Mexico achieved a trade surplus of $617 million in April, compared to a $2.1 billion deficit a year earlier and economists’ expectations of a $1.6 billion deficit. Unfortunately that was due to a marked drop in imports, indicating a weaker economy. These fell 5% on a year earlier on a broad basis. Panjiva analysis of the top 500 import lines shows electronics, including PC peripherals, and power distribution equipment saw a marked reduction. Export growth was just 4%, the slowest since October. That included a 3% rise in non-oil exports to the U.S. When compared to the 12% expansion seen...