In January, manufacturing exports, which represented 86% of the total, grew 1.6% annually to add 29,098 million dollars, despite a 20.5% drop in automotive shipments.
Meanwhile, the growth of imports in January compared to the same month of 2021, were led by the purchase of intermediate goods, which rose 16.7% to 31,352 million dollars.
In all of 2021, the trade balance presented a deficit of 11,491 million dollars, while in 2020 a surplus of 34,013 million was registered.
Mexico’s economy, the second largest in Latin America after Brazil, grew 5% in 2021 after contracting 8.5% in 2020 as a result of the coronavirus pandemic.
For this year, private analysts who regularly survey the Bank of Mexico (Banxico) expect the economy to grow 2.2%.
With information from AFP
