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

Mexico recorded a trade deficit of USD 2591 million in August of 2018 from USD 2585 million a year earlier and compared with market expectations of a USD 2204 million shortfall. Exports soared 10.1 percent and imports advanced at a softer 9.4 percent. Balance of Trade in Mexico averaged -314.65 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
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Mexico Trade Gap Widens Slightly in August


Mexico recorded a trade deficit of USD 2591 million in August of 2018 from USD 2585 million a year earlier and compared with market expectations of a USD 2204 million shortfall. Exports soared 10.1 percent and imports advanced at a softer 9.4 percent.

Year-on-year, exports surged 10.1 percent to USD 39,537 million in August 2018, with non-oil sales, which represented around 93.1 percent of total exports, rising 8.0 percent to USD 36,813 million. Shipments increased for manufactured products (8.5 percent), mainly steel products (32.1 percent); machinery and special equipment for diverse industries (14.5 percent); automotive products (11.8 percent) and food, beverages & tobacco (8.3 percent): and mining products (10.3 percent). In contrast, they decreased for agricultural and fishing goods (-7.4 percent), namely frozen shrimp (-42.2 percent); chickpeas (-37.8 percent); raw coffee beans (-26 percent); mango (-18.4 percent) and avocados (-12.6 percent).

Oil exports increased 47.2 percent to USD 2,724 million in August 2018. Mexico exported 1,181 million barrels of oil a day, above the 1,114 million recorded in the corresponding month of 2017. Crude oil prices were up to USD 63.71 a barrel, USD 17.86 million more than in August of 2017.

Non-oil dispatches to the US, which accounted for more than 81 percent of total sales, rose 10 percent, boosted by exports of autos (15.9 percent) and other products (7.1 percent). Sales to the rest of the world fell 0.4 percent, as a 6.0 percent decline in exports of autos offset a 2.3 percent increase in those of other products.

Imports grew 9.4 percent to USD 42,127 million, as non-oil purchases advanced 7.8 percent to USD 37,175 million, driven by purchases of intermediate goods (8.4 percent), consumer goods (15.0 percent) and capital goods (9.3 percent). Meantime, oil imports surged 22.9 percent to USD 4,952 million.

On a seasonally adjusted monthly basis, the trade shortfall narrowed to USD 1,316 million from USD 1,616 million, as exports went up 3.58 percent to USD 38,387 million and imports rose at a slower 2.65 percent to USD 39,703 million.


INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/27/2018 2:13:54 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-27 01:00 PM Balance of Trade $-0.897B $-1.587B $-0.25B $ 0.8B
2018-08-27 01:00 PM Balance of Trade $-2.889B $-0.897B $-0.25B $-1.2B
2018-09-27 01:00 PM Balance of Trade $-2.59B $-2.889B $-2.204B $-3.0B
2018-10-26 01:00 PM Balance of Trade $-2.59B $ -2B
2018-11-27 02:00 PM Balance of Trade $-2.1B
2018-12-28 02:00 PM Balance of Trade $0.4B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -2590.00 -2889.00 1713.32 -4419.83 USD Million [+]
Exports 39536.48 36720.60 39536.48 1225.59 USD Million [+]
Imports 42126.93 39609.80 42126.93 647.02 USD Million [+]
Current Account -3882.10 -8763.30 2173.70 -10604.80 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
External Debt 445610.20 453548.00 453548.00 0.70 USD Million [+]
Terms of Trade 49.00 48.93 106.34 43.37 Index Points [+]
Foreign Direct Investment 6726.90 11115.40 21132.80 -63.90 USD Million [+]
Remittances 9057.60 7186.90 9057.60 158.70 USD Million [+]
Tourism Revenues 1945771.78 1873371.79 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 1695.14 2168.43 2682.33 56.59 Thousand [+]
Gold Reserves 120.30 120.10 125.35 2.55 Tonnes [+]
Crude Oil Production 1951.00 1891.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -10.90 -23.80 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2590.00 -2889.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan -444.59 Aug/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.30 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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