Mexican exports indicate rise in August
Mexican exports soared by 27.3% in August on the back of strong manufacturing trade with the US. According to preliminary data released by the Finance Ministry, exports reached $16.96 billion in August mainly due to manufacturing and agricultural products. Imports also rose by 27% to $17.55 billion in the mentioned period. Accordingly, the trade deficit was recorded as $589 million. Mexico makes about 90% of its exports to the US and increasing demand is expected to help Mexico's economy grow by about 4% this year.