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Mexico runs up $2.7 billion trade deficit in August

Thursday, September 28, 2017


Mexico registered a wider-than-expected $2.73 billion trade deficit in August as imports of petroleum and other goods outpaced gains in factory exports.

Total exports rose 10.3 percent from the year-earlier month to $35.78 billion, while imports were 12.2% higher at $38.51 billion, the National Statistics Institute said Wednesday. The deficit was larger than the $1.65 billion median estimate of economists polled by The Wall Street Journal, and brought the accumulated shortfall for the first eight months of the year to $7.16 billion.

Source: Dow Jones