The value of the international trade flow of Mexico’s mining and metals industry decreased 17.4 percent, year-over-year, in April to $2.31 billion, the lowest figure after 26 consecutive months, only surpassed by $2.09 billion in February 2021, according to a SteelOrbis analysis of data from national statistics agency Inegi.
Exports registered the tenth consecutive annual drop, in April they decreased 19.0 percent to $1.07 billion. The percentage drop is the steepest in that 10-month period.
Imports totaled $1.23 billion, 15.9 percent less than in April last year, the second consecutive annual decline.
The trade balance was in deficit for Mexico by $163 million, 12.0 percent more than in the fourth month of 2022. The sixteenth consecutive trade deficit for Mexico.