In August, Mexico exports fell by 1% and imports rose.

Release time：2024-09-30
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Overseas sales fell by 26.6% in August. Oil, accounting for 3.3% of the automobile industry; As long as they Imports increased by 5.7%.

In August, the total export volume reached US$ 519.15 million, down 1.0% year-on-year, while the import growth rate was 5.7%, reported by the National Institute of Geography and Statistics (Inegi).

The export value includes $49.666 billion in non-oil exports and $2.249 billion in oil exports.

According to Inegi's report, oil exports decreased by 26.6% in August, while non-oil exports increased by 0.6%.

In August 2024, after seasonal adjustment, the total export volume of goods decreased by 2.77% every month, which was due to the decrease of non-oil exports by 2.71% and the decrease of oil tankers by 4.07%.

Among non-oil exports, the manufacturing industry increased by 47.431 billion US dollars, an increase of 0.6%.

It is worth noting that the total export of automobiles was US$ 16.358 billion, down by -3.3% year-on-year, and non-automobile exports reached US$ 31.073 billion, up by 2.8%. On the other hand, agricultural exports reached $1.431 billion, down 2% compared with the same period last year. In the case of extractive industries, exports reached $80.3 billion, up 3.8% compared with the same period last year.

The import volume of commodities was 56.784 billion US dollars, with an annual growth rate of 5.7%. Non-oil imports increased by 8.8%, while oil imports decreased by 26.0%. By commodity type, the import of intermediate goods increased by 8.2%. Imports of consumer goods fell by 1.3%, and imports of capital goods fell by 2.6%.

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