Banco de México Cuts Rates as Mexican Economy Risks Remain To Downside


Mexico’s trade deficit fell sharply to USD 726 million in October 2019 from USD 2934 million in the corresponding month of the previous year and compared with market expectations of a USD 1714 million shortfall.

Imports fell 6.4 percent over a year earlier while exports went down at a softer 1.5 percent. Considering the first ten months of the year, the country recorded a USD 1962 million surplus.

Balance of Trade in Mexico averaged -308.85 USD Million from 1980 until 2019, reaching an all time high of 2561 USD Million in June of 2019 and a record low of -4642.52 USD Million in January of 2019. source: Instituto Nacional de Estadística y Geografía (INEGI)