Latest reading: Merchandise exports soared 15.1% annually in May, on the heels of April’s 7.6% rise. May’s result marked the...
Merchandise Trade Balance in Mexico
The merchandise trade balance in Mexico averaged USD -3.1 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 | -26.9 | -5.5 | -8.2 |
Merchandise exports fall in May
Latest reading: Merchandise exports fell 0.3% year-on-year in May, contrasting April’s 5.8% increase, due to declines in oil and car exports. Meanwhile, merchandise imports expanded 1.4% over the same month last year in May (April: -1.2% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 1.0 billion surplus in May (April 2025: USD 0.1 billion deficit; May 2024: USD 2.0 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 1.7 billion deficit in May, compared to the USD 0.8 billion deficit in April.
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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