Mexico Trade May 2016

Mexico

Mexico: Trade deficit narrows slightly in May

June 27, 2016

In May, the trade deficit totaled USD 0.5 billion, which marked an improvement over the USD 2.1 billion deficit registered in April. May’s reading was also an improvement compared to the USD 1.1 billion deficit recorded in May last year. The reading suggests a slight improvement in Mexico’s external sector, with exports returning to growth and the decline in imports remaining stable. This has led to a marginal improvement in the 12-month rolling deficit, which came in at USD 17.9 billion in May (April: USD 18.5 billion deficit).

Exports increased 0.3% annually in May, which contrasted a 7.8% decline in April and marked the first expansion in nearly a year. Meanwhile, imports decreased 1.6% in May, in line with the contraction seen in April.

Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 379 billion in 2016, which will represent a 0.4% expansion compared to the previous year. Meanwhile, imports are expected to expand 0.1% and reach USD 395 billion. For 2017, the panel expects exports and imports to increase 5.7% and 5.8%, respectively.


Author:, Economist

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Mexico Trade12m May 2016 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)


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