As Exports Dip, Mexico Posts Trade Deficit in May Reuters
go to original June 25, 2012

Mexico posted a $267 million trade deficit in May when adjusted for seasonal swings as exports fell 1.56 percent, the national statistics agency said on Monday.

Oil exports fell 10.59 percent last month, in seasonally adjusted terms, while non-oil exports were nearly flat with a 0.03 percent rise that pointed to slackening demand in the United States, Mexico's top trading partner.

Slowing job growth in the United States could crimp the demand for Mexican exports that has so far helped shield Mexico from the global slowdown that has dragged on Brazil.

Imports in May slipped 1.82 percent in seasonally adjusted terms, with non-oil imports down 1.28 percent and oil imports 5.64 percent lower.

The raw trade figure in May was a surplus of $363 million.

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