"Venezuela went from being one of Mexico's commercial partners in the early 2000s to now representing just 0.005% of national imports. The collapse of the Venezuelan economy which worsened after 2013 with severe contractions of its GDP has strained bilateral trade in recent years, during which Mexican companies operating in the country withdrew due to the risk of nonpayment and the lack of legal certainty."
"Following Nicolas Maduro's arrest in early January, Mexican President Claudia Sheinbaum has reiterated that conflicts between countries must be resolved through dialogue and diplomacy, and she has also called for a fair trial for the former leader. Both the current president and Lopez Obrador have shown signs of closeness toward the government in Venezuela, where production has struggled under restrictions imposed by the United States, particularly on its economic pillar: oil."
Venezuela's economy collapsed after 2013 with severe GDP contractions, reducing bilateral trade with Mexico to 0.005% of national imports. Mexican companies withdrew from Venezuela because of nonpayment risk and legal uncertainty. Foreign direct investment into Mexico and remittances to Venezuelan families have increased while political ties show signs of closeness. President Claudia Sheinbaum called for dialogue, diplomacy, and a fair trial following Nicolas Maduro's arrest. U.S. restrictions, especially on oil, constrained Venezuelan production. Capital flight and investor loss of confidence caused company closures, and IMF estimated inflation rose 556% in 2025, though that figure may not reflect household price experiences.
Read at english.elpais.com
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