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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Mexico: Inflation remains stable in December
January 12, 2023
Inflation came in at 7.8% in December, unchanged from November’s result but still well above the Central Bank’s 2.0%–4.0% target range.
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Mexico: Manufacturing PMI increases in December; non-manufacturing PMI dips
January 2, 2023
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) came in at 51.8 in December, up from November's 51.1.
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Mexico: Economic activity flatlines in October in sequential terms
December 23, 2022
The monthly indicator for economic activity (IGAE) was unchanged month-on-month in seasonally-adjusted terms in October (September: +0.7% mom).
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Mexico: Merchandise exports rise at a softer pace in November
December 23, 2022
Merchandise exports rose 8.0% over the same month last year in November (October: +17.7% year-on-year).
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Mexico: Banxico hikes by 50 basis points in December
December 15, 2022
On 15 December, the Governing Board of the Bank of Mexico (Banxico) opted to raise the target for the overnight interbank interest rate by 50 basis points to 10.50%, taking total hikes in 2022 to 500 basis points.
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