The National Institute of Statistics and Geography (Inegi) announced on Tuesday that Mexico’s merchandise trade balance for July of this year presented a deficit of 72 million dollars (million dollars) , a balance that is compared to the deficit of 645 million dollars from the same month, but from last year.
This deficit balance consisted of 54,789 million dollars in the value of merchandise exports, and 54,861 million dollars in the value of imports.
The Inegi specified that the export figure in the seventh month of the year was made up of 52,289 million dollars of non-oil exports , and 2,500 million dollars of oil exports.
Thus, total exports had an annual increase of 14.7%, due to a 16.2% growth in non-oil exports and a 10.2% reduction in oil exports.
In its most recent report, the organization reported that exports to the United States increased 18% at an annual rate, and to the rest of the world they also increased 7.1 percent.
From January to July of this year, the value of total exports totaled 354,176 million dollars, which meant an annual increase of 4.3 percent . This was due to the following structure: manufactured goods, 89.2%; petroleum products, 4.9%; agricultural goods, 4.2%, and non-petroleum extractive products, 1.7 percent.
In turn, the value of merchandise imports in July was 54,861 million dollars, which represented an annual increase of 13.3 percent.
Imports of consumer goods amounted to $7,987 million, which represented an annual increase of 16.5 percent. Meanwhile, those of intermediate use goods were worth 41,660 million dollars, 13.3% higher than in July 2023. Imports of capital goods reached 5,213 million dollars, which implied an annual increase of 8.7 percent. hundred.
According to Inegi, the value of total imports in the first seven months of the year was 359,745 million dollars, which meant an amount 3.8% higher than that in the same period of 2023.
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