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Mexico’s petroleum exports up 21.5% in first 9 months

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Staff Writer |
Mexico’s petroleum
Oil exploration   Exports between January and September

Mexico’s petroleum exports rose 21.5 percent annually in the first nine months of the year, the National Statistics and Geography Institute (Inegi) said.

Exports between January and September amounted to $299.3 billion, up 9.3 percent from the same period of 2016, Inegi said in a statement.

Petroleum (crude oil) exports climbed 21.5 percent to $16.2 billion, while non-petroleum exports rose 8.7 percent to $283 billion.

Imports totaled $308.3 billion, up 7.8 percent from the first nine months of 2016.

Petroleum (fuel and natural gas) imports soared 32.3 percent to $29.6 billion, while non-petroleum imports increased 5.7 percent to $278.8 billion.

Mexico’s trade deficit came in at $1.9 billion in September 2017, up 23.5 percent from the same month of 2016.

Exports amounted to $33.8 billion last month, a 3.4 percent increase from September 2016.

Petroleum exports totaled $1.9 billion, an annual increase of 1.1 percent, while non-petroleum exports amounted to $31.9 billion, up 3.6 percent from September 2016.

During that same month, Mexican imports came in at $35.7 billion, up 4.3 percent from September 2016.

Petroleum imports amounted to $3.6 billion, up 17.8 percent from September 2016, while non-petroleum imports totaled $32.1 billion, up 3 percent.

Mexico posted a $13.1 billion trade deficit in 2016, down 10.1 percent from its $14.6 billion trade deficit in 2015.

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