Macro Analysis /
Global

Mexico: Trade balance – Surplus in April with manufacturing strong despite risks

  • April’s balance posted a US$1,500.6 million surplus, with exports up 0.2% m/m and imports with some payback at -8.1%

  • Despite the decline in some categories, we see results as favorable as most of them didn’t reverse March’s increase

  • While trade remains supported by external demand, challenges for faster growth remain due to scarcity of raw materials

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
25 May 2021
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