Mexico recorded a slight trade surplus in May amid strong manufacturing exports and higher volume of crude-oil sales overseas, according to the National Statistics Institute, or Inegi, report released Friday.
Last month, Mexico's trade surplus was $131.8mn amid economists’ forecast of a surplus of $250mn. The result in May compared with a $460mn trade deficit in the year-earlier month, Inegi said.
Exports in May climbed 4.7 percent from $34.38bn in the same month last year, driven by the 4.7 percent rise in manufactured goods on the strength of the vibrant automobile sector.
Petroleum . . .