. Timely foreign trade in May showed that the trade balance recorded a surplus of 132 million dollars (mdd) and this compares with a deficit of 460 million dollars to the same month but recorded 2013.
The National Institute of Statistics and Geography (INEGI) reported Friday that exports in the fifth month of the year stood at 34 thousand 383 million dollars, representing growth of 4.7% annually. In its interior, the oil exports increased 3.6%, while non-oil exhibited an increase of 4.8%.
In turn, the change in non-oil exports was up 5%-which will market the United States (U.S.) - and 4% in the rest of the world channeled.
With regard to imports, they were found to be 34 thousand 251 million dollars in May 2014, representing an annual increase of 2.8%. Among them, oil fell 4.6%, while non-oil showed an increase of 3.7% annually.
Seasonally adjusted figures, in May 2014 the total merchandise exports showed a monthly rise of 1.30% due to an increase of 3.54% in oil exports and 1.02% growth in non-oil.
On the other hand, total imports reported a monthly gain of 1.39%, a result of a 3.74% growth in non-oil imports and a decrease of 16.63% in the oil.
In the first five months of this year the trade balance shows a deficit by 673 billion dollars.
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