How Mexico is creating a trade surplus

MXPE Weekly Essentials ft. bankers and the US back Mexico while Mexico backs Haiti, and other highlights in Mexican politics, policy, and markets from the past week.

MXPE Weekly Essentials. Only the most important news in Mexican politics, policy, and markets from the past week.

Uncharted Mexico: Rebalancing act

The long and short of it is that Mexico is exporting far fewer petroleum products and it is importing fewer of them too. The result is Mexico’s first sustained trade surplus since 2021. And all that despite a fall in auto exports—the largest export sector which goes to Mexico’s largest trading partner; the US.

Still to be felt is the government’s push to reduce imports via tariff barriers with countries like China while looking to crank up domestic consumption of domestically produced goods.