Mexico Trade August 2018

Mexico

Mexico: Trade deficit narrows in September

October 26, 2018

Merchandise trade recorded a USD 0.2 billion deficit in September, down significantly from the USD 1.9 billion shortfall registered in the same month a year ago. Moreover, the result was considerably smaller than the revised USD 2.6 billion deficit recorded in August (previously reported: USD 2.9 billion).

Export growth on an annual basis accelerated to 11.9% from 10.0% in August, boosted by stronger manufacturing gains. Import growth, meanwhile, moderated to 6.4% year-on-year—from 9.4% in August—on sizably weaker consumer-good imports.

The 12-month trailing trade deficit narrowed to USD 12.1 billion from USD 13.8 billion in August.

Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 472 billion in 2019, which would represent a 6.3% year-on-year expansion. Meanwhile, imports are expected to grow 6.6% and reach USD 486 billion. For 2020, the panel expects exports to expand 8.7% and imports to expand 9.1%.


Author:, Economist

Sample Report

Looking for forecasts related to Trade in Mexico? Download a sample report now.

Download

Mexico Trade Chart


Mexico Trade12m August 2018 1

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)


Mexico Economic News

More news

Search form