Mexico’s trade balance shifted to a USD 1370 million surplus in April 2019 from a USD 289 million deficit in the same month of the previous year and compared with market expectations of a USD 544 billion shortfall. Exports rose 6.1 percent year-on-year and imports went up at a slower 1.6 percent. Considering the first four months of the year, the country posted a USD 446 million trade gap. Balance of Trade in Mexico averaged -318.77 USD Million from 1980 until 2019, reaching an all time high of 1836.32 USD Million in December of 2018 and a record low of -4810 USD Million in January of 2019.

Balance of Trade in Mexico is expected to be -1000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Mexico to stand at -2200.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1000.00 USD Million in 2020, according to our econometric models.

Mexico Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 02:00 PM Balance of Trade $-4.81B $-1.84B $-3.539B $-2.3B
2019-03-27 02:00 PM Balance of Trade $1.222B $-4.81B $1.0B
2019-04-26 01:00 PM Balance of Trade $1.429B $1.222B $2.0B
2019-05-24 01:00 PM Balance of Trade $1.37B $1.486B $-0.544B $-0.1B
2019-06-26 01:00 PM Balance of Trade $1.37B $-0.544B $-0.8B
2019-07-26 01:00 PM Balance of Trade
2019-08-27 01:00 PM Balance of Trade



Mexico Trade Balance Swings to Surplus in April

Mexico’s trade balance shifted to a USD 1370 million surplus in April 2019 from a USD 289 million deficit in the same month of the previous year and compared with market expectations of a USD 544 billion shortfall. Exports rose 6.1 percent year-on-year and imports went up at a slower 1.6 percent. Considering the first four months of the year, the country posted a USD 446 million trade gap.

Exports increased 6.1 percent year-on-year to USD 39447 million in April. Non-oil exports jumped 7.6 percent, boosted by higher sales of manufacturing (7.8 percent), of which machinery & equipment for industries (13.6 percent), professional & scientific equipment (13.3 percent), food, alcoholic & beverages (12.1 percent), and automotive products (9 percent). Additionally, sales of agricultural products rose (14.5 percent), namely fresh fruit (81.8 percent), vegetables (38 percent), meat (37.3 percent) and pepper (26.5 percent). Meanwhile, sales of mining dropped 21.7 percent and oil exports fell 14.3 percent. The country exported 1.023 million barrels of crude oil per day, lower than 1.266 million barrels a year ago while the price was USD 61.61 per barrel, $2.70 above the price in April 2018.

Non-oil exports to the US went up 11.7 percent, driven by auto sales (15.8 percent) and others (9.7 percent). Sales to the rest of the world declined 8 percent.

Imports advanced 1.6 percent to USD 38077 million, due to higher purchases of intermediate goods (2.8 percent), in paticular non-oil (3.5 percent) and consumption goods (2.9 percent), namely gasoline, butane & propane gas (10.6 percent). On the other hand, purchases of capital goods fell 9.2 percent.

On a seasonally adjusted basis, Mexico trade balance swang to a USD 18 million surplus in April from a USD 238 million shortfall in March. Exports rose 2.18 percent month-over-month and imports advanced 1.49 percent.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/24/2019 1:34:22 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 1370.00 1486.00 1836.32 -4810.00 USD Million [+]
Current Account -5634.10 -2937.30 2173.70 -10693.30 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 38076.87 37531.22 44288.19 647.02 USD Million [+]
Exports 39447.06 39017.10 41356.56 1225.59 USD Million [+]
External Debt 446097.80 451594.30 453548.00 0.70 USD Million [+]
Terms of Trade 49.42 48.29 106.34 43.37 Index Points [+]
Foreign Direct Investment 10162.00 6109.50 20982.80 -63.90 USD Million [+]
Remittances 7699.06 8776.40 9057.60 158.70 USD Million [+]
Tourism Revenues 2098066.11 2522955.40 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 1901.49 2359.79 2683.20 56.59 Thousand [+]
Gold Reserves 119.90 120.00 125.35 2.55 Tonnes [+]
Crude Oil Production 1745.00 1647.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -34.60 -12.40 12079.70 -3457.70 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Mexico Balance of Trade

Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Others include: China, Japan and Germany. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). . This page provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1370.00 1486.00 1836.32 -4810.00 1980 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 2076.00 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


Related

Latest