Mexico's merchandise trade surplus decreased from last year in May, and came in below economists' expectations, preliminary data released by statistical office INEGI showed Monday.
The trade surplus dropped to $363 million in May from $538 million in the same month last year. Economists were looking for a surplus of $560 million.
Export of goods increased 6.7 percent annually to $33.165 billion in May. Shipments of petroleum products declined 13.6 percent annually, while dispatches of non-oil products rose 10.6 percent during the month.
The value of imports advanced 7.4 percent from last year to $32.802 billion in May. Arrivals of oil products gained 3.9 percent during the month, while imports of non-oil commodities rose 7.9 percent, data showed.
In the January-May period, the trade balance was a surplus of $2.688 billion. Exports and imports increased 9.4 percent and 9.8 percent respectively during the five-month period, the agency said.
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