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Mexico Merchandise Imports

Mexico Merchandise Imports

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 2025 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 trade slips into deficit in August

Latest reading: In August, the trade balance was USD -1.9 billion, following a USD 0.0 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD -1.1 billion. Exports rose 7.4% in year-on-year terms in August, coming on the back of 4.0% growth in the previous month. While car exports fell slightly—likely dampened by U.S. tariffs—this was more than compensated by higher sales of other goods. Moreover, overall export sales to the U.S. continued to rise at a solid pace. Imports dropped 0.1% in year-on-year terms in August, coming on the back of 1.7% growth in the previous month.

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 16 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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