Imports from Mexico decrease 6.7% in March

Imports from Mexico totaled $ 35,007 million in March, a 6.7% drop, at an annual rate, the Inegi reported.

This figure reflected variations of (-) 5.1% in non-oil imports and (-) 20.6% in oil imports.

When considering imports by type of good, annual decreases of 11.5% were observed in imports of consumer goods, 4.6% in those of intermediate-use goods and 18.1% in those of capital goods.

With seasonally adjusted series, total imports registered a monthly decrease of 5.18%, which originated from reductions of 4.90% in non-oil imports and 7.77% in oil imports.

By type of good, there were monthly decreases of 9.64% in imports of consumer goods, 3.91% in those of intermediate-use goods and 9.76% in those of capital goods.

Imports by Type of Good

Imports of consumer goods were $ 4,238 million, a figure that translated into an annual reduction of 11.5 percent. This rate was the result of a 9% decrease in imports of non-oil consumer goods and a 17.4% decrease in imports of oil consumer goods (gasoline and butane and propane gas).

For its part, in March 2020 intermediate-use goods were imported for a value of $ 27,991 million, a level 4.6% lower than that reported in March 2019. In turn, this annual decrease originated from falls of 2.9% in imports of non-petroleum intermediate use goods and 22.3% in petroleum intermediate use products.

Regarding capital goods imports, in the reference month they registered 2,777 million dollars, which implied an annual decrease of 18.1 percent.

Import Structure

The structure of the value of imports in the first quarter of 2020 was as follows: intermediate use goods 78.4%, consumer goods 13.1% and capital goods 8.5 percent.