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). source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico averaged -220.57 USD Million from 1980 until 2021, reaching an all time high of 6223.77 USD Million in October 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 July of 2021.

Balance of Trade in Mexico is expected to be 1300.00 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 350.00 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.

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Mexico Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
340.00 1501.00 6223.77 -4625.28 1980 - 2021 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-26 12:00 PM Feb $2.681B $-1.236B $2.815B $2.6B
2021-04-27 11:00 AM Mar $-3.004B $2.681B $3.2B $3B
2021-05-25 11:00 AM Apr $1.501B $-2.953B $0.85B $1.7B
2021-06-28 11:00 AM May $0.34B $1.501B $1.2B $1.3B
2021-07-27 11:00 AM Jun $0.34B $ 1.3B
2021-08-27 11:00 AM Jul
2021-09-27 11:00 AM Aug
2021-10-27 12:00 PM Sep $ -0.8B


News Stream
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 Trade Balance Switches to Surplus in April
Mexico reported a USD 1.501 billion trade surplus in April of 2021 from a USD 3.234 billion deficit in the corresponding month of the previous year and beat market expectations of a USD 0.85 billion surplus. Exports surged 75.6 percent from a year earlier to USD 40.772 billion, the most for an April month on record, due to a 73.1 percent jump in shipments of the non-oil sector, mainly manufacturing industries (79.4 percent); while sales in the oil sector soared 139.0 percent. Meantime, imports went up 48.4 percent to USD 39.272 billion, on account of a 46.1 percent rise in non-oil purchases, namely intermediate goods (49.0 percent), consumer goods (62.9 percent), and capital goods (26.8 percent); and a 76.4 percent increase in oil imports.
2021-05-25
Mexico Balance of Trade Switches to Deficit in March
Mexico reported a USD 3.004 billion trade deficit in March of 2021 from a USD 3.336 billion surplus in the corresponding month of the previous year and missed market expectations of a USD 3.2 billion surplus. Exports jumped 12.2 percent from a year earlier to USD 43.003 billion, due to a 10.2 percent rise in shipments of the non-oil sector, mainly manufacturing industries (9.9 percent), agriculture (5.0 percent), and mining (38.0 percent); and a 70.8 percent surge in oil sales. Meantime, imports surged 31.4 percent to USD 46.007 billion, on a 24.0 percent rise in non-oil purchases, namely intermediate goods (33.8 percent), consumer goods (16.2 percent), and capital goods (31.1 percent); and a 104.7 percent surge in oil imports.
2021-04-27
Mexico Trade Surplus Narrows in February
Mexico's trade surplus narrowed to USD 2.681 billion in February of 2021 from USD 2.868 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).
2021-03-26

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). .