Mexico city at goldenhour

Mexico Merchandise Imports (USD bn)

Imports in Mexico

Merchandise exports decrease in April

Merchandise exports declined 2.9% year-on-year in April (March: +3.1% year-on-year). This was largely due to an over-30% fall in oil exports, while non-oil exports broadly stagnated. Meanwhile, merchandise imports decreased 3.3% on an annual basis in April (March: +1.1% yoy), marking the weakest result since January 2021.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.5 billion deficit in April (March 2023: USD 1.2 billion surplus; April 2022: USD 1.8 billion deficit). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 26.6 billion deficit in April, compared to the USD 26.9 billion deficit in March.

Mexico Imports Chart

This chart displays Imports (USD billion) for Mexico from 2013 to 2022.

Mexico Imports Data

2017 2018 2019 2020 2021
Merchandise Imports (USD bn) 420 464 455 383 506

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