After 19 months, the trade flow of the mining-metallurgical industry in Mexico exceeded $3.0 billion in a single month. In October, it totaled $3.06 billion, 20.9 percent more year-over-year, according to SteelOrbis' analysis of data from the national statistics agency Inegi.
The value of imports of mining-metallurgical products totaled $1.64 billion, 19.7 percent more, year-over-year. Meanwhile, exports in October totaled $1.43 billion, 22.4 percent more.
The trade balance was negative for Mexico by $211 million, 4.1 percent more than the deficit of $202 million in October 2023.
In the January-October period, exports totaled $12.36 billion, imports totaled $14.55 billion, and trade flow was $26.91 billion, up 2.2 percent, 2.0 percent, and 2.1 percent, respectively, compared to the same period last year.
The accumulated trade balance was negative for Mexico by $2.19 billion, 1.2 percent more than the trade deficit of the first eleven months of last year.