LatinNews Daily - 30 November 2020

* Mexico’s national statistics institute (Inegi) has released the latest figures on Mexico’s balance of trade, according to which the country posted a US$6.22bn trade surplus in October this year. This compares with a US$688m trade deficit in October 2019, and also represents an increase on the US$4.39bn surplus recorded in September this year. Mexico exported US$41.95bn worth of goods in October, of which US$40.66bn were non-oil exports, and US$1.28bn were oil exports. According to Inegi, Mexico’s overall exports grew by 2.9% year-on-year in October, with non-oil exports to the US increasing by 4.7%, and to the rest of the world by 3.2%. Meanwhile, the total value of imports fell by 13.8% year-on-year in October, to US$35.72bn. In January-October this year, Mexico accumulated a trade surplus of US$25.18bn, with exports totalling US$336.19bn (down 12.6% on last year) and imports US$311.01bn (-18.8%).

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