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LatinNews Daily - 28 June 2019

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In brief: Mexico

* Mexico’s national statistics institute (Inegi) has released the latest figures for the country’s balance of payments, which show that there was a trade surplus of US$1.03bn in May this year compared with a deficit of US$1.5bn recorded in May 2018. With this, in the first five months of the year the trade balance presented a surplus of US$584m. This was driven by a 6.7% annual increase in the value of exports – the sale of oil fell by 6.9% but non-oil exports increased by 7.7%. Meanwhile, total import values fell by 0.1% year-on-year in May. There was a 2.4% increase in oil imports and a 0.2% decrease in non-oil imports.