Mexico Registers $199 Million March Trade Surplus

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By Anthony Harrup

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MEXICO CITY–Mexico posted a $199 million goods trade surplus in March, with exports up 20.9% from a year earlier at $52 billion and imports 12.7% higher at $51.8 billion, the National Statistics Institute said Wednesday.

Manufactured goods exports rose 19.9% ​​from March of 2021, to $45.22 billion, including an 18.9% increase in vehicles and auto parts. Exports of steel, food and beverages, machinery and electronics were also sharply higher.

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Petroleum exports rose 67.6%, to $3.57 billion, the result of higher oil prices which averaged $100 a barrel for Mexican crude. Petroleum imports, which include gasoline, diesel and natural gas, fell 13.8%, to $5.67 billion,

Imports of goods used in production processes rose 16.8% excluding petroleum, to $37.33 billion, and capital goods imports rose 13.3%, to $4.04 billion. Imports of consumer goods, excluding fuels, were up 22.9% at $4.76 billion.

The March surplus brought the first-quarter trade balance to a deficit of .
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79 billion, with a $5.82 billion petroleum deficit partially offset by a $1.02 billion surplus in nonpetroleum goods trade.

Write to Anthony Harrup at [email protected]

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Credit: www.marketwatch.com /

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