Mexico Trade


Mexico: Exports and imports expand in March after two consecutive contractions

April 27, 2015

In March, the trade balance showed a USD 480 million surplus, which came in below the USD 950 million surplus registered in the same month last year. Despite the surplus observed in March, an accumulated USD 3.3 billion trade deficit was recorded in the 12 months up to March. The reading represented the largest shortfall since October 2013.

According to the National Statistics Institute (INEGI), Mexican overseas sales recorded USD 31.4 billion in March, which represented a 2.7% increase in annual terms (February: -2.6% year-on-year). Meanwhile, imports registered USD 33.7 billion in March, which marked a rebound compared to the previous month (March: +4.3% yoy, February: -1.4%). The expansion in both exports and imports followed two consecutive months of contraction.

LatinFocus Consensus Forecast panelists expect exports to increase 3.7%, reaching USD 412 billion in 2015, while imports are expected to expand 4.6% and reach USD 418 billion. For 2016, the panel expects exports and imports to increase 7.4% and 7.7%, respectively.

Author:, Senior Economist

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Mexico Trade Chart

Mexico Trade12m March 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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