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Financial News: Mexico Trade Balance Swings To Surplus In April

Mexico Trade Balance Swings To Surplus In April

05/25/2017 - 23:58:00 (RTTNews)

(RTTNews) - Mexico's foreign trade balance turned to a surplus in April from a deficit in the previous year, as exports rose and imports fell,figures from the statistical office INEGI showed Thursday.

The trade balance showed a surplus of $617 million in April versus a deficit of $2.1 billion in the corresponding month of 2016. Economists had expected the deficit to narrow to $1.58 billion.

Exports climbed 3.6 percent year-over-year in April, while imports declined by 5.0 percent.

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