Mexico: Merchandise exports flatline in September
Latest reading: Merchandise exports were broadly stable on an annual basis in September (August: -1.0% year-on-year), as a plunge in oil exports outweighed growth in non-oil exports. Meanwhile, merchandise imports declined 1.8% on an annual basis in September (August: +5.7% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.6 billion deficit in September (August 2024: USD 4.9 billion deficit; September 2023: USD 1.5 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 6.6 billion deficit in September, compared to the USD 7.5 billion deficit in August.