LatinNews Daily - 28 January 2026

*Mexico’s national statistics institute (Inegi) has released trade figures for 2025, revealing a trade surplus of US$770.9m. This compares to a deficit of US$18.54bn in 2024. Inegi attributes this improved performance to a greater surplus in the balance of non-oil products, which went from US$2.69bn in 2024 to US$26.32bn in 2025. Exports in 2025 totalled 664.84bn, up 7.6% year-on-year, while imports totalled 664.07bn, up 4.4% on 2024. In December, Mexico registered a trade surplus of US$2.43bn, up 31.4% year-on-year, with exports totalling US$60.65bn (+17.2% year-on-year) and imports reaching US$58.22bn (+16.7%).