PrintMexico swings to trade surplus in 2025 despite wider oil products deficit
BY Reuters | ECONOMIC | 01/27/26 07:44 AM ESTJan 27 (Reuters) - Mexico registered a trade surplus in 2025, swinging from ?a major deficit the previous year ?despite a widening shortfall in ?oil products, data from ?statistics ?agency INEGI showed on Tuesday.
In non-seasonally adjusted ?terms, Latin America's second-largest ?economy posted a trade surplus of $771 million last ?year, compared with ?an $18.54 ?billion deficit in 2024, INEGI said.
The shift was mainly driven ?by a sharp increase in the non-oil products surplus, which jumped to $26.32 billion from $2.69 billion in 2024.
That ?offset ?a $25.55 billion deficit in oil products, which widened from ?the previous year's $21.23 billion shortfall.
In December alone, Mexico posted an $861 million trade deficit when adjusted for seasonal swings, INEGI said. In non-seasonally ?adjusted terms, the country recorded a $2.43 billion surplus. (Reporting by Aida Pelaez-Fernandez and ?Ricardo Figueroa; editing by Gabriel Araujo)
