Mexico | Lower production from local refineries contributed to widening the trade deficit
Published on Friday, December 1, 2017 | Updated on Wednesday, February 28, 2018
Mexico | Lower production from local refineries contributed to widening the trade deficit
Summary
The trade balance posted a USD 2.1 billion deficit in October, a much higher number than the consensus expectation of USD 0.9 billion. This trade deficit is mostly explained by the oil trade deficit, which amounted to USD 1.8 billion
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Trade balance
- Oil
- deficit
Authors
Carlos Serrano
BBVA Research - Chief Economist
Arnulfo Rodríguez
BBVA Research - Principal Economist