Mexico trade deficit rose to USD 2,936 million in October of 2018 from USD 2,251 million in the corresponding month of the previous year. Exports rose 12.6 percent from a year earlier to USD 41,352 million while imports advanced at a faster 13.7 percent to USD 44,288 million. Balance of Trade in Mexico averaged -320.01 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.

Balance of Trade in Mexico is expected to be 500.00 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 -800.00 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
2018-08-27 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 $-0.194B $-2.59B $-1.875B $ -2B
2018-11-27 02:00 PM Balance of Trade $-2.936B $-0.194B $-2.1B
2018-12-28 02:00 PM Balance of Trade $-2.936B $0.7B
2019-01-28 02:00 PM Balance of Trade $ 0.5B
2019-02-27 02:00 PM Balance of Trade



Mexico Trade Gap Widens in October



Mexico trade deficit rose to USD 2,936 million in October of 2018 from USD 2,251 million in the corresponding month of the previous year. Exports rose 12.6 percent from a year earlier to USD 41,352 million while imports advanced at a faster 13.7 percent to USD 44,288 million.

Year-on-year, exports jumped 12.6 percent to USD 41,352 million in October 2018, with non-oil sales, which represented around 93.5 percent of total exports, increasing by 12.3 percent to USD 36,667 million. Sales went up for machinery and special equipment for diverse industries (31.1 percent); food, beverages and tobacco (20 percent); automotive products (14.5 percent) and professional and scientific equipment (11.1 percent). On the other hand, sales of agricultural and fishing goods declined 1.7 percent, namely avocado (-41.7 percent); coffee in grain (-38.9 percent); frozen shrimp (-32.4 percent); melon, watermelon and papaya (-23 percent) and onion and garlic (-15.2 percent).

Oil exports surged 17.8 percent to USD 2,685 million in October. The country exported 1,027 million barrels of oil a day, lower than the 1,342 million recorded in the corresponding month of 2017. Crude oil prices rose to USD 73.36 a barrel, USD 23.93 more than in October last year.

Non-oil shipments to the US increased 13.8 percent, driven by autos (16.8 percent) and other products (12.3 percent). Sales to the rest of the world went up 5.6 percent, as exports of both autos (3.8 percent) and other products (6.5 percent) rose. 

Imports climbed 13.7 percent from a year earlier to USD 44,288 million, as non-oil (12 percent) and oil purchases (27.8 percent) increased. Non-oil purchases were boosted by intermediate goods (13.1 percent); consumer goods (13.2 percent) and capital goods (18.6 percent). 

On a seasonally adjusted monthly basis, the trade gap widened to USD 1,526 million from USD 643.7 million in September, as imports went up 0.33 percent to USD 38,004 million while exports fell 1.94 percent to USD 39,530 million.


INEGI Agna Gabriel | agna.gabriel@tradingeconomics.com
11/27/2018 2:49:12 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -2936.00 -194.00 1713.32 -4419.83 USD Million [+]
Exports 41352.22 37805.51 41352.22 1225.59 USD Million [+]
Imports 44288.19 37999.42 44288.19 647.02 USD Million [+]
Current Account -5081.50 -3074.50 2173.70 -10376.90 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 50.04 49.25 106.34 43.37 Index Points [+]
Foreign Direct Investment 4135.00 8729.60 21154.60 -63.90 USD Million [+]
Remittances 8432.03 9057.60 9057.60 158.70 USD Million [+]
Tourism Revenues 1945771.78 1873371.79 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 1569.15 1300.69 2682.33 56.59 Thousand [+]
Gold Reserves 120.30 120.10 125.35 2.55 Tonnes [+]
Crude Oil Production 1842.00 1865.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -17.50 -10.90 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2936.00 -194.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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