México Balança Comercial

Mexico’s trade surplus surged to USD 2.098 billion in March of 2024 from USD 1.195 billion in the same month of the previous year, well above analysts’ expectations of a USD 0.7 billion surplus. Exports declined 5.3 percent from a year earlier to USD 50.752 billion, of which non-oil sales decreased 4.5 percent to USD 48.724 billion, and oil exports tumbled 21.4 percent to USD 2.028 billion. Non-oil exports to the US eased by 4.5 percent, and those to the rest of the world dropped by 13.1 percent. Meanwhile, imports plunged 7.1 percent to USD 48.654 billion on lower oil imports (-39 percent to USD 3.178 billion) and a drop in non-oil purchases (-3.6 percent to USD 45.476 billion).