Mexico’s trade balance shifted to a USD 3,807 million deficit in April 2020 from a USD 1,370 surplus in the same month of the previous year and well below market expectations of a USD 2.04 million surplus. It was the largest trade gap since January last year, amid the coronavirus crisis. Exports plunged 40.9 percent over a year earlier to an over ten-year low of USD 23,385 million, as sales of oil slumped 66.4 percent and those of non-oil dropped 39.4 percent. The country exported 1.179 million barrels of crude oil per day, higher than 1.023 million barrels a year earlier, while the price was USD 14.18 per barrel, $47.68 below the price in April 2019. Non-oil exports to the US went down 40.7 percent, driven by automotive (-80 percent) and other goods (-20.2 percent). Imports declined 30.5 percent to an over nine-year low of USD 26,742 million, due to lower purchases of intermediate goods (-28.1 percent); consumption (-46.5 percent); capital (-26.7 percent); and oil (-53 percent).

Balance of Trade in Mexico averaged -296.52 USD Million from 1980 until 2020, reaching an all time high of 3335.53 USD Million in March 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 June of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)

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 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 2021 and 1500.00 USD Million in 2022, according to our econometric models.

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Mexico Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3087.40 3335.53 3335.53 -4625.28 1980 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-28 12:00 PM Jan $-2.416B $3.068B $-2.653B $-2.1B
2020-03-27 12:00 PM Feb $2.911B $-2.416B $0.95B $0.8B
2020-04-28 11:00 AM Mar $3.392B $2.911B $2.4B $2.2B
2020-05-25 11:00 AM Apr $-3.087B $3.336B $2.04B $2.9B
2020-06-26 11:00 AM May $-3.087B $-3.3B
2020-07-27 11:00 AM Jun $-2.5B
2020-08-27 11:00 AM Jul
2020-09-28 11:00 AM Aug


News Stream
Mexico Trade Balance Swings to Deficit in April
Mexico’s trade balance shifted to a USD 3,807 million deficit in April 2020 from a USD 1,370 surplus in the same month of the previous year and well below market expectations of a USD 2.04 million surplus. It was the largest trade gap since January last year, amid the coronavirus crisis. Exports plunged 40.9 percent over a year earlier to an over ten-year low of USD 23,385 million, as sales of oil slumped 66.4 percent and those of non-oil dropped 39.4 percent. The country exported 1.179 million barrels of crude oil per day, higher than 1.023 million barrels a year earlier, while the price was USD 14.18 per barrel, $47.68 below the price in April 2019. Non-oil exports to the US went down 40.7 percent, driven by automotive (-80 percent) and other goods (-20.2 percent). Imports declined 30.5 percent to an over nine-year low of USD 26,742 million, due to lower purchases of intermediate goods (-28.1 percent); consumption (-46.5 percent); capital (-26.7 percent); and oil (-53 percent).
2020-05-25
Mexico Posts Largest Trade Surplus on Record
Mexico’s trade surplus widened to USD 3,392 million in March 2020 from USD 1,486 million in the corresponding month of the previous year and beating market expectations of a USD 2.40 billion surplus. It was the largest trade surplus on record, as imports dropped 6.7 percent over a year earlier to USD 35,007 million mainly due to lower purchases of intermediate goods (-4.6 percent); capital (-18.1 percent); consumption (-11.5 percent) and oil (-20.6 percent). Exports fell 1.6 percent to USD 38,399 million, as sales of oil declined 47.1 percent while those of non-oil rose 1.3 percent. The country exported 1.131 million barrels of crude oil per day, lower than 1.150 million barrels a year earlier, while the price was USD 29.12 per barrel, $29.79 below the price in March 2019. Non-oil exports to the US went up 1.2 percent, driven by other goods (6.2 percent). Considering the first quarter of the year, the country recorded a USD 3,887 million trade surplus.
2020-04-28
Mexico Trade Surplus Widens Sharply in February
Mexico’s trade surplus widened to USD 2,911 million in February 2020 from USD 1,340 million in the same month of the previous year and beating market expectations of a USD 0.95 billion surplus. Exports rose 0.6 percent over a year earlier to USD 36,634 million, driven by higher sales of both non-oil (3.1%), of which manufacturing products (3.2%) and agricultural (2.8%), while those of oil dropped 32 percent. The country exported 1.093 million barrels of crude oil per day, lower than 1.475 million barrels a year earlier, while the price was USD 48.55 per barrel, $7.69 below the price in February 2019. Non-oil exports to the US increased 4.4 percent, boosted by automotive (6.6%) and other goods (3.2%). Imports declined 3.9 percent to USD 33,724 million, due to lower purchases of intermediate goods (-3.7%); capital (-11.1%); and oil (-8.7%).
2020-03-27
Mexico Trade Gap Narrows in January
Mexico’s trade deficit narrowed sharply to USD 2,415.8 million in January of 2020 from USD 4,642.5 million in the corresponding month of the previous year and compared with market expectations of a USD 2.653 million shortfall. Exports advanced 3.2 percent over a year ago to USD 33,653.1 million, boosted by sales of both oil (13.7 percent) and non-oil (2.5 percent), particularly manufacturing products (2.0 percent), agricultural (4.5 percent) and extractive (32.3 percent). Meantime, imports went down 3.2 percent to USD 36,068.9 million, dragged by lower purchases of intermediate goods (-3.5 percent); capital goods (-13.6 percent) and oil (-0.4 percent).
2020-02-28

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). .