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Friday, June 24, 2011

Mexico Experiences Biggest Trade Surplus in 15 Years

Today Reuters reported that Mexico exported $23.5 billion in factory goods in May compared to $22.9 billion in the previous month. In March, "Mexico posted its biggest monthly trade surplus in more than 15 years" as the Mexican economy benefitted greatly from higher gas prices as the United States' primary crude supplier.

Mexico's economy is expected to grow around 4.5 percent this year on factory exports and a rekindling of domestic consumer demand following the 2008-2009 recession.

Click here to get the full report on the increase in trade dollars.

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