Exports in Mexico
Mexico - Exports
Exports slip in March
Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts.
Similarly, imports contracted 6.7% over the same month of 2019 in March, following the 3.9% drop logged in February and marking the eighth consecutive month of declining imports. The sharper downturn reflected an across-the-board decline in the purchase of oil, consumer, intermediate and capital goods compared to February.
Meanwhile, the merchandise trade balance recorded a surplus of USD 3.4 billion in March, larger than the USD 1.5 billion surplus logged in the same month of 2019. Moreover, the 12-month rolling trade balance climbed to a USD 11.5 billion surplus in March from a USD 9.6 billion surplus in February.
LatinFocus analysts expect exports to reach USD 402 billion in 2020, which would represent a 12.8% year-on-year fall. Meanwhile, imports are expected to decline 13.6% and reach USD 393 billion. For 2021, the panel expects exports to reach USD 442 billion and expand 9.7%, while imports are expected to expand 11.5% and reach USD 439 billion.
Mexico - Exports Data
|Exports (USD billion)||381||374||409||451||461|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.87||-0.24 %||Dec 31|
|Exchange Rate||18.93||-0.29 %||Jan 01|
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October 7, 2021
Consumer prices rose 0.62% in September over the previous month, picking up from August's 0.19% rise.
October 4, 2021
Consumer confidence came in at 43.4 in September, up from August's 42.6.
October 4, 2021
Remittances totaled USD 4.7 billion in August, representing a 32.7% year-on-year expansion.
October 1, 2021
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) fell to 49.8 in September from 50.8 in August.
September 30, 2021
On 30 September, the Governing Board of the Bank of Mexico (Banxico) opted to hike the target for the overnight interbank interest rate by 25 basis points to 4.75%, following August’s 25 basis-point increase.