Mexico Balance of Trade  1980-2017 | Data | Chart | Calendar | Forecast

Mexico posted a trade deficit of USD 2732 million in August of 2017 compared with a USD 1884 million shortfall in the same month of the previous year, well above market expectations of a USD 1498 million gap. Exports rose 10.3 percent from a year ago to USD 35.8 billion and imports advanced at a faster 12.2 percent to USD 38.5 billion, the highest value on record. Considering the January to August period, the trade deficit shrank 33.4 percent to USD 7.16 billion, as exports rose 10.1 percent and imports soared 8.2 percent. Balance of Trade in Mexico averaged -292.41 USD Million from 1980 until 2017, reaching an all time high of 1710.25 USD Million in March of 2013 and a record low of -3470.98 USD Million in January of 2017.

Mexico Balance of Trade
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Mexico Trade Gap Widens 45% YoY in August


Mexico posted a trade deficit of USD 2732 million in August of 2017 compared with a USD 1884 million shortfall in the same month of the previous year, well above market expectations of a USD 1498 million gap. Exports rose 10.3 percent from a year ago to USD 35.8 billion and imports advanced at a faster 12.2 percent to USD 38.5 billion, the highest value on record. Considering the January to August period, the trade deficit shrank 33.4 percent to USD 7.16 billion, as exports rose 10.1 percent and imports soared 8.2 percent.

Year-on-year, exports rose 10.3 percent to USD 35.78 billion in August of 2017, marking the tenth consecutive month of annual gain. Non-oil sales, which account for around 95 percent of total exports, increased 10.6 percent and exports of oil went up 4.1 percent. Within non-oil exports, sales of manufactured goods rose 10.7 percent, driven by exports of food, beverages and tobacco (20.7 percent); automotive products (15.6 percent); electronic goods and appliances (12.9 percent); professional and scientific equipment (11.4 percent) and special machinery and equipment for industries (9.1 percent). Also, sales advanced for agricultural and fisheries (4.1 percent), namely those of raw coffee beans (90.6 percent); fruits and edible fruits (51.9 percent); citrus (37 percent); mango (23.5 percent) and fresh vegetables (18.1 percent). Meantime, shipments of mining products jumped 19.2 percent, compared to a 14.5 percent rise in July.

Exports to the United States surged 9.3 percent, accounting for around 82 percent of total non-oil shipments. Auto sales to the US increased 10.5 percent and exports of other products advanced 8.6 percent. Sales to the rest of the world rose 16.9 percent, with autos jumping 44.9 percent and other products climbing 7 percent.

Imports advanced 12.2 percent to USD 38.51 billion, the highest value on record, driven by higher purchases of intermediate goods (12.9 percent), consumption goods (12 percent) and capital goods (7.2 percent).

On a seasonally adjusted basis, exports went up 1.96 percent to USD 34.23 billion, led by an increase of 2.43 percent in non-oil shipments while oil sales fell 6.39 percent. Imports grew at a faster 3.35 percent to USD 35.52 billion, with advances in both oil purchases (15.58 percent) and non-oil imports (2.13 percent), thus widening the trade deficit to USD 1283 million from USD 789 million in the previous period.

INEGI |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/27/2017 2:30:48 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-27 01:00 PM Balance of Trade $62M $-1079M $-303M $-600M
2017-08-28 01:00 PM Balance of Trade $-1523M $62M $-816M $400M
2017-09-27 01:00 PM Balance of Trade $-2732M $-1.523B $-1498M $-750M
2017-10-26 01:00 PM Balance of Trade $-2732M $-1700M
2017-11-27 02:00 PM Balance of Trade
2017-12-27 02:00 PM Balance of Trade $-1100M


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -2732.00 -1523.00 1710.25 -3470.98 USD Million [+]
Exports 35778.30 32162.51 36879.05 1225.59 USD Million [+]
Imports 38510.70 33685.11 38510.70 647.02 USD Million [+]
Current Account -321.10 -8397.90 2173.80 -8834.10 USD Million [+]
Current Account to GDP -2.70 -2.80 3.40 -6.10 percent [+]
External Debt 439366.20 431408.60 439366.20 0.70 MXN Billion [+]
Terms of Trade 48.55 48.01 106.34 43.46 Index Points [+]
Foreign Direct Investment 5621.30 10023.90 20839.60 -63.90 USD Million [+]
Remittances 7305.90 6640.20 7305.90 158.70 USD Million [+]
Tourism Revenues 1590592.25 2012033.53 2124964.35 158919.00 USD Thousand [+]
Tourist Arrivals 1656.13 2161.57 2496.24 56.59 Thousand [+]
Gold Reserves 120.10 120.10 125.35 2.55 Tonnes [+]
Crude Oil Production 2035.00 2053.00 3547.00 1977.00 BBL/D/1K [+]
Terrorism Index 3.72 3.99 4.51 1.35 [+]
Capital Flows -10.30 9.00 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 (83 percent of total shipments) and oil and oil products (13 percent). Main imports are: metallic products, machinery and equipment (50 percent of total imports), mining products (13 percent) and chemical products (6.3 percent). Mexico´s main trading partner is the United States (80 percent of total exports and 51 percent of imports). Others include: Canada, China and Japan. In 2015, trade between Mexico and the United States reached USD 496 billion, with Mexico posting a surplus of around USD 122 billion. Main exports include vehicles other than railway, tramway (25% of total sales); electrical, electronic equipment (23%); nuclear reactors, boilers, machinery (15%). Main imports from the United States include nuclear reactors, boilers, machinery (15% of total imports); electrical, electronic equipment (13%); mineral fuels, oil (12%); vehicles other than railway, tramway (11%) and plastics (8%). . 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2732.00 -1523.00 1710.25 -3470.98 1980 - 2017 USD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17