*Mexico’s national statistics institute (Inegi) has released trade figures for August 2025, revealing a trade deficit of US$1.94bn. This compares to a deficit of US$17m in July and a surplus of US$514m in June. Inegi attributes the widening of the deficit to a reduction in the surplus of non-oil products, which went from US$2.13bn in July to US$293m in August, as well as a greater deficit in the balance of oil products, which stood at US$2.24bn in August, up from US$2.14bn in July. Imports in August totalled US$57.66bn, down 0.2% year-on-year, while total exports reached US$55.72bn, up 7.4% year-on-year. In the first eight months of the year, the trade deficit stood at US$528m, compared to a deficit of US$17.98bn in the same period of 2024.
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