Mexico Trade August 2018

Mexico

Mexico: Trade deficit unchanged in August

September 27, 2018

Merchandise trade recorded a USD 2.6 billion deficit in August unchanged from the shortfall registered in August 2017. The result was, however, slightly smaller than the USD 2.9 billion shortfall recorded in July.

Behind the result was solid export growth which grew 10.0% year-on-year (July: +14.2% yoy). Import growth, meanwhile, moderated notably from 17.6% in July to 9.4% in August.

The 12-month trailing trade deficit was unchanged at July’s USD 13.8 billion in August, considerably wider than the USD 9.5 billion deficit recorded in August 2017.

Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 443 billion in 2018, which would represent a 8.1% expansion compared to the previous year. Meanwhile, imports are expected to grow 8.1% and reach USD 454 billion. For 2019, the panel expects exports to expand 6.1% and imports to expand 6.4%.


Author: Angela Bouzanis, Lead Economist

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Mexico Trade12m August 2018

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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