Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
Merchandise Imports in Mexico
Merchandise imports in Mexico were worth USD 625 billion in 2024, compared to USD 400 billion ten years earlier, and they averaged USD 476 billion over the last decade. For more information on imports, visit our dedicated page.
Mexico Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Mexico from 2024 to 2017.
Source: Macrobond.
Mexico Merchandise Imports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 383 | 506 | 606 | 605 | 636 |
| Merchandise Imports (ann. var. %) | -15.9 | 32.0 | 19.8 | -0.1 | 5.1 |
Merchandise exports increase in June
Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure marked the strongest increase since October 2024 and was driven by higher sales to the U.S. Meanwhile, merchandise imports expanded 4.4% over the same month last year in June (May: -1.1% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.5 billion surplus in June (May 2025: USD 1.2 billion surplus; June 2024: USD 2.4 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 6.2 billion deficit in June, compared to the USD 9.1 billion deficit in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mexican merchandise imports 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 imports forecast available for Mexican merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican merchandise imports projections.
Want to get access to the full dataset of Mexican merchandise imports forecasts? Send an email to info@focus-economics.com.
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