Mexico’s trade surplus widened to USD 1222 million in February 2019 from USD 930 million in the same month of the previous year. Exports rose 3.5 percent year-on-year and imports went up at a slower 2.7 percent. Considering the first two months of the year, the country posted a trade gap of USD 3588 million. Balance of Trade in Mexico averaged -326.09 USD Million from 1980 until 2019, reaching an all time high of 1836.32 USD Million in December of 2018 and a record low of -4810 USD Million in January of 2019.

Balance of Trade in Mexico is expected to be 2000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Mexico to stand at 1500.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1000.00 USD Million in 2020, according to our econometric models.

Mexico Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-28 02:00 PM Balance of Trade $-2.382B $-2.936B $0.7B
2019-01-28 02:00 PM Balance of Trade $1.836B $-2.382B $ -2.1B
2019-02-27 02:00 PM Balance of Trade $-4.81B $-1.84B $-3.539B $-2.3B
2019-03-27 02:00 PM Balance of Trade $1.222B $-4.81B $1.0B
2019-04-26 01:00 PM Balance of Trade $1.222B $2.0B
2019-05-27 01:00 PM Balance of Trade
2019-06-26 01:00 PM Balance of Trade



Mexico Trade Surplus Widens in February

Mexico’s trade surplus widened to USD 1222 million in February 2019 from USD 930 million in the same month of the previous year. Exports rose 3.5 percent year-on-year and imports went up at a slower 2.7 percent. Considering the first two months of the year, the country posted a trade gap of USD 3588 million.

Exports increased 3.5 percent year-on-year to USD 33730 million in February. Non-oil exports rose 3.8 percent, led by higher sales of manufacturing (4.0 percent), of which food, alcohol and beverages (13.2 percent) and machinery and equipment (12.4 percent). Additionally, sales of mining advanced 4.1 percent. Meanwhile, sales of agricultural products declined (-1.0 percent), namely mangoes (-46.5 percent), citrics (-28.8 percent) and avocado (-23.4 percent). Also, oil exports fell 0.7 percent. The country exported 1.475 million barrels of crude oil per day, higher than 1.451 million barrels a year ago while the price was USD 55.76 per barrel, $0.45 below the price in February 2018.

Non-oil exports to the US went up 4.6 percent, of which auto sales (3.1 percent) and others (5.4 percent). Sales to the rest of the world advanced 0.7 percent.

Imports advanced 2.7 percent to USD 35074 million, driven by higher purchases of intermediate (5.2 percent). On the other hand, imports dropped for consumption (-5.3 percent) and capital goods (-5.5 percent).

On a seasonally adjusted basis, Mexico trade gap narrowed to USD 388 million in February from USD 977 million in January. Exports fell 0.05 percent month-over-month and imports dropped 1.54 percent.


INEGI |Stefanie Moya | stefanie.moya@tradingeconomics.com
3/27/2019 2:25:52 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 1222.00 -4810.00 1836.32 -4810.00 USD Million [+]
Current Account -3424.00 -5703.10 2173.70 -10661.90 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
Imports 35074.09 37263.00 44288.19 647.02 USD Million [+]
Exports 36295.71 32453.40 41352.22 1225.59 USD Million [+]
External Debt 446097.80 451594.30 453548.00 0.70 USD Million [+]
Terms of Trade 48.00 47.26 106.34 43.37 Index Points [+]
Foreign Direct Investment 5029.80 4135.00 21154.60 -63.90 USD Million [+]
Remittances 8776.40 8432.03 9057.60 158.70 USD Million [+]
Tourism Revenues 2458027.55 1794008.16 2458027.55 158919.00 USD Thousand [+]
Tourist Arrivals 1956.64 1961.28 2683.20 56.59 Thousand [+]
Gold Reserves 119.90 120.00 125.35 2.55 Tonnes [+]
Crude Oil Production 1733.00 1865.00 3547.00 1733.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -12.40 -17.50 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1222.00 -4810.00 1836.32 -4810.00 1980 - 2019 USD Million Monthly




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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