RELEVANT NEWS

Consequently, Mexico recorded a deficit of 74.1 million dollars, reflecting a balanced trade balance.

On the export side, oil (-28.2%) and extractive (-29.8%) sales declined, while automotive sales rose (26.2%). On the opposite side, the fall in oil imports (-40.1 percent) stands out.

In May 2023, exports of manufactured products reached 47.45 billion dollars, which represented an increase of 9.5 percent at annual rate.

The most significant increases were observed in exports of professional and scientific equipment (26.8%), automotive products (26.3%), food, beverages and tobacco (10.8%), electrical and electronic equipment and appliances (9.5%) and textile products and clothing and leather industry (9.5%).

In turn, the annual increase in exports of automotive products was derived from increases of 31% in sales channeled to the United States and 7.6% in those directed to other markets.

In the month in question, the value of oil exports was 2.729 billion dollars. This amount was made up of 2.270 billion dollars in crude oil sales and 459 million dollars in exports of other oil products.

The average price of the Mexican crude oil export mix stood at 65.04 dollars per barrel in May, 4.28 dollars lower than in the previous month and 39.26 dollars lower than in May 2022.

In that month, the volume of crude oil exported stood at 1.126 million barrels per day, higher than the 1.027 million barrels per day in April and 0.984 million barrels per day in May 2022.

At the same time, the value of agricultural and fishery exports was 2.131 billion dollars, an amount that implied an annual growth of 4.9 percent.

The most significant increases were recorded in exports of cattle (78.4%), tomatoes (35.8%), fruits and edible fruits (34.4%), peppers (21.9%) and fresh vegetables (14.6%).