Mexico Posts $339 Million Trade Surplus in November

laht.com

MEXICO CITY – Mexico posted a $339 million trade surplus last month, compared to a trade deficit of $1.28 billion in November 2012, the National Institute of Statistics and Geography (INEGI) said Thursday.

Mexico’s exports in November rose 0.8 percent to $31.70 billion, with oil exports making up $3.64 billion of the total and non-oil exports the remaining $28.06 billion.

The country’s imports, meanwhile, fell 4.1 percent relative to November 2012 to $31.36 billion.

Oil imports totaled $2.95 billion last month, while non-oil imports came in at $28.41 billion.

Exports and imports for the first 11 months of 2013 amounted to $348.10 billion and $350.76 billion, respectively, for a trade deficit of $2.67 billion.

Oil exports declined 7.8 percent from the same 11-month period of 2012 to $45.19 billion.