Mexico Trade December 2019

Mexico

Mexico: Exports rebound in the final month of 2019

January 28, 2020

Exports rose 3.0% year-on-year in December 2019, rebounding from November’s 2.9% dip and putting an end to three consecutive months of falling exports. The upturn was mainly driven by a solid recovery of overseas shipments of manufactured goods.

In contrast, imports slipped 0.3% over the same month of 2018 in December, following the 10.3% plunge logged in November. The softer contraction mainly reflected a weaker decline in the purchase of intermediate goods as well as a rebound in consumer goods imports compared to November.

Meanwhile, the merchandise trade balance recorded a surplus of USD 3.1 billion in December, larger than the USD 1.9 billion surplus logged in the same month of 2018. Moreover, the 12-month rolling trade balance climbed to a USD 5.8 billion surplus in December from a USD 4.6 billion surplus in November.

LatinFocus analysts expect exports to reach USD 480 billion in 2020, which would represent a 3.2% year-on-year expansion. Meanwhile, imports are expected to expand 4.1% and reach USD 484 billion. For 2021, the panel expects exports to reach USD 503 billion and expand 4.8%, while imports are expected to expand 4.6% and reach USD 506 billion.


Author:, Economist

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Mexico Trade12m December 2019

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 Statistical Institute (INEGI)


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