Mexico city at goldenhour

Exports in Mexico

Mexico Exports

Merchandise exports rise at a milder pace in June

Merchandise exports rose 1.1% year-on-year in June (May: +5.8% year-on-year). While oil exports declined sharply due to lower crude prices, vehicle exports rose by nearly double digits, thanks to the fading of supply constraints. Meanwhile, merchandise imports declined 6.2% on an annual basis in June (May: +1.4% yoy), marking the weakest reading since October 2020 and driven by the lower cost of energy imports.

As a result, the merchandise trade balance improved from the previous month, recording a flat reading in June (May 2023: USD 0.1 billion deficit; June 2022: USD 4.0 billion deficit). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 20.4 billion deficit in June, compared to the USD 24.4 billion deficit in May.

Mexico Exports Chart

This chart displays Exports (USD billion) for Mexico from 2013 to 2022.

Mexico Exports Data

2018 2019 2020 2021 2022
Merchandise Exports (USD bn) 451 461 417 495 578
Exports (G&S, ann. var. %) 6.5 1.3 -7.2 7.4 9.1
Merchandise Exports (ann. var. %) 10.1 2.2 -9.4 18.6 16.7

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