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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Consumer prices rose 0.36% from the previous month in December, which was below the 1.14% increase recorded in November.
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Consumer confidence fell to 44.5 in December from November's 46.0.
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Remittances summed USD 4.7 billion in November, representing a 37.7% year-on-year surge.
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The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) rose to 52.6 in December from November's 50.8.
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Mexico: Decline in economic activity softens in October
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The monthly indicator for economic activity (IGAE) fell 0.2% in month-on-month seasonally-adjusted terms in October, which was a smaller drop than September's 0.4% decrease.
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