1 percent respectively from the corresponding period of last year, data showed.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19