Trade Balance in Mexico
Mexico - Trade Balance
Exports slip in March
Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts.
Similarly, imports contracted 6.7% over the same month of 2019 in March, following the 3.9% drop logged in February and marking the eighth consecutive month of declining imports. The sharper downturn reflected an across-the-board decline in the purchase of oil, consumer, intermediate and capital goods compared to February.
Meanwhile, the merchandise trade balance recorded a surplus of USD 3.4 billion in March, larger than the USD 1.5 billion surplus logged in the same month of 2019. Moreover, the 12-month rolling trade balance climbed to a USD 11.5 billion surplus in March from a USD 9.6 billion surplus in February.
LatinFocus analysts expect exports to reach USD 402 billion in 2020, which would represent a 12.8% year-on-year fall. Meanwhile, imports are expected to decline 13.6% and reach USD 393 billion. For 2021, the panel expects exports to reach USD 442 billion and expand 9.7%, while imports are expected to expand 11.5% and reach USD 439 billion.
Mexico - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -14.7 | -13.1 | -11.0 | -13.6 | 5.4 |
Mexico Trade Balance Chart
Source: Mexico National Statistical Institute (INEGI).
Mexico Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.87 | -0.24 % | Dec 31 |
| Exchange Rate | 18.93 | -0.29 % | Jan 01 |
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Economic News
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Mexico: Merchandise exports grow at a more moderate pace in June
July 27, 2021
Merchandise exports soared 29.1% over the same month last year in June (May: +125.2% year-on-year), driven by a doubling in the value of oil exports.
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Mexico: Economic activity growth ticks up in May
July 27, 2021
The monthly indicator for economic activity (IGAE) expanded 0.6% month-on-month in seasonally-adjusted terms in May (April: +0.2% mom; previously reported: -0.2% mom).
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Mexico: Inflation remains elevated in June
July 8, 2021
Consumer prices increased 0.53% in June over the previous month, accelerating from the 0.20% rise logged in May.
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Mexico: Consumer confidence hits highest reading since September 2019 in June
July 5, 2021
Consumer confidence rose to 44.5 in June from May's 43.0.
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Mexico: PMI data points to solid end to Q2
July 1, 2021
The seasonally-adjusted Manufacturing Purchasing Managers’ Index (PMI) produced by the Mexican Institute of Financial Executives (IMEF) was stable at 52.4 in June, remaining above the 50-threshold and thus indicating an expansion in activity.
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