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LatinNews Daily - 29 March 2021

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In brief: Mexico registers trade surplus in February

* Mexico’s national statistics institute (Inegi) has released figures which show that the country registered a trade surplus of US$2.68bn in February, a 6.5% decrease year-on-year. Exports totalled US$36.19bn in February 2021, a 1.1% year-on-year decrease. Oil sales increased 10.7%, totalling US$1.82bn, whilst non-oil sales fell by 1.7%, to US$34.37bn. Non-oil exports to the US fell by 2.9% year-on-year, whilst those to the rest of the world increased by 4%. The value of imports remained largely unchanged, slipping 0.6% year-on-year to US$33.51bn. This reflects a 9.9% decrease in oil purchases, to US$2.93bn, whilst non-oil purchases increased 0.3%, totalling US$30.58bn. Over the first two months of 2021 Mexico’s balance of trade registered a US$1.45bn surplus.