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

Mexico recorded a trade deficit of USD 289.1 million in April 2018 compared to a USD 900.5 million surplus a year ago and missing market expectations of a USD 931 million surplus, as imports were stronger than exports. Considering the first four months of April, the trade gap widened 10.4 percent to USD 2.07 million, with shipments and purchases growing at the same pace (12.6 percent). Balance of Trade in Mexico averaged -300.07 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Mexico Unexpectedly Posts Trade Gap in April


Mexico recorded a trade deficit of USD 289.1 million in April 2018 compared to a USD 900.5 million surplus a year ago and missing market expectations of a USD 931 million surplus, as imports were stronger than exports.

Year-on-year, imports jumped 21.4 percent to USD 37,470 million in April 2018. Oil purchases rose 48.7 percent to USD 4,270 million; and non-oil imports advanced 18.6 percent to USD 33,200 million, boosted by intermediate goods (20.0 percent), consumer goods (26.1 percent) and capital goods (25.8 percent).

Meantime, exports grew at a slower 17 percent to USD 37,181 million. Non-oil sales, which represented around 93 percent of total exports, increased 15 percent to USD 34,588 million. Shipments went up for manufactured products (14.9 percent), especially steel products (37.4 percent); machinery and special equipment for diverse industries (21 percent); automotive products (19.9 percent) and food, beverages and tobacco (12.6 percent). Also, sales increased for agricultural goods (13.9 percent), mostly onion and garlic (96.5 percent); mango (40 percent); tomato (31.2 percent); fruits and edible fruits (18.8 percent); avocados (8.8 percent); and mining products (18.3 percent).

Oil exports rose 54.4 percent to USD 2,592 million. Mexico sold 1.266 million barrels a day, above 1.017 million a year ago. Crude oil prices also were up to USD 58.08 a barrel, USD 14.59 more than in April of 2017.

Non-oil shipments to the US, which accounted for more than 80 percent of total sales, increased 10.7 percent, driven by exports of other products (11.7 percent) and autos (8.6 percent). Exports to the rest of the world jumped 35.4 percent, with sales of autos climbing 95.3 percent and those of other products rising at a slower 16.5 percent.

On a seasonally adjusted monthly basis, the trade deficit narrowed to USD 640 million from USD 681 million, as imports fell 2.36 percent and exports declined 2.3 percent. 


INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/25/2018 2:29:09 PM



Calendar GMT Actual Previous Consensus TEForecast
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 $1.918B $1.062B $0.228B $ 0.5B
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 $-0.289B $0.931B $-2.0B
2018-07-27 01:00 PM Balance of Trade $ 0.8B
2018-08-27 01:00 PM Balance of Trade $1.8B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -289.15 1713.32 1713.32 -4419.83 USD Million [+]
Exports 37180.56 39445.70 39445.70 1225.59 USD Million [+]
Imports 37469.70 37732.37 38967.21 647.02 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 437366.80 447687.80 447687.80 0.70 MXN Billion [+]
Terms of Trade 49.01 48.33 106.34 43.37 Index Points [+]
Foreign Direct Investment 9502.40 5903.80 20854.60 -63.90 USD Million [+]
Remittances 7035.50 7505.50 7505.50 158.70 USD Million [+]
Tourism Revenues 1791317.15 2362556.54 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 1827.57 2376.44 2682.33 56.59 Thousand [+]
Gold Reserves 120.10 120.20 125.35 2.55 Tonnes [+]
Crude Oil Production 1919.00 1953.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-289.15 1713.32 1713.32 -4419.83 1980 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1523.60 May/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


Related

Latest