Mexico posted a deficit in the current account of the balance of payments of $22.33 billion in 2013, a figure that was up 51.2 percent from the previous year, the Bank of Mexico said.

The current account deficit between January and December 2013 was equivalent to 1.8 percent of the gross domestic product (GDP), the central bank said.

Mexico had a deficit of $31.18 billion in the balance of payments, income; while the deficit in goods and services was $12.96 billion and transfers posted a surplus of $21.81 billion, the central bank said.

The main components of goods and services, which includes trade and international tourism, registered a deficit, as did export spending.

The current account includes both traded goods and services, and the indicator serves as a gauge of overall economic health.

The balance of trade posted a deficit of $1.02 billion on exports of $380.18 billion and imports of $381.21 billion, the Bank of Mexico said.

Oil exports fell 6.3 percent, dropping from 1.25 million barrels per day (bpd) to 1.18 million bpd, while oil prices fell from $101.80 per barrel to $98.60 per barrel.

Automotive exports, however, surged 10.6 percent and exports of other non-petroleum products inched up 1.5 percent, the central bank said. EFE