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Mexican exports grew 12.5% in January

Mexican exports amounted to USD$ 30,730 million, 12.5% higher than January 2016, according to the most recent figures released by the Inegi
Mexican exports grew 12.5% in January
Photo: File photo/EL UNIVERSAL
28/02/2018
12:57
Rubén Migueles
Mexico City
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In January, Mexican exports amounted to USD$ 30,730 million, 12.5% higher than January 2017, according to the most recent figures released by the National Institute of Statistics and Geography (Inegi).

Non-oil exports presented an annual increase of 11.6% reaching USD$28,403 million, while foreign oil sales amounted to USD$ 2,327 million representing a 24.1% annual increase.

Non-oil exports to the U.S. in particular, grew 10.1% at an annual rate, while those channeled to the rest of the world increased 18.5%.

Overall, exports reflected a monthly drop of 1.96% due to the 1.35% decrease in non-oil exports and 9.09% decrease in oil companies.

In January, imports to the country reached USD$35,138 million representing an annual increase of 14.1% due to a 14.1% increase in non-oil imports and a 14.8% increase in oil imports.

On an individual basis, there were annual increases in consumer goods (16.9%), intermediate goods (13.0%) and capital goods (18.8%).

Yet, imports reported a 2.45% monthly drop due to the 1.34% decrease in non-oil imports and 11.34% decrease in oil companies.

On an individual basis, there was a monthly drop in consumer goods imports ( -5.39%), intermediate goods (-2.55%), yet it was a 2.64% increase in capital goods.

Overall, these figures indicate a trade deficit of USD$ 4,408 million compared with the USD$3,471 million deficit observed in the first month of 2017.

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