Tourism Compensates Mexico’s Trade Deficit

By Elliot Bullman

Between January and October of 2017, the surplus of the tourist balance of Mexico increased 14.3 percent over the same period last year, to settle at 8 thousand 706 million dollars.

According to data from the Bank of Mexico, from January to October 2017 the surplus of the tourism balance compensated for 78 percent of the total trade deficit of the country.

turismo.png

According to experts, the increase in the import of oil has been offset by the surplus of trade in manufactures, coupled with an increase in the arrival of travelers from other countries and the decline in outgoing people leaving.

This reveals the importance of tourism for Mexico's accounts. Travelers increased by greater connectivity and promotion in the United States and have not lost much strength as expected by the arrival of Donald Trump.

turismo2.png

Between January and October of 2017, the surplus of Mexico's tourism balance increased 14.3 percent compared to the same period a year ago, standing at $8.7bn dollars.

888.png

On the other hand, the trade balance from January to October 2017, which includes the declining oil sector, produced a deficit of $11.1bn dollars.

RELATED NEWS

  • Southwest Airlines inaugurates new international route to Cancun from New OrleansSouthwest Airlines inaugurates new international route to Cancun from New Orleans
  • The Federal Aviation Administration has ordered airlines to inspect certain older CFM56-7B turbofan engines.The Federal Aviation Administration has ordered airlines to inspect certain older CFM56-7B turbofan engines.
  • North Korea North Korea 'halts missile and nuclear tests', says Kim Jong-un
  • Frida Kahlo Barbie doll banned from shop shelves in MexicoFrida Kahlo Barbie doll banned from shop shelves in Mexico
  • NAFTA meeting on tap; Mexico doesn’t want to be used to elude US tariffsNAFTA meeting on tap; Mexico doesn’t want to be used to elude US tariffs
  • Mexico is second on world’s best places to retire listMexico is second on world’s best places to retire list
  • New video editing trend could be the future of ´fake newsNew video editing trend could be the future of ´fake news'
  • Trump says North Korea talks under way but he may not meet Kim Jong-unTrump says North Korea talks under way but he may not meet Kim Jong-un
  • Mexico’s candidates are avoiding talking about the elephant in the room: PensionsMexico’s candidates are avoiding talking about the elephant in the room: Pensions
  • Elon Musk just sank more than $100 million into The Boring CompanyElon Musk just sank more than $100 million into The Boring Company
  • Netflix is soaring after it crushed subscriber growth targets yet againNetflix is soaring after it crushed subscriber growth targets yet again
  • Starbucks: Protesters call for boycott after black men arrestedStarbucks: Protesters call for boycott after black men arrested
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2018