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LatinNews Daily - 29 June 2026
In brief: Mexico’s trade surplus narrows in May
*Mexico’s national statistics institute (Inegi) has released trade figures for May 2026, revealing a trade surplus of US$2.26bn. This is down from surpluses of US$4.52bn in April and US$5.93bn in March. Exports in May totalled US$69.54bn, up 25.4% year-on-year, while imports totalled US$67.29bn, up 24.0% on May 2025. Inegi attributed the reduction of the surplus between April and May to a smaller surplus in the balance of non-oil products, which went from US$7.22bn in April to US$4.90bn in May. It notes that the deficit in the balance of oil products remained at a similar level, going from US$2.70bn in April to US$2.64bn in May. In the first five months of the year, the trade balance presented a surplus of US$5.77bn, up from US$918m in the same period of 2025.
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