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

Mexico recorded a USD 1062 million trade surplus in February of 2018 from a USD 759.2 million a year ago and beating market expectations of a USD 476 million surplus. It was the largest trade surplus since December of 2013, as exports jumped 12.3 percent to USD 35,210 million, the strongest gain for a February month since 2012. Meanwhile, imports advanced at a slower 11.7 percent to USD 34,148 million. Balance of Trade in Mexico averaged -303.99 USD Million from 1980 until 2018, reaching an all time high of 1710.25 USD Million in March of 2013 and a record low of -4408 USD Million in January of 2018.

Mexico Balance of Trade
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Mexico Posts Largest Trade Surplus Since 2013


Mexico recorded a USD 1062 million trade surplus in February of 2018 from a USD 759.2 million a year ago and beating market expectations of a USD 476 million surplus. It was the largest trade surplus since 2013, as exports rose faster than imports, boosted by higher non-oil and oil sales.

Year-on-year, exports soared 12.3 percent to USD 35,210 million, the strongest gain for a February month since 2012. Non-oil sales, which accounted for more than 90 percent of total exports, increased 10.8 percent to USD 32,627 million. Shipments grew for manufactured products (10.5 percent), primarily steel products (21 percent); automotive products (17.9 percent); machinery and special equipment for diverse industries (12 percent) and professional and scientific equipment (9.9 percent). Meantime, sales also went up for mining products (6.7 percent) and agricultural goods (17.3 percent), namely fruit and edible fruit (36.3 percent); tomato (33.5 percent); pepper (32.6 percent); melon, watermelon and papaya (32.2 percent) and avocados (23.3 percent). 

Oil exports advanced 36.6 percent to USD 2,583 million. Mexico sold 1.451 million barrels a day, above 1.217 million a year ago. Crude oil prices also were up to USD 56.21 a barrel, USD 11.50 more than in February of 2017.

Non-oil exports to the US, which represented more than 80 percent of total shipments, rose 8.2 percent, driven by exports of autos (11.7 percent) and other exports (6.4 percent). Sales to the rest of the world jumped 23.1 percent, boosted by a 54.6 percent climb in shipments of autos and 11 percent rise in other sales.

Imports grew at a softer 11.7 percent to USD 34,148 million. Oil purchases rose 28.9 percent while non-oil imports increased 9.7 percent with biggest gains recorded for capital goods (20.1 percent); consumer goods (12.1 percent) and intermediate goods (10.6 percent).

On a seasonally adjusted basis, exports rose 4 percent in February from January and imports went up 2 percent, thus shrinking the trade deficit to USD 451,2 million from USD 1,149 million.


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/27/2018 3:15:09 PM



Calendar GMT Actual Previous Consensus TEForecast
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 $-4.408B $-0.157B $-3.353B $ -3.2B
2018-03-27 02:00 PM Balance of Trade $1.062B $-4.408B $0.476B $ -1.6B
2018-04-27 01:00 PM Balance of Trade $1.062B $ -0.1B
2018-05-25 01:00 PM Balance of Trade $ -2.2B
2018-06-27 01:00 PM Balance of Trade $ -1.3B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 1062.00 -4408.00 1710.25 -4408.00 USD Million [+]
Exports 35210.22 30730.09 37479.84 1225.59 USD Million [+]
Imports 34147.78 35138.40 38967.21 647.02 USD Million [+]
Current Account -3206.60 -5173.00 2173.80 -10202.70 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
External Debt 437366.80 447687.80 447687.80 0.70 MXN Billion [+]
Terms of Trade 48.79 48.56 106.34 43.37 Index Points [+]
Foreign Direct Investment 5903.80 5522.30 20854.60 -63.90 USD Million [+]
Remittances 7505.50 7319.70 7505.50 158.70 USD Million [+]
Tourism Revenues 1913874.10 1940695.66 2242779.66 158919.00 USD Thousand [+]
Tourist Arrivals 1936.81 1971.24 2682.33 56.59 Thousand [+]
Gold Reserves 120.20 120.31 125.35 2.55 Tonnes [+]
Crude Oil Production 1903.00 1896.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows 204.90 -17.70 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1062.00 -4408.00 1710.25 -4408.00 1980 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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