The Exports of Mexico products They grew at an interannual rate of 4.1% in 2024, to 617,099.6 million dollarsthe INEGI reported Monday.
This rise was above of the 3% that the Mexican Business Council of Foreign Trade, Investment and Technology (Comce) and 2.7% of the growth of Mexican external sales in 2023.
In 2024, exports contributed to economic growthif they consider that they had a better result than the increase in the planned GDP of 1.6% by the Bank of Mexico (Banxico), which is the same estimated percentage on average by 41 economic analysis and consulting groups of the private sector in a survey conducted by Banxico himself.
In the opposite direction, the Mexican imports of goods They increased at an annual rate of 4.5%, to 625,311.8 million dollars, which implies a recovery after its 1% drop in 2023.
Therefore, Mexico registered a deficit in your balance 8,212.2 million dollars, reflecting a growth of 50.1 percent.
In a larger retrospect, after the fall of the indicators in the pandemic year of 2020, Mexican exports grew at double -digit rates in 2021 and 2022, while The commercial deficit It was below the peak reached in the last five -year period, of 26,421 million dollars in 2022.
The commercial balance in detail
In breakdown, the growth of exports in 2024 resulted from a 5.2% In non -oil exports and a 14.4% decrease in oil companies.
In 2024, the value of oil exports It was 28,426 million dollars, amount less than 33,194 million dollars that were reported in 2023.
In this regard, the average price of the Mexican export crude oil was $ 70.85 per barrel In 2024, a lower figure at $ 0.33 at the average of 2023. For its part, the volume of exported crude oil was 0.840 million barrels per day, a level lower than 1,062 million barrels per day of 2023.
He import growth In 2024 it was a consequence of an advance of 7.3% of non -oils advanced and a setback of 25.7% of the oil companies.
Inside the Non -oil external salesthe agricultural grew 7.1%, to 23,255.4 million dollars; The extractive ones rose 18.6%, to 10,874.5 million, and the manufacturing ones advanced 4.8%, to 554,443.6 million.
Within manufacturing exports, Automotives Totalized 193,907.2 million dollars (+2.7%, interannual), while non -automotive were 360,536.4 million (+6.1 percent).
In December 2024, discouraged total exports registered a monthly reduction of 2.28%, reflection of 2.17% drops in non -oil exports and 4.52% in oil companies.
Also with unstacted figures, total merchandise imports showed last December a monthly decrease of 2.26 percent. This rate was derived from the combination of a 2.73% reduction in non -oil imports and an increase of 5.03% in oil companies.
