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Mexico registers high deficit in June trade balance

México, déficit, comerio, junio
Mexico City, Jul 28 (Prensa Latina) Mexico's trade balance recorded a deficit of 6.37 billion dollars in June, the National Institute of Statistics and Geography (INEGI) reported in a communique on Thursday.

INEGI pointed out that this is the highest negative result in the year and the seventh consecutive monthly deficit.

According to the monthly report on international merchandise trade with seasonally adjusted figures, Mexico’s deficit accelerated, to reach 3.88 billion dollars in May.

INEGI explained that the increase between May and June was the result of a greater deficit in non-oil products, which went from 489 million dollars in May to 1.63 billion dollars in June, and also an increase in oil products, from 3.40 billion dollars to 4.74 billion dollars.

It added that the seasonally adjusted total exports showed a monthly increase of 1.31 percent in June 2022, which originated from the growth of 0.95 percent in non-oil exports and 5.62 percent in oil exports.

In the first six months of 2022, the trade balance presented a deficit of 12.94 billion dollars.