Forex berza

Mexico trade deficit fell to US$559.7 million in September from US$699 billion deficit recorded in the previous month, the statistical office INEGI said Friday. However, economists were expecting the deficit to rise to US$911 million.

Exports increased 20.8% annually to US$25.3 billion in September compared to 37.6% growth in August. At the same time, non-oil exports grew 21.3%, while oil exports climbed 18%. Meanwhile, imports increased 18.5% to US$25.9 billion.

In September, total exports of goods reported a seasonally adjusted monthly decline of 0.78% as a result of declines in oil and non-oil exports. Total imports showed a monthly drop of 1.37%.

For the January to September period, exports and imports grew 33.7% and 31.1% respectively compared to the same period last year. Thus, the cumulative trade balance for the first nine months of the year was US$1.98 billion.