Mexico city at goldenhour

Mexico Trade Balance October 2021

Mexico: Merchandise exports flatline in October

Merchandise exports were flat over the same month last year in October, on the heels of September’s 8.1% upturn. October’s result marked the weakest reading since February. The result was due to surging energy exports offsetting lower non-energy exports. Meanwhile, merchandise imports rose 25.1% on an annual basis in October (September: +29.1% yoy), marking the worst result since February 2021.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.7 billion deficit in October (September 2021: USD 2.4 billion deficit; October 2020: USD 6.3 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 2.8 billion deficit in October, compared to the USD 6.1 billion surplus in September.

Panelists surveyed for this month’s LatinFocus report project merchandise exports to rise 5.4% in 2022 and merchandise imports to grow 5.7%, pushing the trade balance to a USD 6.6 billion surplus. For 2023, our panel sees merchandise exports increasing 5.7% and merchandise imports rising 7.6%, with a trade balance of USD -2.3 billion.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest