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Mexico | Lower production from local refineries contributed to widening the trade deficit

Published on Friday, December 1, 2017 | Updated on Wednesday, February 28, 2018

Mexico | Lower production from local refineries contributed to widening the trade deficit

The trade balance posted a USD 2.1 billion deficit in October, a much higher number than the consensus expectation of USD 0.9 billion. This trade deficit is mostly explained by the oil trade deficit, which amounted to USD 1.8 billion

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