LatinNews Daily - 26 May 2021

In brief: Mexico registers trade surplus in April

* Mexico’s national statistics institute (Inegi) has released new figures which show that the country’s exports in April totalled US$40.77bn, up 75.6% on April 2020, while imports totalled US$39.3bn, up 48.4% on the same month in 2020. This leaves a trade surplus of US$1.5bn, compared with a US$3.2bn deficit registered in April 2020. Inegi said that the increase in exports was the result of a 73.1% year-on-year increase in non-oil related exports which totalled US$38.7bn, while oil-related exports, which totalled US$2bn, surged 139.0%. In the first four months of 2021, Mexico’s exports totalled US$152.636bn, up 16% on the same period in 2020 while imports totalled US$152.643bn, up 16.4% on the same period in 2020. In seasonally adjusted terms, total exports grew 0.24% in April compared with March while imports contracted by 8.11%.

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