Imports to Mexico declined 10.3 percent year-on-year to USD 36.7 billion in November of 2019. It is the biggest annual decline since October of 2009, mainly due to a broad based fall in foreign purchases. Declines were seen in oil related imports (-26.2 percent), namely gasoline and gas butane and propane and non-oil ones (-8.2 percent). Purchases fell for consumption (-5.5 percent), intermediate (-11.1 percent) and capital goods (-11.3 percent). Considering the first eleven months of 2019, imports rose 2.1 percent to USD 419.7 billion. Imports in Mexico averaged 14864.32 USD Million from 1980 until 2019, reaching an all time high of 44290.89 USD Million in October of 2018 and a record low of 647.02 USD Million in January of 1983. source: Instituto Nacional de Estadística y Geografía (INEGI)
Imports in Mexico is expected to be 38500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Mexico to stand at 36600.00 in 12 months time. In the long-term, the Mexico Imports is projected to trend around 39500.00 USD Million in 2020, according to our econometric models.