Macro Analysis /
Global

Mexico: Trade balance – Supply chain disruptions kept impacting flows in August

  • August’s trade balance posted a US$3.9bn deficit, surprising lower. Annually, exports grew 9.0% with imports at +43.3%

  • Sequentially, both exports (-4.6% m/m) and imports (-3.4%) contracted, suggesting an impact on activity in the period

  • Trade remains in a difficult position, as COVID-19 continues affecting supply chains

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
27 September 2021
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