Mexico Posts Biggest Trade Surplus in Over 20 Years on Weak Imports

January 29, 2020
Source: Reuters

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MEXICO CITY — Mexico posted a trade surplus of $1.283 billion (976 million pounds) in December when adjusted for seasonal swings, making for the highest annual surplus in over two decades and bolstering economic data at the close of the year, official data showed on Tuesday.

The Mexican economy has teetered on the verge of recession during the past year, crimping demand for goods imported from abroad, which has helped to swell the trade surplus.

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