Mexico city at goldenhour

Mexico Trade August 2019

Mexico: Exports growth moderates in August

Exports increased 2.2% year-on-year in August, which was below July’s firm 7.0% expansion. The slowdown was mainly driven by a dive in oil exports, which contracted 29.1% (July: -14.1% year-on-year), and a moderation of manufacturing sales abroad (August: +3.7% yoy; July: +7.9% yoy).

Imports fell 5.9% over the same month last year in August, contrasting the 2.0% rise registered in July. The downturn largely reflected sharp declines in the purchase of intermediate goods and consumption goods, which contracted 3.7% and 11.9% respectively (July: +5.0% yoy and -0.7% yoy, respectively).

Meanwhile, the merchandise trade balance recorded a surplus of USD 775 million in August, contrasting the USD 2.6 billion deficit registered in the same month a year ago. Moreover, the 12-month rolling trade deficit narrowed to USD 893 million in August from USD 4.3 billion in July.

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