The value of exports from Mexico’s mining-metallurgy industry broke a 13-month negative streak, increasing 2.8 percent in August, year-over-year, to $1.19 billion. Imports registered the sixth consecutive annual decline, now 11.7 percent, according to a SteelOrbis analysis of data from the national statistics agency Inegi.
Imports totaled $1.36 billion, a figure that represented 53.5 percent of the August trade flow, which totaled $2.55 billion. Imports have accumulated six annual decreases, while overall trade flow has accumulated seven decreases with reductions of 11.7 percent and 5.5 percent, respectively.
In the accumulated eight months, the trade flow totaled $20.58 billion, imports at $11.18 billion and exports at $9.40 billion, figures that represented annual decreases of 6.2, 5.0 and 7.5 percent, respectively, compared to the January-August period of 2022.