2024-07-08 18:40:10
Las exports fell more than imports during May in USA.
Las total exports fell -0.7% at a monthly rate located at $261.7 billionwhile total imports increased by -0.3%, totaling 336.7 billion dollars.
Mexico remained the main exporter of goods from the neighboring country in the period where the total imports of goods from the US from Mexico amounted to 43.8 billion dollars, which represented an increase of 0.5% compared to the previous month (7.3% annually) and 15.9% of total imports of goods of EU.
By goods, among the US imports from Mexico, the SCIAN branches of computer equipment and vehicles finished products, which had an annual growth of 49.9% and 14.7%, respectively.
From January to May 2024, the imports Total exports from that country increased by 3.3%, while exports from Mexico They did so by 6.2%.
From an international perspective, comparing the periods from January to May 2017 with those of 2024, exports of China to the United States has lost -7.4%, while Mexico has gained 2.1%.
The deficit in trade in goods and services with the rest of the world reached 75.1 billion dollars in May, 0.8% more than the previous month, confirming the constant increase observed since the minimum reached in August de 2023.
The deficit, however, experienced a less marked increase than expected by the markets, which had anticipated a deficit of 77 billion dollarsaccording to the consensus published by briefing.com.
In one year, the trade deficit increased by 14.4 billion dollars, a 4.23%, the Commerce Department reported.
“The trade deficit deteriorated less than expected, but is the largest since late 2022,” HFE chief economist Rubeela Farooqi said in a note.
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2024-07-08 18:40:10