Mexico Exports Increases

Mexico’s exports totaled $90.8 billion in the first quarter, up 2.9 percent from the same period in 2013, the National Institute of Statistics and Geography, or INEGI, said.

Oil accounted for $11.49 billion of the total, down 10.8 percent from the year-ago period, while non-petroleum exports came in at $79.37 billion, up 5.2 percent, compared to the first quarter of 2013.

Imports totaled $92 billion in the first quarter, up 3 percent from the first three months of 2013.

Petroleum imports hit $10.27 billion in the first quarter, down 2.8 percent, compared to the first quarter of 2013.

Non-petroleum imports totaled $81.7 billion, up 3.8 percent, compared to the first three months of last year.

Mexico posted a trade deficit of $1.19 billion in the first quarter, the INEGI said.

The country had a trade surplus of $1.02 billion in March, when exports totaled $33.31 billion and imports came in at $32.28 billion.

Mexico posted a trade deficit of $1 billion in 2013, well above the deficit of $46 million registered in the prior year, the INEGI said.

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