Mexico’s export revenue rose 32.6% in April
Mexico’s export revenue hit a record high for any month in April, increasing 32.6% annually to US $72.04 billion, according to preliminary data published by the national statistics agency INEGI on Monday . Meanwhile, Mexico’s outlay on imports increased 24.1% to a record-high $67.52 billion. Mexico thus recorded a trade surplus of $4.52 billion last month, more than nine times larger than the $472.35 million median estimate derived from a Bloomberg survey. Mexico’s export revenue total in April was the largest for any month since comparable data was first kept in 1980. The 32.6% year-over-year spike in export earnings was the largest increase for any month since June 2021. Bloomberg reported that “the surge highlights how the country continues to strengthen its role as a manufacturing hub for the U.S. economy as Washington takes a tougher stance on trade.” The Trump administration has imposed duties on Mexican vehicles, steel and aluminum, but the maj...