Mexico city at goldenhour

Mexico Trade Balance April 2022

Mexico: Merchandise exports grow at a slower rate in April

Merchandise exports shot up 16.0% in annual terms in April (March: +20.6% year-on-year). This was largely due to surging oil prices. Meanwhile, merchandise imports shot up 25.7% over the same month last year in April (March: +12.7% yoy), also as a result of pricier energy, as non-energy imports broadly stagnated.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.9 billion deficit in April (March 2022: USD 0.1 billion surplus; April 2021: USD 1.7 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 18.0 billion deficit in April, compared to the USD 14.4 billion deficit in March.

Panelists surveyed for this month’s LatinFocus report project merchandise exports to rise 5.7% in 2022 and merchandise imports to grow 6.2%, pushing the trade balance to USD -14.9 billion. For 2023, our panel sees merchandise exports increasing 4.1% and merchandise imports rising 4.5%, with a trade balance of USD -18.0 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