Mexico runs up $2.7 billion trade deficit in August
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