Macro Analysis /

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

27 September 2021
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