Mexico Balance of Trade  1980-2018 | Data | Chart | Calendar | Forecast

Mexico’s trade balance shifted to USD 897 million deficit in June of 2018 from a USD 0.81 million surplus a year earlier and worse than market expectations of a USD 250 million shortfall. Imports increased 8 percent, boosted by oil purchases while exports rose 5.5 percent. Balance of Trade in Mexico averaged -304.15 USD Million from 1980 until 2018, reaching an all time high of 1713.32 USD Million in March of 2018 and a record low of -4419.83 USD Million in January of 2018.

Mexico Balance of Trade
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Mexico Trade Balance Swings to Deficit in June


Mexico’s trade balance shifted to USD 897 million deficit in June of 2018 from a USD 0.81 million surplus a year earlier and worse than market expectations of a USD 250 million shortfall. Imports increased 8 percent, boosted by oil purchases while exports rose 5.5 percent.

Year-on-year, imports advanced 8 percent to USD 38,381 million in June of 2018. Oil imports edged up 51.7 percent to USD 4,703 million and non-oil purchases increased 3.8 percent to USD 33,678 million, due to capital goods (9.8 percent); consumer goods (9.4 percent) and intermediate (7.5 pecent).

Exports went up 5.5 percent to USD 37,484 million, as non-oil sales which accounted for around 93 percent of total exports, rose 3.6 percent to USD 34,974 million. Sales advanced for  manufactured goods (3.5 percent), mainly due to food, beverages and tobacco (8.3 percent), professional and scientific equipment (6.7 percent),  automotive products (5.9 percent), plastic and rubber products (5.5 percent) and machinery and special equipment for diverse industries (2.6 percent). Additionally, exports grew for agricultural goods (2.3 percent), namely melon, watermelon and papaya (82.3 percent), fish, crustaceans and mollusks (70 percent), cattle (62.1 percent), fruits and edible fruits (32.6 percent) and tomato (18.4 percent). Also, mining sales  increased 9.5 percent.

Oil exports jumped 41.0 percent to USD 2,510 million in June of 2018. Mexico sold 1,222 million barrels a day, lower than the 1,157 million recorded in the same month a year ago. Crude oil prices picked up to USD 64.60 a barrel, USD 23.30 more than June of 2017.

Non-oil dispatches to the US, which accounted for more than 80 percent of total sales, rose 2.8 percent, mostly due to exports of autos (2.8 percent) and other products (2.9 percent). Exports to the rest of the world went up 6.9 percent, due to higer sales of autos (21.3 percent) and other products (0.5 percent).

On a seasonally adjusted monthly basis, the trade deficit widened to USD 1,652 million from USD 1,355 million in May 2018, as expors fell 0.79 percent while imports increased 0.01 percent.



INEGI Stefanie Moya | stefanie.moya@tradingeconomics.com
7/27/2018 2:03:47 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-25 01:00 PM Balance of Trade $-0.289B $1.713B $0.931B $ 2.4B
2018-06-27 01:00 PM Balance of Trade $-1.587B $-0.289B $-0.665B $-2.0B
2018-07-27 01:00 PM Balance of Trade $-0.897B $-1.587B $-0.25B $ 0.8B
2018-08-27 01:00 PM Balance of Trade $-0.897B $1.8B
2018-09-27 01:00 PM Balance of Trade $-1.5B
2018-10-26 01:00 PM Balance of Trade 1600


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -897.00 -1587.00 1713.32 -4419.83 USD Million [+]
Exports 37484.17 39177.09 39445.70 1225.59 USD Million [+]
Imports 38381.09 40763.85 40763.85 647.02 USD Million [+]
Current Account -6940.80 -2872.10 2173.70 -10383.70 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
External Debt 453548.00 437366.80 453548.00 0.70 MXN Billion [+]
Terms of Trade 47.55 48.29 106.34 43.37 Index Points [+]
Foreign Direct Investment 9502.40 5903.80 20854.60 -63.90 USD Million [+]
Remittances 9057.60 7186.90 9057.60 158.70 USD Million [+]
Tourism Revenues 1873371.79 1686629.85 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 2124.15 1783.60 2682.33 56.59 Thousand [+]
Gold Reserves 120.10 120.20 125.35 2.55 Tonnes [+]
Crude Oil Production 1911.00 1888.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -24.00 204.90 12079.70 -3457.70 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Mexico Balance of Trade

Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Others include: China, Japan and Germany. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). . This page provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-897.00 -1587.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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