Mexico Trade


Mexico: Trade balance records fifth consecutive month of surplus

July 25, 2014

In June, the trade surplus totaled USD 424 million. The reading came in below both the USD 920 million surplus registered in the same month last year and the USD 756 million surplus the market had expected. June’s result marked the fifth consecutive month of surplus. Moreover, in the 12 months up to June, the sum of the trade balance incurred a surplus of USD 584 million.

June’s trade surplus stemmed from a healthy increase in exports. Imports grew notably in June as well. Mexico’s overseas sales totaled USD 33.5 billion, which represented a 7.7% increase over the same month last year and came in above the 4.7% expansion registered in May. The Statistics Institute reported that non-petroleum products grew 8.0% annually, while petroleum products increased 5.1%. Meanwhile, imports recorded USD 33.1 billion in June, representing a strong 9.6% expansion in annual terms (May: +2.8% year-on-year).

LatinFocus Consensus Forecast panelists expect exports to increase 6.6%, reaching USD 405 billion in 2014, while imports are expected to expand 8.0% and reach USD 412 billion. For 2015, the panel expects exports and imports to increase 7.8% and 8.1% respectively.

Author:, Senior Economist

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Mexico Trade Chart

Mexico Trade12m June 2014

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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