Mexico Trade

Mexico

Mexico: Exports and imports contract for second consecutive month

March 27, 2015

In February, the trade balance showed a USD 560 million surplus. The reading came in slightly below the USD 920 million surplus observed in the same month last year. In the 12 months up to February, the trade balance incurred a deficit of USD 2.9 billion (January: USD 2.5 billion deficit), which is the largest accumulated deficit seen since October 2013.

According to the National Statistics Institute (INEGI), exports recorded USD 29.7 billion in February, which represented a 2.6% annual contraction. The reading followed the 1.8% contraction decrease recorded in January. Imports reached USD 29.1 billion in February, marking a 1.4% year-on-year decrease (January: -1.4% year-on-year).

LatinFocus Consensus Forecast panelists expect exports to increase 6.6%, reaching USD 428 billion in 2015, while imports are expected to expand 7.2% and reach USD 436 billion. For 2016, the panel expects exports and imports to increase 8.1% and 7.4%, respectively.


Author:, Senior Economist

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Mexico Trade Chart


Mexico Trade12m February 2015

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Mexico National Statistics Institute (INEGI)


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