Mexico: Merchandise exports increase at a milder rate in November
Latest reading: Merchandise exports rose 3.7% on an annual basis in November, following October’s 11.2% upturn, supported by higher non-oil exports. Meanwhile, merchandise imports climbed 5.1% over the same month last year in November (October: +9.7% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.1 billion deficit in November (October 2024: USD 0.4 billion surplus; November 2023: USD 0.6 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 6.5 billion deficit in November, compared to the USD 5.8 billion deficit in October.