LatinNews Daily - 27 May 2025

*Mexico’s national statistics institute (Inegi) has released trade figures for April 2025, revealing a trade deficit of US$88.1m, marking a departure from the US$3.4bn surplus recorded in March. Total imports dipped 1.2% year-on-year to US$54.4bn. Oil-related imports were up by 47%, while non-oil imports declined by 4.2%. On the export side, Mexico shipped goods worth US$54.3bn in April, a 5.8% increase compared to the same month last year, led by a 6.6% rise in non-oil exports. Inegi attributes April’s result to a reduction in the trade balance of non-oil products, which went from a surplus of US$4.2bn in March to a surplus of US$2.8bn in April, as well as a bigger deficit in the balance of oil products, which went from US$803m in March to US$2.9bn in April.  For the first four months of 2025, Mexico’s exports rose 4.5% year-on-year to US$203.5bn, while imports edged up 0.6% to US$202.5bn, representing an overall trade surplus of US$1bn.

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