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LatinNews Daily - 26 May 2020
In brief: Mexico’s exports fall by over 40% in April
* Mexico’s national statistics institute (Inegi) has released the latest trade balance figures, according to which the country registered a US$3bn trade deficit in April, a decrease from the US$1.5bn trade surplus registered in April 2019. Exports in April 2020 totalled US$23.4bn while imports reached a total of US$26.5bn. Compared with April 2019, exports fell by 40.9% overall, with a 39.4% decrease in exports excluding oil, and a 66.4% decrease in oil exports. Non-oil exports to the US specifically fell by 40.7%. Imports in April fell by 30.5% year-on-year, with a decrease of 27.6% in imports excluding oil, and a 53% decrease in oil imports.
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