Trade Balance in Mexico

Mexico Trade Balance | Economic News & Forecasts

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  

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Mexico Trade Balance Chart

Mexico Trade
Note: Trade balance in USD billion.
Source: Mexico National Statistical Institute (INEGI).

Mexico Facts

Value Change Date
Bond Yield6.87-0.24 %Dec 31
Exchange Rate18.93-0.29 %Jan 01

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