The collapse of oil revenues started in Mexico
The month of January was a taste of what awaits us this year in terms of revenue. The 47 percent drop in oil exports, which amounts to a loss of 812 million dollars, could not be compensated by the 15.3 percent increase of automobile exports in the first month of 2015.
In January total exports fell by 1.8 percent, compared to the same month of 2014. This decline, which has been reported by the National Institute of Statistics and Geography (INEGI), is marking the largest increase of the deficit in the trade balance in January and the second largest increase in the country's history.


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