Mexico posted a USD 790.4 billion trade surplus in November of 2019, compared to a USD 2.3 billion gap a year earlier and markets expectations of USD 0.25 billion deficit. Imports slumped 10.3 percent year-on-year, the biggest annual decline since October of 2009, as shipments were down across all sectors. Exports declined at a softer 2.9 percent, with non-oil shipments to the US, the biggest export market, shrinking 0.7 percent. Auto sales to the US declined 1.8 percent. Considering the first eleven months of the year, the country recorded a USD 2.75 billion surplus. Balance of Trade in Mexico averaged -306.55 USD Million from 1980 until 2019, reaching an all time high of 2561.01 USD Million in June of 2019 and a record low of -4642.52 USD Million in January of 2019. source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico is expected to be -800.00 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 1000.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1500.00 USD Million in 2020, according to our econometric models.


Ok
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.

Please Paste this Code in your Website
width
height
Mexico Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
790.35 -725.62 2561.01 -4642.52 1980 - 2019 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 11:00 AM Aug $0.775B $-1.117B $1.304B $-1.5B
2019-10-28 12:00 PM Sep $-0.116B $0.775B $0.245B $0.35B
2019-11-27 12:00 PM Oct $-0.726B $-0.116B $-1.714B $-2.0B
2019-12-27 12:00 PM Nov $0.79B $-0.726B $-0.245B $-1.4B
2020-01-28 12:00 PM Dec $0.79B $0.138B $0.5B


News Stream
2019-11-27
Mexico Trade Gap Narrows Sharply in October
Mexico’s trade deficit narrowed sharply to USD 726 million in October 2019 from USD 2934 million in the corresponding month of the previous year and compared with market expectations of a USD 1714 million shortfall. Imports fell 6.4 percent over a year earlier while exports went down at a softer 1.5 percent. Considering the first ten months of the year, the country recorded a USD 1962 million surplus.

2019-10-28
Mexico Posts Smallest Trade Gap in Over 2 Years
Mexico’s trade deficit narrowed to USD 116 million in September 2019 from USD 301 million in the corresponding month of the previous year and compared with market expectations of a USD 245 million surplus. It was the smallest trade gap since June 2017, as imports dropped 1.8 percent over a year earlier while exports fell at a softer 1.3 percent. Considering the first nine months of the year, the country recorded a USD 2687 million surplus.

2019-09-27
Mexico August Trade Balance Swings to Surplus
Mexico’s trade balance shifted to a USD 775 million surplus in August 2019 from a USD 2584 million deficit in the same month of the previous year and compared with market expectations of a USD 1304 million surplus. Exports increased 2.2 percent over a year earlier while imports dropped 5.9 percent. Considering the first eight months of the year, the country posted a USD 2804 million surplus.

2019-08-27
Mexico Trade Gap Narrows in July
Mexico’s trade deficit narrowed to USD 1117 million in July 2019 from USD 2870 million in the corresponding month of the previous year and compared with market expectations of a USD 460 million surplus. It was the smallest trade gap in ten months, as exports rose 7 percent over a year earlier and imports increased at a softer 2 percent. Considering the first seven months of the year, the country recorded a USD 2028 million surplus.

2019-07-26
Mexico Posts Largest Trade Surplus on Record
Mexico’s trade balance shifted to a USD 2561 million surplus in June 2019 from a USD 899 million gap in the same month of the previous year and beating market forecasts of a USD 460 million surplus. It was the largest trade surplus on record, as exports rose 1.6 percent over a year earlier driven by non-oil sales and imports dropped 7.8 percent. Considering the first half of the year, the country posted a USD 3145 million trade surplus.

2019-06-27
Mexico May Trade Balance Swings to Surplus
Mexico’s trade balance shifted to a USD 1031 million surplus in May 2019 from a USD 1587 million deficit in the corresponding month of the previous year and beating market expectations of a USD 1.03 billion shortfall. Exports increased 6.7 percent year-on-year and imports rose at a softer 0.1 percent. Considering the first five months of the year, the country recorded a USD 584 million trade surplus.


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). .

Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 790.35 -725.62 2561.01 -4642.52 USD Million [+]
Current Account 2013.30 4520.50 4520.50 -11314.10 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 36705.37 41456.27 44290.89 647.02 USD Million [+]
Exports 37495.72 40730.66 41825.44 1225.59 USD Million [+]
External Debt 449495.50 457279.90 457279.90 0.70 USD Million [+]
Terms of Trade 49.22 48.83 106.34 43.37 points [+]
Foreign Direct Investment 7332.00 6234.70 21010.90 -63.90 USD Million [+]
Remittances 9725.69 9402.60 9725.69 158.70 USD Million [+]
Tourism Revenues 1897194.44 1622841.51 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 1998.95 1633.72 2683.20 56.59 Thousand [+]
Gold Reserves 120.06 120.03 125.30 2.50 Tonnes [+]
Crude Oil Production 1733.00 1708.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 4.08 3.53 4.51 1.35 [+]
Capital Flows -8.60 -2.20 12079.70 -3457.70 USD Million [+]
Auto Exports 229.23 268.30 323.63 9.50 Thousand Units [+]