Mexico Balance of Trade  1980-2018 | Data | Chart | Calendar | Forecast

Mexico recorded a trade deficit of USD 1587.0 million in May of 2018, compared with USD 1203.1 million a year ago and worse than market expectations of a USD 665 million shortfall. It was the largest trade gap for a May month so far. Imports jumped 11.5 percent to a record high, as rising oil prices pushed up the value of oil purchases while exports grew at a softer 10.9 percent. Balance of Trade in Mexico averaged -302.86 USD Million from 1980 until 2018, reaching an all time high of 1713.32 USD Million in March of 2018 and a record low of -4419.83 USD Million in January of 2018.

Mexico Balance of Trade
width
height
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.




Mexico Posts Largest Trade Gap on Record for May


Mexico recorded a trade deficit of USD 1587.0 million in May of 2018, compared with USD 1203.1 million a year ago and worse than market expectations of a USD 665 million shortfall. It was the largest trade gap for a May month so far. Imports jumped 11.5 percent to a record high, as rising oil prices pushed up the value of oil purchases while exports grew at a softer 10.9 percent.

Year-on-year, imports surged 11.5 percent to a record high of USD 40,764 million in May 2018. Oil purchases soared 51.3 percent to USD 4,458 million; and non-oil imports advanced 8.1 percent to USD 36,306 million, boosted by consumer goods (12.6 percent), intermediate goods (11.7 percent) and capital goods (9.1 percent).

On the other hand, exports rose at a softer 10.9 percent to USD 39,177 million. Non-oil sales, which represented around 93 percent of total exports, grew 7.8 percent to USD 36,346 million. Shipments went up for manufactured products (7.8 percent), namely steel products (39.9 percent); machinery and special equipment for diverse industries (15.1 percent); professional and scientific equipment (9.6 percent); automotive products (5.5 percent) and electrical and electronic equipment and appliances (2.7 percent). In addition, sales of mining products rose 38.5 percent. Meanwhile, those for agricultural goods showed no growth, as increases registered in exports of citrus (60.4 percent); cucumber (41.6 percent); pepper (23.2 percent); mango (20.5 percent) and fruits and edible fruits (16.8 percent) were offset by declines in the ones of avocados (-41.5 percent) and fresh vegetables (-15.6 percent).

Oil sales rose 73.6 percent to USD 2,831 million in May 2018. Mexico exported 1.222 million barrels a day, above 0.958 million a year ago. Crude oil prices were up to USD 62.83 a barrel, USD 18.95 more than in May of 2017.

Non-oil dispatches to the US, which accounted for more than 80 percent of total sales, increased 6.5 percent, supported by exports of other products (8.9 percent) and autos (1.6 percent). Exports to the rest of the world advanced at a faster 13.9 percent, with sales of autos rising 25.9 percent and those of other products increasing 9.0 percent.

On a seasonally adjusted monthly basis, the trade deficit widened to USD 1368 million from USD 695 million, as imports grew at a faster 1.66 percent and exports went up 0.05 percent.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/27/2018 3:32:51 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-27 01:00 PM Balance of Trade $1.918B $1.062B $0.228B $ 0.5B
2018-05-25 01:00 PM Balance of Trade $-0.289B $1.713B $0.931B $ 2.4B
2018-06-27 01:00 PM Balance of Trade $-1.587B $-0.289B $-0.665B $-2.0B
2018-07-27 01:00 PM Balance of Trade $-1.587B $-0.665B $ 0.8B
2018-08-27 01:00 PM Balance of Trade $1.8B
2018-09-27 01:00 PM Balance of Trade $-1.5B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -1587.00 -289.00 1713.32 -4419.83 USD Million [+]
Exports 39177.09 37180.56 39445.70 1225.59 USD Million [+]
Imports 40763.85 37469.70 40763.85 647.02 USD Million [+]
Current Account -6940.80 -2872.10 2173.70 -10383.70 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
External Debt 453548.00 437366.80 453548.00 0.70 MXN Billion [+]
Terms of Trade 48.29 49.01 106.34 43.37 Index Points [+]
Foreign Direct Investment 9502.40 5903.80 20854.60 -63.90 USD Million [+]
Remittances 7035.50 7505.50 7505.50 158.70 USD Million [+]
Tourism Revenues 1686629.85 1791317.15 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 1783.60 1827.57 2682.33 56.59 Thousand [+]
Gold Reserves 120.10 120.20 125.35 2.55 Tonnes [+]
Crude Oil Production 1888.00 1919.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -24.00 204.90 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1587.00 -289.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16704.70 Apr/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia -1523.60 May/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


Related

Latest