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.