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
|Trade Balance (USD billion)||-14.7||-13.1||-11.0||-13.6||5.4|
5 years of economic forecasts for more than 30 economic indicators.
Mexico Trade Balance Chart
Source: Mexico National Statistical Institute (INEGI).
|Bond Yield||6.87||-0.24 %||Dec 31|
|Exchange Rate||18.93||-0.29 %||Jan 01|
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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.
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).
July 8, 2021
Consumer prices increased 0.53% in June over the previous month, accelerating from the 0.20% rise logged in May.
July 5, 2021
Consumer confidence rose to 44.5 in June from May's 43.0.
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.