Mexico’s trade deficit hit a new high of $3.3 billion in January, the highest since at least 2006 and well above the $2.6 billion economists expected. That was likely due to a 60% jump in petroleum product imports, which in turn was the result of domestic production problems. Export growth remained healthy, with a 13% growth in shipments outside the U.S. An 8% jump in U.S.-bound products, however, will likely prove politically contentious.