Mexico’s Trade Deficit Expected to Increase: Mexico’s...

Mexico’s Trade Deficit Expected to Increase: Mexico’s exports are expected to rise this year but imports will go up even more, leaving the country with a substantial foreign trade deficit in non-petroleum items, the newspaper El Universal quoted government officials as saying. The Treasury Department estimated that non-petroleum exports will rise between 5.5% and 6% to about $19 billion. Imports will rise by 6.8% to $31.5 billion. Crude oil exports did not figure in that $12.5-billion deficit estimate because of sharply fluctuating prices on the world market, the newspaper quoted unnamed sources at the department as saying.