LatinNews Daily - 30 September 2024

*Mexico’s national statistics institute (Inegi) has released new figures which show that the country recorded a trade deficit of US$4.87bn in August, compared to a deficit of US$1.28bn in the same month of 2023 and a deficit of US$72m in July. In the first eight months of the year, the trade deficit stood at US$10.44bn, up from a deficit of US$8.43bn in the same period of 2023. In August, exports totalled US$51.92bn, a 1.0% drop year-on-year. Non-oil exports totalled US$49.67bn, a yearly increase of 0.6%, while oil exports totalled US$2.25bn, a 26.6% drop on August 2023. Imports totalled US$56.78bn in August 2024, up 5.7% year-on-year. Non-oil imports were up 8.8% as compared to August 2023, while oil imports dropped by 26%.  From January to August, exports increased by 3.6% year-on-year, reaching US$406.09bn, while imports increased by 4.0% to US$416.53bn.