Exports in Mexico
Mexico - Exports
Exports rebound in the final month of 2019
Exports rose 3.0% year-on-year in December 2019, rebounding from November’s 2.9% dip and putting an end to three consecutive months of falling exports. The upturn was mainly driven by a solid recovery of overseas shipments of manufactured goods.
In contrast, imports slipped 0.3% over the same month of 2018 in December, following the 10.3% plunge logged in November. The softer contraction mainly reflected a weaker decline in the purchase of intermediate goods as well as a rebound in consumer goods imports compared to November.
Meanwhile, the merchandise trade balance recorded a surplus of USD 3.1 billion in December, larger than the USD 1.9 billion surplus logged in the same month of 2018. Moreover, the 12-month rolling trade balance climbed to a USD 5.8 billion surplus in December from a USD 4.6 billion surplus in November.
LatinFocus analysts expect exports to reach USD 480 billion in 2020, which would represent a 3.2% year-on-year expansion. Meanwhile, imports are expected to expand 4.1% and reach USD 484 billion. For 2021, the panel expects exports to reach USD 503 billion and expand 4.8%, while imports are expected to expand 4.6% and reach USD 506 billion.
Mexico - Exports Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 397 | 381 | 374 | 409 | 451 |
Mexico Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.87 | -0.24 % | Dec 31 |
| Exchange Rate | 18.93 | -0.29 % | Jan 01 |
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Economic News
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Mexico: Economy contracts for third quarter running in Q4 2019
February 25, 2020
A comprehensive GDP estimate released by the Statistical Institute (INEGI) on 25 February showed that output fell 0.5% on an annual basis in the final quarter of 2019, more sharply than the 0.3% drop reported in the preliminary estimate and marking the third consecutive quarter of decline (Q3 2019: -0.3% year-on-year).
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Mexico: Economic activity picks up slightly at 2019-end
February 25, 2020
The monthly indicator for economic activity (IGAE) climbed 0.2% in seasonally-adjusted, month-on-month terms in December 2019, following November’s 0.1% uptick. December’s print reflected a mixed performance across the major sectors.
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Mexico: Banxico axes rate for fifth consecutive time in February to revive activity
February 13, 2020
At its first meeting of the year on 13 February, the Governing Board of the Bank of Mexico (Banxico) unanimously decided to slash the target for the overnight interbank interest rate by 25 basis points to 7.00%, marking the fifth consecutive cut and coming in line with market expectations.
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Mexico: Inflation bounces back from over three-year low in January
February 7, 2020
Consumer prices rose 0.48% from the previous month in January, following the 0.56% month-on-month increase logged in December.
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Mexico: Consumer sentiment edges up in January
February 7, 2020
Consumer confidence improved slightly at the outturn of 2020, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 44.2 points in January, up from December’s 43.5 reading.
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