Mexico’ reported a trade deficit of USD 3.9 billion in August of 2021 from a surplus of USD 6.1 billion in the corresponding month of 2020 and the highly deviated market expectations of a USD 1.06 billion trade gap. Imports jumped by 43.3 percent to USD 44.2 billion, boosted by inbound purchases of intermediate goods (44.5 percent to USD 45.5 billion), consumer goods (43.9 percent to USD 5.3 billion), and capital goods (31.2 percent to USD 3.4 billion). At the same time, exports rose by 9 percent to USD 40.3 billion driven by a 6.9 percent rise in outbound sales of non-oil exports to 37.7 billion, namely within mining goods (23.6 percent to USD 0.9 billion), agricultural products (20.4 percent to USD 1.3 billion), and manufactured products (6.1 percent to USD 35.6 billion), while oil products exports increased by 53.1 percent to USD 2.6 billion. On a monthly basis, the trade deficit narrowed from the 2-1/2 year record gap of USD 4.06 billion in July. source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico averaged -234.12 USD Million from 1980 until 2021, reaching an all time high of 6256.09 USD Million in October of 2020 and a record low of -4625.57 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 2021.

Balance of Trade in Mexico is expected to be -800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Mexico Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-06-28 11:00 AM May $0.34B $1.501B $1.2B $1.3B
2021-07-27 11:00 AM Jun $0.76B $0.34B $1.7B $ 1.3B
2021-08-27 11:00 AM Jul $-4.063B $0.762B $1.5B
2021-09-27 11:00 AM Aug $-3.902B $-4.063B $-1.064B $-2B
2021-10-27 11:00 AM Sep $-3.902B $ -0.8B
2021-11-26 12:00 PM Oct
2021-12-24 12:00 PM Nov


News Stream
Mexico Posts Trade Gap in August
Mexico’ reported a trade deficit of USD 3.9 billion in August of 2021 from a surplus of USD 6.1 billion in the corresponding month of 2020 and the highly deviated market expectations of a USD 1.06 billion trade gap. Imports jumped by 43.3 percent to USD 44.2 billion, boosted by inbound purchases of intermediate goods (44.5 percent to USD 45.5 billion), consumer goods (43.9 percent to USD 5.3 billion), and capital goods (31.2 percent to USD 3.4 billion). At the same time, exports rose by 9 percent to USD 40.3 billion driven by a 6.9 percent rise in outbound sales of non-oil exports to 37.7 billion, namely within mining goods (23.6 percent to USD 0.9 billion), agricultural products (20.4 percent to USD 1.3 billion), and manufactured products (6.1 percent to USD 35.6 billion), while oil products exports increased by 53.1 percent to USD 2.6 billion. On a monthly basis, the trade deficit narrowed from the 2-1/2 year record gap of USD 4.06 billion in July.
2021-09-27
Mexico Posts Largest Trade Gap in 2-1/2 Years
Mexico posted a trade deficit of USD 4.06 billion in July 2021, the largest gap since a record USD 4.63 billion was recorded in January 2019 and compared with a USD 5.66 billion surplus in the same month last year. Imports jumped 50.6 percent, boosted by purchases of consumer goods (63.7 percent), intermediate goods (51.4 percent), and capital goods (27.4 percent). Meanwhile exports rose at a softer 15.2 percent on the back of sales of oil (104.6 percent) and non-oil products (11.5 percent). Within non-oil, exports were up for manufactured products (10.7 percent) despite a decline in vehicles (-9.7 percent), mining goods (47.7 percent) and agricultural products (15.0 percent).
2021-08-27
Mexico Trade Surplus Narrows Sharply in June
Mexico’s trade surplus narrowed drastically to USD 0.762 billion in June of 2021 from USD 5.536 billion in the same month of the previous year and largely missed market expectations of a USD 1.700 billion surplus. Exports were 29.1 percent higher from a year earlier at USD 42.671 billion, of which non-oil sales rose 26.1 percent to USD 40.046 billion and oil exports soared 103.8 percent to USD 2.625 billion. Non-oil exports to the US increased 20.0 percent and those to the rest of the world expanded 61.8 percent. Meanwhile, imports advanced a faster 52.3 percent to USD 41.909 billion on the back of non-oil purchases (45.1 percent to USD 37.443 billion), namely intermediate goods (49.8 percent to USD 33.313 billion), consumer goods (101.1 percent to USD 5.354 billion), and capital goods (24.3 percent to USD 3.242 billion); and a surge in oil imports (161.7 percent to USD 4.467 billion).
2021-07-27
Mexico Trade Surplus Misses Expectations in May
Mexico reported a USD 0.340 billion trade surplus in May of 2021 compared to a USD 3.462 billion deficit in the corresponding month of the previous year and largely missing market expectations of a USD 1.200 billion surplus. Exports soared 125.2 percent from a year earlier to USD 40.798 billion, as shipments of non-oil rose 124.5 percent mostly manufacturing industries (136.3 percent); and sales of oil were up 137.9 percent. Regarding non-oil exports, sales to the US advanced 124.6 percent and those to other trade partners rose 124 percent. Meantime, imports surged 87.5 percent to USD 40.459 billion as oil purchases increased 184.1 percent and non-oil purchases were up 80.8 percent namely intermediate goods (85.6 percent), consumer goods (84.9 percent), and capital goods (43.0 percent).
2021-06-28

Mexico Last Unit Reference Previous Highest Lowest
Balance of Trade -3902.00 USD Million Aug/21 -4063.00 6256.09 -4625.57
Imports 44215.64 USD Million Aug/21 44950.63 45974.45 647.02
Exports 40313.43 USD Million Aug/21 40887.73 43055.65 1225.59
Auto Exports 195.29 Thousand Units Sep/21 212.69 323.63 9.50


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). .