Mexico trade balance shifted to a USD 1836 million surplus in December of 2018 from a USD 3 million deficit in the same month a year earlier. It was the largest trade surplus on record, as exports rose 4.3 percent year-on-year while imports fell 0.8 percent. Considering 2018 as a whole, the trade balance recorded a USD 13704 million gap, compared to a USD 10968 million shortfall in 2017. Balance of Trade in Mexico averaged -319.81 USD Million from 1980 until 2018, reaching an all time high of 1836.32 USD Million in December of 2018 and a record low of -4419.83 USD Million in January of 2018.
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.