Mexico posted a trade deficit of USD 4.06 billion in July 2021, the largest gap since a record USD 4.63 billion was recorded in January 2019 and compared with a USD 5.66 billion surplus in the same month last year. Imports jumped 50.6 percent, boosted by purchases of consumer goods (63.7 percent), intermediate goods (51.4 percent), and capital goods (27.4 percent). Meanwhile exports rose at a softer 15.2 percent on the back of sales of oil (104.6 percent) and non-oil products (11.5 percent). Within non-oil, exports were up for manufactured products (10.7 percent) despite a decline in vehicles (-9.7 percent), mining goods (47.7 percent) and agricultural products (15.0 percent). source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -226.77 USD Million from 1980 until 2021, reaching an all time high of 6256.09 USD Million in October of 2020 and a record low of -4625.57 USD Million in January of 2019. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Balance of Trade in Mexico is expected to be -800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Balance of Trade is projected to trend around 2500.00 USD Million in 2022 and 1500.00 USD Million in 2023, according to our econometric models.