Mexico’s exports grew by 4.88 percent in August compared to July, marking the third month in a row of growth after dropping due to the novel coronavirus (covid-19) pandemic, the National Institute of Statistics and Geography (Inegi) said on Monday, Sept. 28.
Exports totaled $37.047 billion in August compared to $35.324 billion the previous month, according to seasonally adjusted figures.
Meanwhile, imports rose 7.01 percent in August compared to July, to $30.55 billion, the independent body said in its monthly report.
The difference resulted in a surplus in Mexico’s trade balance of $6.497 billion in August.
Mexico’s exports saw their biggest drops so far this year in April and May, due to lockdown measures aimed at containing the spread of the coronavirus.
Between January and August, Mexico shipped 82 percent of its non-oil exports to the United States, its main trading partner, according to Inegi.
…Sept. 29, 2020