Mexican exports of products registered a 3.7% year-on-year increase in September, to 38,547.3 million dollars, their first growth after the outbreak of the Covid-19 pandemic, the National Institute of Statistics and Geography (INEGI) reported on Tuesday.
Previously, these exports accumulated six consecutive declines, from March to August, with their biggest drops in April (-40.9%) and May (-56.7%, the most pronounced in Banxico’s online records since 1993).
The Covid-19 pandemic in Mexico began on February 27 and the first death from this disease in the country occurred on March 18, which subsequently led to confinement measures, closures of productive plants and disruptions in logistics chains and supply.
Last September, Mexico’s imports were for 34,162.6 million dollars, for which the country registered a surplus of 4,384.7 million dollars.
The main drivers of Mexican foreign sales in September were measured by their higher interannual rates: non-oil extractive (25.4%, to 588 million dollars), agricultural (19.3%, to 1,234 million), non-automotive manufacturing (6.8 %, to 22,693 million) and automotive companies (0.2%, to 12,555 million). On the contrary, oil exports fell 22.1%, reaching 1,477 million dollars.
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