Weekly Report - 11 October 2005

MEXICO | Record surplus in the oil trade balance. High world oil prices were the main (but not the only) factor that boosted Mexico's export earnings from oil and oil products to US$19.9bn in the first eight months of the year. This, set against imports of oil products and natural gas, resulted in a surplus of US$14.7bn in the country's oil balance; 26% greater than last year's and the highest on record.