Merchandise Exports in Mexico
Merchandise exports from Mexico were worth USD 578 billion in 2022 compared to USD 380 billion ten years earlier. The average was USD 434 billion over the past decade. For more exports information, visit our dedicated page.
Mexico Merchandise Exports Chart
Mexico Merchandise Exports Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Merchandise Exports (USD bn) | 461 | 417 | 495 | 578 | 593 |
Merchandise Exports (ann. var. %) | 2.2 | -9.4 | 18.6 | 16.7 | 2.6 |
Merchandise exports slide in June
Merchandise exports declined 5.7% in annual terms in June, contrasting May’s 5.4% increase. The reading was driven by lower exports of both oil and non-oil goods, and June’s result marked the sharpest drop since August 2020. Meanwhile, merchandise imports decreased 3.6% in annual terms in June (May: +1.4% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.0 billion shortfall in June (May 2024: USD 2.0 billion surplus; June 2023: USD 0.1 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 4.5 billion deficit in June, compared to the USD 3.4 billion deficit in May.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mexican merchandise exports projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Mexican merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican merchandise exports projections.
Want to get access to the full dataset of Mexican merchandise exports forecasts? Send an email to info@focus-economics.com.
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