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June 27, 2022
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Mexico records a trade deficit of 2,215 million dollars in May

Mexico records a trade deficit of 2,215 million dollars in May

Imports of consumer goods reached a value of 6,724 million dollars, which represents an annual increase of 43.4%. And, within this category, a 53% increase in the import of oil consumer goods stands out: gasoline, butane gas and propane.

Exports had an annual increase of 22.4% and a monthly increase of 0.91%. While the value of total imports increased 29.1% at the annual rate and 0.42% at the monthly rate, according to the timely estimates of the Inegi.

Exports to the United States grew 21.2% and those channeled to the rest of the world increased 15%, at an annual rate, during May.

With accumulated figures, In the first five months of 2022, the trade balance presented a deficit of 8,987 million dollars. Exports reached a value of 229,537.3 million dollars in this period, which represents an increase of 18.5% in its annual comparison.

“It is the highest on record since the series began in 1991. This is mainly due to the growth in imports of oil products for 7,693.55 million dollars,” said Gabriela Siller, Director of Economic Analysis at Grupo Financiero BASE.

Imports, for their part, increased their value by 23.5% between January and May 2022, compared to the same period in 2021.



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