Merchandise Exports in Mexico
Merchandise exports decrease in April
Merchandise exports declined 2.9% year-on-year in April (March: +3.1% year-on-year). This was largely due to an over-30% fall in oil exports, while non-oil exports broadly stagnated. Meanwhile, merchandise imports decreased 3.3% on an annual basis in April (March: +1.1% yoy), marking the weakest result since January 2021.
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.5 billion deficit in April (March 2023: USD 1.2 billion surplus; April 2022: USD 1.8 billion deficit). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 26.6 billion deficit in April, compared to the USD 26.9 billion deficit in March.
Mexico Merchandise Exports Chart
This chart displays Merchandise Exports (ann. var. %) for Mexico from 2013 to 2022.
Mexico Merchandise Exports Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Merchandise Exports (ann. var. %) | 9.5 | 10.1 | 2.2 | -9.4 | 18.6 |