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.