the last sentence is the key stat, mexicans comsumed only 8.2 billion from outside, no spare money to spend, therefore the huge numbers are for imports/re-export to facilitate trades, aka a broker. Mexico recorded a trade surplus of $2.6 billion in December of 2024, firmly above market expectations of $1.5 billion but narrowing sharply from the $4.3 billion in the corresponding period of the previous year. Imports expanded by 9.1% annually to $49.1 billion in the period, carried by a surge in petroleum goods (15% to $3.2 billion) and higher non-petroleum goods (8.8% to $45.9 billion), which were supported by non-petroleum intermediate goods (11.9% to $34.7 billion). On the other hand, exports rose by a softer 4.9% annually to $51.7 billion, as the sharp expansion in sales of extractive goods (57.1% to $1.2 billion) and manufacturing goods (4.9% to $46.2 billion) were offset by a sharp contraction for petroleum goods (-16% to $2.2 billion). For the full 2024, Mexico posted a trade deficit of $8.2 billion, 50% wider than that of 2023.
They may not be the tallest people in the world, but there’s really no need to talk like that about them …
Read it again. - or rephrase your point. Deficit ... or difference between what they exported and imported. Not total of what they consumed with a population of 130 friggen million lol
trade deficit is you buy more than sell from/to outside. they consume what they make domestically, shelters/food, very balance in comparison. the point is they are brokering goods since the trade wars with china, otherwise the number would be modest.
Trump Says Tariffs on Mexico, Canada ‘Going Forward’ Next Month https://www.bloomberg.com/news/arti...ing-forward-next-month?srnd=homepage-americas “The tariffs are going forward on time, on schedule,” Trump said Monday from the White House during a joint press conference with French President Emmanuel Macron.