MEXICO CITY: Mexico’s oil exports fell 36.8 percent in July relative to the same month of 2014, while the country’s overall trade deficit widened last month to $2.3 billion, the National Institute of Statistics and Geography, or INEGI said.
Total exports amounted to $32.8 billion in July, down 2.6 percent from the same month of last year, the INEGI said in a press bulletin.
Oil exports, which have been hit by a sharp drop in global crude prices, were valued at $2.2 billion while non-oil exports totaled $30.6 billion, the statistics agency said.
Imports, meanwhile, amounted to $35.1 billion in July, up 1.1 percent from the same month of last year.
Oil imports fell 2.1 percent to $3.2 billion, while non-oil imports rose 1.4 percent to $31.9 billion.
Mexico’s trade deficit for the first seven months of this year amounted to $6.3 billion, up from $1.3 billion in the January-July 2014 period.
Exports between January and July 2015 totaled $221.3 billion, down 2.2 percent from the same period of last year.
Oil exports accounted for $15 billion of the total, down 43.2 percent from January-July 2014, while non-oil exports amounted to $206.3 billion, up 3.2 percent.
Mexico’s imports between January and July of this year totaled $227.7 billion, unchanged from that same seven-month period of 2014.
Oil imports amounted to $19.3 billion, down 19.4 percent from last year, while non-oil imports totaled $208.4 billion, up 2.3 percent.
Mexico posted a $2.4 billion trade deficit in 2014, compared to a $1.2 billion deficit the previous year.
