MEXICO CITY – Mexico’s oil exports rose at an annualized rate of 16.5 percent in October, when the overall trade deficit totaled $2.07 billion, the National Institute of Statistics and Geography (INEGI) said Monday.
Exports totaled $36.9 billion in October, a 13.2 percent increase over October 2016, the INEGI said in a statement.
Petroleum exports totaled $2.25 billion last month, while non-petroleum exports rose 13 percent to $34.6 billion.
Total imports came in at $38.9 billion, or 16.3 percent higher than in October 2016.
Purchases of petroleum products hit $4.1 billion in October, a 40.1 percent increase the same month last year, while non-oil imports totaled $34.9 billion, a 14.1 percent increase, the INEGI said.
Between January and October, Mexico posted a trade deficit of $11.1 billion, a 15.7 percent decrease compared to October 2016.
Last year, Mexico posted a trade deficit of $13.1 billion, down 10.1 percent from the $14.6 billion deficit registered in 2015.