Mexico reports $1.037 billion trade deficit in June; exports fall 5.7%

As far as the las are concerned exportsin June a value of 48,871 million dollarsa annual drop of 5.7% which was derived from the 4.4% decline in non-oil companies and 26.8% decline in oil companies.

Of the total, $46.756 billion corresponded to non-oil exports and $2.115 billion to oil exports.

Among non-oil exports, those to the United States fell by 5.3% annually and those to the rest of the world fell by 0.1%.

Exports of manufactured goods stood at US$43.766 billion, a year-on-year decrease of 4.9%. The most significant declines were observed in exports of food, beverages and tobacco (12.1%), professional and scientific equipment (8.4%), electrical and electronic equipment and appliances (8.1%) and automotive products (1.4%).

According to Inegi, the annual drop in automotive exports was the result of a 1.8% decline in sales to the United States.

On the side of the Imports, in June their value was 49,908 million dollarsa annual drop of 3.6%.

This is explained by a 1.8% decline in non-oil imports and a 26.3% decline in oil imports.

Considering imports by type of goods, there were decreases of 4.8% in imports of consumer goods, 3.1% in intermediate goods, and 5.6% in capital goods.