Weekly Report - 30 January 2014 (WR-14-04)

MEXICO | Trade deficit. The Mexican economy closed 2013 with a trade deficit of US$1bn, much higher than the US$46m deficit reported in 2012, the national statistics institute (Inegi) reported on 27 January. On Inegi’s figures, Mexico’s total exports in 2013 amounted to US$380.2bn, 2.6% higher than in 2012; while exports totalled US$381.21bn, 2.8% higher than in 2012. According to Inegi, the result came about as a result of a reduction in the trade surplus on oil products which fell from US$11.75bn in 2012 to US$8.71bn in 2013, a 25.8% reduction. However, this was mostly mitigated by a 17.5% reduction in the non-oil trade deficit which went from US$11.79bn in 2012 to US$9.72bn in 2013.

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