Mexico trade balance shifted to a USD 1836 million surplus in December of 2018 from a USD 3 million deficit in the same month a year earlier. It was the largest trade surplus on record, as exports rose 4.3 percent year-on-year while imports fell 0.8 percent. Considering 2018 as a whole, the trade balance recorded a USD 13704 million gap, compared to a USD 10968 million shortfall in 2017. Balance of Trade in Mexico averaged -319.81 USD Million from 1980 until 2018, reaching an all time high of 1836.32 USD Million in December of 2018 and a record low of -4419.83 USD Million in January of 2018.

Balance of Trade in Mexico is expected to be 2000.00 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 1500.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-26 01:00 PM Balance of Trade $-0.194B $-2.59B $-1.875B $ -2B
2018-11-27 02:00 PM Balance of Trade $-2.936B $-0.194B $-2.1B
2018-12-28 02:00 PM Balance of Trade $-2.382B $-2.936B $0.7B
2019-01-28 02:00 PM Balance of Trade $1.836B $-2.382B $ -2.1B
2019-02-27 02:00 PM Balance of Trade $1.836B $-2.3B
2019-03-27 02:00 PM Balance of Trade
2019-04-26 01:00 PM Balance of Trade



Mexico Trade Surplus Hits Record High

Mexico trade balance shifted to a USD 1836 million surplus in December of 2018 from a USD 3 million deficit in the same month a year earlier. It was the largest trade surplus on record, as exports rose 4.3 percent year-on-year while imports fell 0.8 percent. Considering 2018 as a whole, the trade balance recorded a USD 13704 million gap, compared to a USD 10968 million shortfall in 2017.

Exports increased 4.3 percent year-on-year to USD 37529 million in December 2018. Non-oil exports rose 6.0 percent, driven by higher sales of manufacturing (6.5 percent), namely steel products (31.2 percent); machinery and special equipment (22.4 percent); professional and scientific equipment (8.4 percent); and automotive products (7.4 percent). Also, mining shipments went up 16.6 percent. Meanwhile, sales of agricultural products dropped 6.8 percent, mostly due to raw coffee beans (-42.6 percent), fresh strawberries (-38.5 percent), avocado (-17 percent), frozen shrimp (-16 percent) and pepper (-5.4 percent). Additionally, oil sales declined 16.8 percent. The country exported 1.198 million barrels of crude oil per day, lower than 1.401 million barrels a year earlier while the price was USD 50.49 per barrel, $3.65 below the price in December of 2017.

Non-oil exports to the US increased 8.8 percent, of which auto sales rose 11.9 percent. Sales to the rest of the world decreased 5.5 percent.

Imports dropped 0.8 percent to USD 35693 million, mainly due to sales of consumption (-9.7 percent), and capital (-4 percent) goods. On the other hand, sales of intermediate goods went up 1.4 percent.

On a seasonally adjusted basis, Mexico recorded a USD 138 million surplus in December, swinging from USD 2763 million deficit in November. Exports increased 1.7 percent month-over-month while imports fell 5.2 percent. 


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/28/2019 2:32:32 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 1836.32 -2381.84 1836.32 -4419.83 USD Million [+]
Current Account -5081.50 -3074.50 2173.70 -10376.90 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
Imports 35692.97 40926.11 44288.19 647.02 USD Million [+]
Exports 37529.28 38544.27 41352.22 1225.59 USD Million [+]
External Debt 451594.30 445610.20 453548.00 0.70 USD Million [+]
Terms of Trade 46.07 47.34 106.34 43.37 Index Points [+]
Foreign Direct Investment 4135.00 8729.60 21154.60 -63.90 USD Million [+]
Remittances 8776.40 8432.03 9057.60 158.70 USD Million [+]
Tourism Revenues 2458027.55 1794008.16 2458027.55 158919.00 USD Thousand [+]
Tourist Arrivals 2683.20 1932.22 2683.20 56.59 Thousand [+]
Gold Reserves 120.00 120.00 125.35 2.55 Tonnes [+]
Crude Oil Production 1787.00 1849.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -17.50 -10.90 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1836.32 -2381.84 1836.32 -4419.83 1980 - 2018 USD Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -1415.36 Jan/19
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -3247399.00 Dec/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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