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

Balance of Trade in Mexico averaged -224.72 USD Million from 1980 until 2021, reaching an all time high of 6262 USD Million in December 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 May of 2021.

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 1000.00 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
-3003.60 2681.00 6262.00 -4625.28 1980 - 2021 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 12:00 PM Dec $6.262B $3.032B $4.6B $5.3B
2021-02-26 12:00 PM Jan $-1.236B $6.262B $4.5B
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 $-3.004B $-0.6B
2021-06-28 11:00 AM May
2021-07-27 11:00 AM Jun $ 1.3B
2021-08-27 11:00 AM Jul


News Stream
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 Trade Gap Shrinks in January
Mexico's trade deficit narrowed to USD 1.236 billion in January of 2021 from USD 2.481 billion in the corresponding month of the previous year. Exports fell 2.6 percent from a year earlier to USD 32.704 billion and after hitting a record high in December, due to a 1.4 percent drop in non-oil exports, and a 20.1 percent slump in oil sales. Within non-oil sales, those to the US went down 1.4 percent. Meantime, imports tumbled at a faster 5.9 percent to USD 33.941 billion, dragged down by purchases of consumer goods (-20.5 percent); intermediate goods (-2.6 percent and capital goods (-10.9 percent).
2021-02-26
Mexico Trade Surplus Widens as Exports Hit Record High
Mexico's trade surplus widened to USD 6.262 billion in December of 2020 from USD 3.134 billion in the corresponding month of the previous year, above market expectations of USD 4.6 billion. Exports soared 11.5 percent year-on-year to a record high of USD 43.163 billion, due to a 13.1 percent growth in non-oil exports, mainly to the US (13.9 percent); while oil sales sank 14.2 percent. Meantime, imports rose at a softer 3.7 percent to USD 36.901 billion, due to higher purchases of non-oil products (5.5 percent) while those of oil declined 12.5 percent. Also, imports of intermediate goods rose 6.7 percent, while imports of consumer goods (-6.7 percent) and capital goods (-4.9 percent) declined. Considering full 2020, the country’s trade surplus rose to USD 34.48 billion from USD 5.409 billion in 2019.
2021-01-28

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). .