Mexico: Trade Deficit Shrinks

Mexico posted a $181 million trade deficit for March, its lowest in 11 months. The country had exports worth $17.33 billion, up 4.4% year-on-year. Imports were $17.52 billion, up 4.5%. Exports of oil and oil-related products jumped 41% to $2.5 billion, while manufactured goods were worth $14.6 billion. Mexico’s total trade deficit in the first three months of 2005 came to $1.8 billion.