Mexico: Merchandise trade surplus shrinks in April
Latest reading: In April, the trade balance was USD +4.5 billion, following a USD +5.9 billion figure in the prior month. Over the last 12 months, the trade balance summed to USD +4.6 billion.
Merchandise exports increased 32.6% in year-on-year terms in April, coming on the back of 27.7% growth in the previous month. April’s reading was the strongest since May 2021 and driven largely by higher mining and non-vehicle manufactured exports. In contrast, vehicle and oil exports saw more modest growth. Merchandise imports were up 24.1% in year-on-year terms in April, coming on the back of 24.3% growth in the prior month.