The value of the international trade flow of the mining-metallurgy industry in Mexico decreased 14.0 percent, year-over-year, in July to $2.30 billion, the sixth consecutive annual drop, according to a SteelOrbis analysis of data from the national statistics agency Inegi.
Imports contributed 56.0 percent of the trade flow in July, totaling $1.29 billion, 14.3 percent less than the same month last year, the fifth consecutive annual decline.
Exports decreased 13.6 percent to $1.02 billion, the thirteenth consecutive annual decline. The trade balance was in deficit for Mexico by $277 million, 16.6 percent less than the deficit in July of last year.
In the accumulated seven months, as of July, the trade flow totaled $18.03 billion, imports at $9.82 billion and exports at $8.21 billion, figures that represented annual declines of 6.3, 4.0 and 8.8 percent, respectively, compared to the January-July period of last year.