Mexico's trade surplus narrowed to USD 2.681 billion in February of 2021 from USD 2.867 billion in the corresponding month of the previous year. Exports decreased 1.1 percent from a year earlier to USD 36.190 billion, due to a 1.7 percent drop in non-oil exports, while oil sales surged 10.7 percent. Meantime, imports edged down 0.6 percent to USD 33.509 billion, dragged down by purchases of consumer goods (-10.8 percent), while imports rose in intermediate goods (0.5percent) and capital goods (4.8 percent). source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -219.09 USD Million from 1980 until 2021, reaching an all time high of 6262 USD Million in December 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 April of 2021.
Balance of Trade in Mexico is expected to be -2500.00 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 2500.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 2500.00 USD Million in 2022 and 1500.00 USD Million in 2023, according to our econometric models.