Mexico Registers US$3 Billion Trade Surplus in November

Mexico registered its sixth consecutive monthly trade surplus in November, according to Mexico’s National Statistics Institute (INEGI).

RIO DE JANEIRO, BRAZIL - The Mexican economy was boosted by exports of raw minerals-metallurgical products, which saw a 24% increase year-over-year, food-beverages-tobacco products (18.8%), and plastic-rubber products (11.4%).

Exports rose 2.3% to US$38.32 billion, compared to the same period in 2019. Imports were down 3.9% to US$35.29 billion for a surplus in goods trade of US$3.03 billion.

Mexico’s production exports of cars and auto parts fell 1.1%, and “was the result of a 0.3% decline in sales to the U.S . . .

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