Latest reading: Merchandise exports jumped 11.0% over the same month last year in June, on the heels of May’s 2.5%...
Merchandise Trade Balance in Mexico
The merchandise trade balance in Mexico averaged USD -6.1 billion in the decade to 2024. The 2024 reading was USD -8.2 billion. For more information on trade, visit our dedicated page.
Mexico Trade Chart
Note: This chart displays Trade Balance (USD billion) for Mexico from 2024 to 2016.
Source: Macrobond.
Mexico Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 34.2 | -10.8 | -28.1 | -12.3 | -18.5 |
Merchandise exports increase in June
Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure marked the strongest increase since October 2024 and was driven by higher sales to the U.S. Meanwhile, merchandise imports expanded 4.4% over the same month last year in June (May: -1.1% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.5 billion surplus in June (May 2025: USD 1.2 billion surplus; June 2024: USD 2.4 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 6.2 billion deficit in June, compared to the USD 9.1 billion deficit in May.
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 trade projections for the next ten years from a panel of 17 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 trade forecast available for Mexican trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican trade projections.
Want to get access to the full dataset of Mexican trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
-
Peru: Merchandise exports gain steam in June -
India: Merchandise exports rebound in July; U.S. talks in focus Latest reading: Merchandise exports rose 7.3% in annual terms in July, on the heels of June’s 0.1% decrease. Meanwhile, merchandise... -
China: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 7.2% annually in July, beating market expectations and following June’s 5.9% rise. Firms accelerating shipments... -
Taiwan: Merchandise exports gain steam in July Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn... -
Germany: Merchandise exports rebound in June Latest reading: Merchandise exports climbed 0.8% in month-on-month seasonally adjusted terms in June (May: -1.4% mom s.a.). Meanwhile, merchandise imports... -
Vietnam: Merchandise exports grow at a still-rapid rate in July Latest reading: Merchandise exports rose 16.6% year on year in July, following June’s 17.4% increase, as front-loading activities continued ahead... -
Korea: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 5.9% on an annual basis in July, following June’s 4.3% increase. July’s figure marked the...