Mexico reported a historical trade surplus with the United States by achieving an accumulated growth of 9.6% between January and November 2017, the highest growth in that period of any country with respect to the United States.

The data, released by the US Census Bureau, places Mexico in the second position of trade surplus regarding the United States with 65,683 million dollars in the first 11 months of 2017. The 2017 is the highest positive balance of the Aztec country since 2007, when a balance of 68,131 million dollars was reported.

Mexico exports to the United States between January and November totaled 288,594 million dollars, while purchases from the neighboring country totaled 223,270 million dollars. However, it maintained its share of the total of imports from the United States: 13.4%.

Only in November, the trade surplus of Mexico with the United States was 5,98 billion dollars, a growth of 2.1% compared to the same month of 2016.

The United States accumulated a trade deficit of 513,600 million dollars in the first 11 months of the year, a growth of 11.6% with respect to that recorded in the same period of 2016.

The country with the largest trade surplus with the United States is China, which registered a positive balance of 344,419 million dollars and a growth of 7.8% between January and November of 2017. In third place was Japan, with a trade surplus of 63,320 millions of dollars.

The results of the US trade balance are given a few weeks from the start of the sixth round of negotiations of the North American Free Trade Agreement, which will take place from January 23 to 28 in Montreal, Canada.

Sources:

https://www.eleconomista.com.mx/empresas/Mexico-marca-superavit-comercial-historico-con-EU-20180107-0070.html

https://www.opportimes.com/comercio/mexico-aumento-10-4-superavit-comercial-estados-unidos/

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