Mexican exports set a record in May

The value of exports of manufactured products was 49,587 million dollars, an increase of 4.5% at an annual rate.

The most important advances were observed in exports of machinery and special equipment for various industries (12.6%), in professional and scientific equipment (10.8%), in electrical and electronic equipment and appliances (10.2%), in plastic and rubber products (7.1%) and in automotive products (1.2%).

Regarding exports of automotive products, there was a 5.7% increase in sales to the United States and a 20.4% drop in sales to other markets.

Meanwhile, the value of oil exports was made up of 2,145 million dollars of crude oil sales and 1,023 million of other oil products.

The value of agricultural and fishing exports was 2,088 million dollars, an amount that implied an annual drop of 0.6%.

Mexico registers trade surplus

In May the trade balance registered a trade surplus of 1,991 million dollars, a figure that is compared to the deficit of 99 million dollars in the same month of 2023.

Exports were 55,671 million dollars and imports were 53,680 million.

Regarding imports, the amount implied an annual increase of 1.4%.

The structure of the value of imports was as follows: intermediate use goods, 75.1%; consumer goods, 14.7%, and capital goods, 10.2%.