Mexico sees $984M trade surplus in December 2022, lower than estimates

ISTANBUL

Mexico saw a trade surplus of $984 million in December 2022, lower than market estimates, the country’s statistical authority announced on Friday.

The market expectation for the December figure was to come in at more than $1.1 billion.

The country saw a trade surplus of $603 million in the same month of the previous year, according to the National Institute of Statistics and Geography (INEGI).

The total value of exports reached $49.3 billion in December, up 3.4% from the same month of the previous year, the statistics authority said in a statement.

The value of imports totaled approximately $48.3 billion – an annual increase of 2.6%.

There was an 11.3% increase in oil exports in December, while a monthly increase of 5.1% was recorded in imports of consumer goods.

• Exports
• Imports
• Mexico
• National Institute of Statistics and Geography (INEGI).