Mexico Merchandise Imports

Merchandise trade surplus shrinks in April

Latest reading: In April, the trade balance was USD +4.5 billion, following a USD +5.9 billion figure in the prior month. Over the last 12 months, the trade balance summed to USD +4.6 billion. Merchandise exports increased 32.6% in year-on-year terms in April, coming on the back of 27.7% growth in the previous month. April's reading was the strongest since May 2021 and driven largely by higher mining and non-vehicle manufactured exports. In contrast, vehicle and oil exports saw more modest growth. Merchandise imports were up 24.1% in year-on-year terms in April, coming on the back of 24.3% growth in the prior month.

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 20 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.

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