By Ovunc Kutlu
ISTANBUL (AA) – Mexico saw a trade surplus of $984 million in December 2022, lower than market estimates, the country's statistical authority announced on Friday.
The market expectation for the December figure was to come in at more than $1.1 billion.
The country saw a trade surplus of $603 million in the same month of the previous year, according to the National Institute of Statistics and Geography (INEGI).
The total value of exports reached $49.3 billion in December, up 3.4% from the same month of the previous year, the statistics authority said in a statement.
The value of imports totaled approximately $48.3 billion – an annual increase of 2.6%.
There was an 11.3% increase in oil exports in December, while a monthly increase of 5.1% was recorded in imports of consumer goods.