Mexico

Mexico recorded a trade deficit of $2.2bln in May from a $390mln deficit in the previous year. Exports rose 22.4% from a year earlier to $50bln, of which non-oil sales rose 20% to $46.2bln, and oil exports soared 63% to $3.81bln. Non-oil exports to the US increased 21.2%, and those to the rest of the world expanded 15%. Meanwhile, imports advanced 29.2% to $52.2bln, of which non-oil imports increased 24% to $56.23bln, and oil purchases increased 76% to $7bln.