Mexico’s Trade Gap Widens More Than Expected Due to Fuel-Import Costs

Mexico’s trade deficit widened more than expected last month as the cost of imported fuel soared while consumer goods imports also jumped

Port of Mazatlan Ahead Of Trade Balance Figures.
By Rafael Gayol
August 27, 2022 | 02:22 PM

Bloomberg — Mexico’s trade deficit widened more than expected last month as the cost of imported fuel soared while consumer goods imports also jumped.

The deficit reached $5.96 billion last month, more than the $5.0 billion median estimate of economists surveyed by Bloomberg. Imports increased 17% from a year earlier, the national statistics agency said Friday, driven up by a 64% increase in petroleum products. Exports rose 14% over the same period.