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

Mexico recorded a USD 157 million trade deficit in December of 2017 from a USD 10.7 million in the corresponding month of the previous year. Figures came worse than market consensus of a USD 260 million surplus, as exports grew slower than imports. On a seasonally adjusted basis, exports increased only 0.6 percent in December from November and imports rose 4.4 percent. Balance of Trade in Mexico averaged -297.99 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 Trade Shortfall Rises Sharply in December


Mexico recorded a USD 157 million trade deficit in December of 2017 from a USD 10.7 million in the corresponding month of the previous year. Figures came worse than market consensus of a USD 260 million surplus, as imports grew faster than exports.

Year-on-year, exports increased 7.9 percent to USD 35,825 million. Non-oil shipments, which accounted for more than 90 percent of total exports, grew 5.7 percent to USD 33,168 million. Within this category, sales rose mostly for mining products (21.7 percent) and agricultural goods (10.7 percent), such as frozen shrimp (119.7 percent); fish, crustaceans and molluscs (43.6 percent); citrus fruits (37.2 percent); tomato (27.4 percent) and fresh vegetables (7.6 percent). Also, shipments of manufactured products advanced 5.3 percent, namely machinery and special equipment for diverse industries (11.6 percent); steel products (10.6 percent); autos (9.3 percent); professional and scientific equipment (8.6 percent) and food, beverages and tobacco (4 percent).

Oil sales jumped 46.1 percent to USD 2,657 million. Mexico exported 1.401 million barrels a day, above 1,115 million a year ago. Crude oil prices also went up to USD 54.14 a barrel, USD 11.39 more than in December of 2016.

Non-oil exports to the US, which accounted for over 80 percent of total sales rose 2.8 percent, mostly on shipments of autos (5.1 percent). Exports to the rest of the world surged 19.6 percent, primarily autos (31.1 percent).

Imports advanced 8.4 percent in December of 2018 to USD 35,982 million. Non-oil purchases grew 6.2 percent and the oil ones soared 27.4 percent. Consumption goods increased 16.1 percent, intermediate goods 7.5 percent and capital goods 4.7 percent. 

Considering full year of 2017, exports jumped 9.5 percent and imports rose 8.6 percent, thus narrowing the trade deficit by 17.1 percent to USD 10,875 million.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/26/2018 3:07:46 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-27 02:00 PM Balance of Trade $-2.066B $-1.886B $-1.7B
2017-12-27 02:00 PM Balance of Trade $0.399B $-2.066B $-0.78B $-1.1B
2018-01-26 02:00 PM Balance of Trade $-0.157B $0.399B $0.26B $ -0.65B
2018-02-27 02:00 PM Balance of Trade $-0.157B $0.26B $ -0.49B
2018-03-27 02:00 PM Balance of Trade $ 0.019B
2018-04-27 01:00 PM Balance of Trade $ -0.23B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -156.97 399.21 1710.25 -3470.98 USD Million [+]
Exports 35824.91 37479.84 37479.84 1225.59 USD Million [+]
Imports 35981.88 37080.64 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 447687.80 439366.20 447687.80 0.70 MXN Billion [+]
Terms of Trade 48.13 48.18 106.34 43.46 Index Points [+]
Foreign Direct Investment 5716.80 5847.50 20849.20 -63.90 USD Million [+]
Remittances 7505.50 7319.70 7505.50 158.70 USD Million [+]
Tourism Revenues 2242779.66 1718055.64 2242779.66 158919.00 USD Thousand [+]
Tourist Arrivals 2682.33 1886.23 2682.33 56.59 Thousand [+]
Gold Reserves 120.31 120.51 125.35 2.55 Tonnes [+]
Crude Oil Production 1933.00 1761.00 3547.00 1761.00 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-156.97 399.21 1710.25 -3470.98 1980 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -2050000.00 Dec/17
Switzerland 1324.00 Jan/18
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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