Mexico city at goldenhour

Mexico Trade Balance November 2020

Mexico: Merchandise exports rise at a more moderate pace in November

Merchandise exports rose 2.3% annually in November (October: +2.9% year-on-year). The print marked the third month running of rising exports, following six months of contractions since February due to the pandemic. The moderation in growth in November was primarily driven by softer manufacturing exports, spearheaded by declining auto shipments.

In contrast, merchandise imports fell 3.9% on an annual basis in November (October: -13.8% yoy), marking the best result since February 2020. The improvement was broad-based, with softer drops recorded in consumer, intermediate and capital goods.

As a result, the merchandise trade balance recorded a USD 3.0 billion surplus in November, up from the USD 0.8 billion surplus logged in the same month of 2019 (October 2020: USD 6.2 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 31.4 billion surplus in November, compared to the USD 29.1 billion surplus in October.

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