External Debt in Mexico
Merchandise exports rebound in March
Merchandise exports rose 3.2% year-on-year in March (February: -2.8% year-on-year). While oil exports fell sharply due to lower oil prices compared to a year ago, non-oil exports—particularly car exports—grew strongly. Meanwhile, merchandise imports expanded 1.1% on an annual basis in March (February: +4.1% yoy), marking the weakest reading since February 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 1.2 billion surplus in March (February 2023: USD 1.8 billion deficit; March 2022: USD 0.1 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 26.3 billion deficit in March, compared to the USD 27.4 billion deficit in February.
Mexico External Debt Chart
This chart displays External Debt (USD bn) for Mexico from 2013 to 2022.
Mexico External Debt Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
External Debt (USD bn) | 576 | 593 | 622 | 629 | 603 |