Mexico's trade balance has registered an unexpectedly low trade deficit of $195 million in November.

According to the preliminary report of the National Statistics Institute (INEGI), the trade deficit of the country has reduced to $195 million as against a deficit of $2.96 billion a year earlier.

The report showed that the exports in the month of November reached $22.3 billion, a 10% rise from November 2008. At the same time, imports witnessed a decline of 3.2% to $22.5 billion.

Petroleum exports increased 37% to $3.17 billion, whereas petroleum imports reduced by 30%.

Manufacturing exports jumped 6.5% to $19.1 billion and agricultural product exports rose 19% to $729 million.

The exports have seen the positive side for the first time since September 2008, while the 3.2% drop in imports was mainly due to a 17 % decline in imports of consumer goods and a 14% decline in imports of equipment and machinery.

The report said that the trade deficit for the first 11 months of current year reached $4.43 billion.