By Juan Montes
MEXICO CITY – Mexico registered a $1.37 billion trade deficit in August, smaller than the $5.7 billion deficit a year earlier as exports rose and imports fell.
Exports last month were up 3.8% from August 2022 at $52.36 billion, while imports fell 4.3% to $53.73 billion, the national statistics agency said Wednesday.
Petroleum exports were down 4.6% from August of 2022 at $3 billion on lower crude oil prices, while petroleum imports fell 37% to $4.7 billion. The $1.7 billion petroleum deficit was partially offset by a $354 million surplus in non petroleum trade.
Exports of manufactured goods rose 4.3% to $47.15 billion, with auto exports up 11%. Mining exports increased 12.6% to $774 million.
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