Glossary entry (derived from question below)
Spanish term or phrase:
balanza mexicana de divisas petroleras
English translation:
Balance of payments of the oil sector in Mexico
Added to glossary by
lopatita
Jan 15, 2015 17:08
9 yrs ago
1 viewer *
Spanish term
balanza mexicana de divisas petroleras
Spanish to English
Bus/Financial
Finance (general)
Brokerage Firm Research
...Es más el superávit de la balanza mexicana de divisas petrolera es muy pequeño, porque las importaciones de gasolina sobre todo, pero también de gas natural y otros combustibles han crecido de manera muy importante.
Proposed translations
(English)
5 +1 | Balance of payments of the oil sector in Mexico | Francois Boye |
5 | Mexican foreign exhange balance for oil (petroleum) | Henry Hinds |
Proposed translations
+1
32 mins
Selected
Balance of payments of the oil sector in Mexico
The oil sector in Mexico generates foreign exchange due to its exports of crude oil. But at the same time, it generates an outflow of foreign exchange due to its importation of gas (refined oil) from abroad. The balance is the difference between the inflows and the outflows of foreign exchange.
I say "balance of payments" instead of "trade balance" because the focus is on the flows of foreign exchange instead of the flows of goods
I say "balance of payments" instead of "trade balance" because the focus is on the flows of foreign exchange instead of the flows of goods
Peer comment(s):
agree |
philgoddard
: You could put this more succinctly, and I think you have to take "superávit" into account too. You could say something like "Mexico's oil industry has a very small foreign trade surplus".
31 mins
|
4 KudoZ points awarded for this answer.
58 mins
Mexican foreign exhange balance for oil (petroleum)
Ya
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