Mexico: Trade balance–Higher imports,still with no evidence of shocks from China
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The trade balance registered a US$1,884.1mn deficit in April, as prices, including oil, remained high
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Exports and imports rose 0.9% and 5.2% m/m, each. In the latter, we note an increase in capital and intermediate goods
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We see more challenging conditions for trade, considering shocks from Chinese lockdowns and the ongoing war in Ukraine
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