Mexico Balance of Trade  1980-2017 | Data | Chart | Calendar | Forecast

Mexico trade deficit increased to USD 2066 million in October of 2017 from a USD 898 million shortfall a year ago. It was the largest trade gap for an October month since 2008 when a USD 3292.3 million deficit was recorded. Imports surged 16.3 percent year-on-year to a new record-high USD 38.97 billion, mainly led by purchases of consumption goods, namely oil products. Meanwhile exports advanced at a softer 13.2 percent to USD 36.90 billion, underpinned by oil sales. Considering the first ten months of the year, the trade gap shrank 15.7 percent to USD 11.1 billion, as exports rose 9.7 percent and imports inched up 8.7 percent. Balance of Trade in Mexico averaged -299.83 USD Million from 1980 until 2017, reaching an all time high of 1710.25 USD Million in March of 2013 and a record low of -3470.98 USD Million in January of 2017.

Mexico Balance of Trade
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Mexico Posts Largest October Trade Gap Since 2008


Mexico trade deficit increased to USD 2066 million in October of 2017 from a USD 898 million shortfall a year ago. It was the largest trade gap for an October month since 2008 when a USD 3292.3 million deficit was recorded. Imports surged 16.3 percent year-on-year to a new record-high USD 38.97 billion, mainly led by purchases of consumption goods, namely oil products. Meanwhile exports advanced at a softer 13.2 percent to USD 36.90 billion, underpinned by oil sales. Considering the first ten months of the year, the trade gap shrank 15.7 percent to USD 11.1 billion, as exports rose 9.7 percent and imports inched up 8.7 percent.

Imports advanced 16.3 percent year-on-year to a new record-high of USD 38.97 billion in October of 2017, boosted by purchases of consumption goods (18 percent), namely oil products (40 percent); intermediate goods (17 percent) and capital goods (9.2 percent).

Exports increased at a softer 13.2 percent to USD 36.90 billion in October of 2017, underpinned by oil sales (16.5 percent). Non-oil sales, which accounted for around 94 percent of total exports, rose 13 percent. Within non-oil exports, sales of manufactured goods advanced 12.6 percent, namely those of autos (18.8 percent); food (15 percent); special machinery and equipment for industries (14.6 percent); professional and scientific equipment (12.8 percent) and electronic goods and electrical appliances (3.3 percent). Also, sales grew for agricultural and fisheries (24.2 percent), boosted by higher exports of avocados (78.9 percent); beef cattle (75 percent); frozen shrimp (52.6 percent); fresh vegetables (33.3 percent) and pepper (27.1 percent). Meantime, sales of mining products grew 10.5 percent.

Exports to the United States surged 11.1 percent, accounting for around 82 percent of total non-oil shipments. Auto sales to the US increased 12.3 percent and exports of other products advanced 10.4 percent. Sales to the rest of the world jumped 22.2 percent, with autos climbing 61.3 percent and other products rising 9.8 percent.

On a seasonally adjusted basis, exports decreased 0.62 percent to USD 33.89 billion, dragged down by a 0.95 percent fall in non-oil shipments while oil sales went up 5.35 percent. Imports declined at a faster 1.11 percent to USD 35.43 billion, as non-oil purchases fell 2.12 percent while oil imports surged 8.09 percent, thus narrowing the trade deficit to USD 1537 million from USD 1725 million in September of 2017.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/27/2017 3:47:59 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-27 01:00 PM Balance of Trade $-2732M $-1.523B $-1498M $-750M
2017-10-26 01:00 PM Balance of Trade $-1.886B $-2.732B $-0.985B $-1B
2017-11-27 02:00 PM Balance of Trade $-2.066B $-1.886B $-1.7B
2017-12-27 02:00 PM Balance of Trade $-2.066B $-1.1B
2018-01-26 02:00 PM Balance of Trade
2018-02-27 02:00 PM Balance of Trade


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -2066.00 -1886.00 1710.25 -3470.98 USD Million [+]
Exports 36901.20 33818.30 36901.20 1225.59 USD Million [+]
Imports 38967.21 35704.70 38967.21 647.02 USD Million [+]
Current Account -5527.90 129.20 2173.80 -8905.30 USD Million [+]
Current Account to GDP -2.70 -2.80 3.40 -6.10 percent [+]
External Debt 439366.20 431408.60 439366.20 0.70 MXN Billion [+]
Terms of Trade 48.83 48.55 106.34 43.46 Index Points [+]
Foreign Direct Investment 5716.80 5847.50 20849.20 -63.90 USD Million [+]
Remittances 7319.70 7305.90 7319.70 158.70 USD Million [+]
Tourism Revenues 1247852.10 1590592.25 2124964.35 158919.00 USD Thousand [+]
Tourist Arrivals 1284.27 1656.13 2496.24 56.59 Thousand [+]
Gold Reserves 120.10 120.10 125.35 2.55 Tonnes [+]
Crude Oil Production 1999.00 2004.00 3547.00 1977.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -3.90 -11.30 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 (83 percent of total shipments) and oil and oil products (13 percent). Main imports are: metallic products, machinery and equipment (50 percent of total imports), mining products (13 percent) and chemical products (6.3 percent). Mexico´s main trading partner is the United States (80 percent of total exports and 51 percent of imports). Others include: Canada, China and Japan. In 2015, trade between Mexico and the United States reached USD 496 billion, with Mexico posting a surplus of around USD 122 billion. Main exports include vehicles other than railway, tramway (25% of total sales); electrical, electronic equipment (23%); nuclear reactors, boilers, machinery (15%). Main imports from the United States include nuclear reactors, boilers, machinery (15% of total imports); electrical, electronic equipment (13%); mineral fuels, oil (12%); vehicles other than railway, tramway (11%) and plastics (8%). . 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2066.00 -1886.00 1710.25 -3470.98 1980 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 26364.90 Sep/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17