- Mexico: Exports posted their strongest growth since March 2021, while imports remained robust in April
In April, the trade balance showed significant increases across its components (chart 1). Exports totaled USD 72.041 billion, equivalent to an annual increase of 32.6%, up from the previous 27.7%, marking their strongest growth since March 2021. Within exports, the most notable gain came from non-automotive manufacturing exports, which rose 45.8%, compared to automotive exports, which increased only 8.2%. There was also a notable 71.0% increase in non-oil extractive exports, along with a 7.9% rise in oil exports.
On the import side, total imports reached USD 67.522 billion, with annual growth easing slightly to 24.1% from the previous 24.3%. The strongest increase was driven by intermediate goods, which rose 29.8%, followed by consumer goods at 26.4%, and capital goods at 1.3%. On a cumulative basis, the trade balance posted a surplus of USD 3.508 billion, with exports increasing 21.8% (USD 247.627 billion) and imports rising 19.9% (USD 244.119 billion).
—Rodolfo Mitchell, Miguel Saldaña & Martha Cordova
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