The value of the international trade flow of the mining-metallurgical industry in Mexico decreased 4.0 percent, year-over-year, in June to $2.78 billion, it is the fifth consecutive annual drop, according to a SteelOrbis analysis of data from the national statistics agency Inegi.
Imports contributed 56.2 percent of the commercial flow in June. For the fourth straight month it declined, now 0.1 percent to $1.56 billion. Exports decreased 8.7 percent to $1.22 billion, the twelfth consecutive annual decline. The trade balance was in deficit for Mexico by $343 million, 50.7 percent more than the deficit of June 2022.
In the first half of the year, the trade flow totaled $15.73 billion, imports $8.53 billion, and exports $7.20 billion, figures that represented annual decreases of 5.0, 2.3, and 8.1 percent, respectively, compared to the first half of last year.