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Mexico has a trade surplus of US $ 5,547 million in June

Mexico registered a trade surplus of $ 5.547 million, a balance that compares with the surplus of $ 2.541 million obtained in the same month of 2019.

In the first six months of this year, the balance presented a trade surplus of $ 2,659 million, reported the Inegi.

The Commercial Balance of Merchandise of Mexico (BCMM) aims to provide information that allows knowing the commercial exchange of merchandise that Mexico carries out with the rest of the world and that serves as input for the System of National Accounts, the calculations of the Balance of Payments and programs related to statistical linkage.

In the sixth month of this year, the value of merchandise exports reached $ 33,076 million, a figure made up of $ 31,818 million from non-oil exports and $ 1,258 million from oil companies.

Thus, in the reference month, total exports showed an annual decrease of 12.8%, which was the result of reductions of 1.6% in non-oil exports and 35.6% in oil exports.

Within non-oil exports, those directed to the United States fell at an annual rate of 7.9% and those channeled to the rest of the world did so by 28 percent.

With seasonally adjusted figures, in the sixth month of 2020 total merchandise exports reported a monthly increase of 75.57%, which was the result of increases of 76.93% in non-oil exports and 49.67% in oil exports.

Trade surplus

The value of merchandise imports in June 2020 was $ 27.53 billion, an amount that implied an annual variation of 22.2 percent.

This figure was a reflection of decreases of 18.2% in non-oil imports and 55.4% in oil imports.

When considering imports by type of good, annual falls of 43.6% were observed in imports of consumer goods, 19.6% in those of intermediate-use goods and 12.3% in those of capital goods.

In general, the trade balance is the total monetary quantification of purchases and sales of goods from the country abroad, in a given period and is part of the Balance of Payments.

The balance has a trade surplus when total exports exceed the monetary value of imports, and it is in deficit when total imports exceed the monetary value of exports.

 

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