Mexico Trade

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Mexico: Trade deficit continues to widen in January

February 26, 2015

In January, the trade balance showed a USD 3.2 billion deficit. The reading matched the deficit observed in the same month last year and was also in line with market expectations. In the 12 months up to January, the trade balance incurred a deficit of USD 2.5 billion. The reading followed the USD 2.4 billion that was observed in the 12 months up to December.

January’s trade deficit reflected a deterioration in exports, which totaled USD 26.6 billion in January and represented a 1.8% contraction in annual terms (December: +6.4% year-on-year). Meanwhile, imports reached USD 29.8 billion in January, marking a 1.4% contraction annually (December: +11.2% yoy).

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 January 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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