Imports in Mexico
Mexico - Imports
Exports rebound in the final month of 2019
Exports rose 3.0% year-on-year in December 2019, rebounding from November’s 2.9% dip and putting an end to three consecutive months of falling exports. The upturn was mainly driven by a solid recovery of overseas shipments of manufactured goods.
In contrast, imports slipped 0.3% over the same month of 2018 in December, following the 10.3% plunge logged in November. The softer contraction mainly reflected a weaker decline in the purchase of intermediate goods as well as a rebound in consumer goods imports compared to November.
Meanwhile, the merchandise trade balance recorded a surplus of USD 3.1 billion in December, larger than the USD 1.9 billion surplus logged in the same month of 2018. Moreover, the 12-month rolling trade balance climbed to a USD 5.8 billion surplus in December from a USD 4.6 billion surplus in November.
LatinFocus analysts expect exports to reach USD 480 billion in 2020, which would represent a 3.2% year-on-year expansion. Meanwhile, imports are expected to expand 4.1% and reach USD 484 billion. For 2021, the panel expects exports to reach USD 503 billion and expand 4.8%, while imports are expected to expand 4.6% and reach USD 506 billion.
Mexico - Imports Data
|Imports (USD billion)||400||395||387||420||464|
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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February 13, 2020
At its first meeting of the year on 13 February, the Governing Board of the Bank of Mexico (Banxico) unanimously decided to slash the target for the overnight interbank interest rate by 25 basis points to 7.00%, marking the fifth consecutive cut and coming in line with market expectations.
February 7, 2020
Consumer confidence improved slightly at the outturn of 2020, with the seasonally-adjusted consumer confidence indicator published by the Statistical Institute (INEGI) coming in at 44.2 points in January, up from December’s 43.5 reading.
February 7, 2020
Consumer prices rose 0.48% from the previous month in January, following the 0.56% month-on-month increase logged in December.
February 5, 2020
The seasonally-adjusted manufacturing Purchasing Managers’ Index (PMI) produced by the Mexican Institute of Financial Executives (IMEF) climbed from 47.0 in December to 48.2 at the start of 2020, signaling a softer contraction in the manufacturing sector.
February 4, 2020
Remittances totaled USD 3.1 billion in the final month of 2019 (November: USD 2.9 billion), a 3.1% increase from the same month in 2018 and contrasting the 2.3% decline logged in November, which was the first in over three years.