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Mexico's October Trade Deficit
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Overview
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Mexico's October trade deficit of $252.5 million was offset by a 5.6% growth in exports, reaching $51.97 billion, outpacing a 1.8% rise in imports to $52.23 billion. Petroleum exports surged by 14% to $3.19 billion, while exports of manufactured goods grew by 5.3% to $46.38 billion. In contrast, petroleum imports fell by 25% to $3.97 billion, contributing to a $10.34 billion trade deficit in the first 10 months of the year.
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How might the trade deficit affect Mexico's trade policies and negotiations with other countries?
How might the trade deficit impact Mexico's economy and its trade relationships with other countries?
What factors contributed to the growth in exports and imports, particularly in the petroleum and manufactured goods sectors?
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