Latest reading: In August, the trade balance was USD +0.8 billion, following a USD +2.5 billion reading in the prior...
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 trade slips into deficit in August
Latest reading: In August, the trade balance was USD -1.9 billion, following a USD 0.0 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD -1.1 billion. Exports rose 7.4% in year-on-year terms in August, coming on the back of 1.7% growth in the previous month. While car exports fell slightly—likely dampened by U.S. tariffs—this was more than compensated by higher sales of other goods. Moreover, overall export sales to the U.S. continued to rise at a solid pace. Imports dropped 0.1% in year-on-year terms in August, coming on the back of 1.7% growth in the previous month.
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.
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