World Economy

Mexico Trade Deficit Widens

Mexico Trade Deficit WidensMexico Trade Deficit Widens

Mexico’s August trade deficit widened more than expected as imports of petroleum products far outstripped oil exports and as manufactured goods sold abroad fell from the same month a year ago, Dow Jones quoted the National Statistics Institute as saying. The nation’s trade deficit last month was $2.8 billion, wider than expectations of a $2.03 billion deficit in a survey of six economists by The Wall Street Journal. The January-August deficit was $9.12 billion, or more than double compared with the same period last year, the institute said. Overall exports fell 6.8% to $31.03 billion, while imports dropped 1.9% to $33.83 billion.