LatinNews Daily - 29 April 2025

*Mexico’s national statistics institute (Inegi) has released trade data for March 2025, showing that the country registered a trade surplus of US$3.4bn, up from a surplus of US$2.2bn in February. Exports in March totalled US$55.5bn, up 9.6% year-on-year, driven by a 9.7% increase in non-oil exports and a 7.1% increase in oil exports. Imports also rose by 7.1% in annual terms to total US$52.1bn. Imports of non-oil products were up 8.0% year-on-year, while oil imports were down 6.3%. Inegi credited the widening trade surplus to gains in the balance of non-oil products, which grew from a surplus of US$3.4bn in February to US$4.2bn in March, alongside a narrowing deficit in the oil trade balance, which fell from US$1.2bn in February to US$803m in March. For the first quarter of 2025, Mexico recorded a trade surplus of US$1.1bn, up from a deficit of US$2.7bn in the same period of 2024.

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