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Latam Daily: Mexico Trade and Unemployment, Peru Credit Recaps
In June, Mexico’s trade balance posted a surplus of 514 million USD, down from 1.23 billion USD the previous month. Exports accelerated on an annual basis, rising 10.6% (vs. -0.5% previously) to 54.0 billion USD (chart 1). This increase was mainly driven by non-automotive manufacturing exports, which surged 18.5%, while automotive exports rose more moderately by 4.5%. In contrast, agricultural exports declined by -2.2%, and oil exports dropped sharply by -30.4%. Imports also grew, albeit at a slower pace of 4.4%, reaching 53.5 billion USD. Within imports, which rose 4.4%, only intermediate goods showed annual ... (full story)
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