Buoyant Exports Drive Down Mexican Trade Deficit

Mexico’s booming exports last year helped to narrow the country’s trade deficit to $7.56 billion, a drop of just over 14% compared with 2004. Mexico’s total exports in 2005 were up 13.7% year on year to $213.7 billion, helped by a buoyant automotive sector exporting to the US. In general, the non-oil sector was up by over 10% during the year, while the high price of crude oil helped to keep oil export figures healthy. Imports rose 12.4% year on year to $221.3 billion.