The trade flow of the mining-metals industry increased 1.8 percent, year-over-year, in May to $2.83 billion. That amount is far from the historical record of $3.15 billion in March 2022, according to a SteelOrbis analysis of data from the national statistics agency Inegi.
With the increase in May, trade flow remains on a positive trend for the second consecutive month. This is four months in a row of decline.
The value of exports increased 0.6 percent, year-over-year, to $1.30 billion. Imports increased 2.8 percent to $1.53 million.
In the January-May period, exports totaled $5.72 billion and imports at $6.91 billion and the trade flow at $12.63 billion, figures that represented annual decreases of 4.3, 0.9 and 2.5 percent, respectively, compared to the January-May period of the year. past.
The trade balance was negative for Mexico by $220 million, 18.5 percent more than the trade deficit in May of last year. The accumulated amount was $1.19 billion, 20.2 percent more than in January-May 2023.