Mexico: Merchandise exports grow at a milder pace in November
Merchandise exports rose 2.0% in annual terms in November, on the heels of October’s 5.6% rise. Meanwhile, merchandise imports were broadly stable, rising just 0.4% in annual terms in November (October: +1.8% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.6 billion surplus in November (October 2023: USD 0.3 billion deficit; November 2022: USD 0.1 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 8.7 billion deficit in November, compared to the USD 9.5 billion deficit in October.