Latin America's overall exports to the United States barely grew, while U.S. exports continue at double-digits.
BY CHRONICLE STAFF
Mexican exports to the United States fell in October after several months of weak growth, according to a Latin Business Chronicle analysis of new U.S. Census Bureau data. Mexican exports to the United States reached $19.7 billion in October, a 1.0 percent decline from the same month last year. That followed a 0.95 percent increase in September and 2.6 percent growth in August, according to the analysis.
Mexicos imports of U.S. goods rose by 21.1 percent to $14.7 billion in October, resulting in total trade of $34.5 billion - a 7.2 percent growth compared to October 2007. During the first ten months of the year, Mexican exports to the United States grew 6.6 percent to $186.2 billion, while imports from the United States increased by 13.6 percent to $129.4 billion. Total two-way trade reached $315.6 billion, a 9.3 percent increase.
As a result of the strong U.S. exports to Mexico and decline in imports from Mexico, the U.S. trade deficit with Mexico fell. In October it reached $4.8 billion, a decline of 36.8 percent compared to October last year. In the ten-month period it reached $56.8 billion, a decline of 6.4 percent.
Mexicos trade with the United States is weaker than the overall performance for Latin America. Combined the region exported goods worth a total of...
Keywords: Brazil, Mexico, Venezuela