Mexico reported a smaller-than-expected trade deficit for November after oil exports rose sharply. The deficit narrowed to $760 million from $1.65 billion in October, the finance ministry said. Economists expected a gap of $1.39 billion. Mexican oil export revenue rose 69 percent last month to $4.89 billion, the ministry said. Nonoil exports grew 8.7 percent to $19.5 billion. Total imports rose 12 percent to $25.18 billion.
This article is significant because of the very large amounts of money being discussed. The trade deficit of of one country can have a large affect on other countries.
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