Mexico Trade Deficit $561 Million

Mexico recorded a trade deficit of $783 million in August, above analysts’ forecasts, and took the cumulative deficit for the year through August to $561 million. The value of exports for the period January through August totaled $165.33 billion, up almost 21% year on year. Of these, non-oil exports increased almost 18%, while oil-related exports were up just over 38%. Imports, meanwhile rose almost 18% in value to reach $165.89 billion.