Mexico's trade balance shifted to a USD 4.38 billion surplus in September 2020 from a USD 0.15 billion deficit in the same month of the previous year and above market expectations of a USD 3.795 billion surplus. Exports rose 3.7 percent over a year earlier to USD 38.55 billion due to higher sales of non-oil products (5.1 percent), while those of oil dropped (-22.1 percent). The country exported 1.023 million barrels of crude oil per day, higher than 0.095 million barrels a year earlier, while the price was USD 38.06 per barrel, $17.04 below the price in September 2019. Non-oil exports to the US went up 5.8 percent, in particular other goods (9 percent) and automotive (0.2 percent). Imports dropped 8.5 percent to USD 34.16 billion, as purchases declined for intermediate goods (-5.9 percent); consumption (-23.8 percent); capital (-8.4 percent); and oil (-27.4 percent). Considering the first nine months of the year, the country recorded a USD 18.96 billion surplus. source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -256.02 USD Million from 1980 until 2020, reaching an all time high of 6115.74 USD Million in August of 2020 and a record low of -4625.28 USD Million in January of 2019. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
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 1300.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1000.00 USD Million in 2021 and 1500.00 USD Million in 2022, according to our econometric models.