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

Mexico posted a trade deficit of USD 1079.2 million in May of 2017 compared to a USD 442.1 million trade shortfall a year earlier and missing market expectations of a USD 1000 million surplus. It is the largest trade deficit for a May month since 2015, as exports rose 12.9 percent and imports advanced at a faster 14.7 percent. Balance of Trade in Mexico averaged -285.03 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-27 01:00 PM Mar $-183M $684M $950M $800M
2017-05-25 01:00 PM Apr $617M $-63.2M $-1804M $250M
2017-06-27 01:00 PM May $-1079M $883M $1000M $200M
2017-07-27 01:00 PM Jun $-1079M $-300M $-600M
2017-08-28 01:00 PM Jul
2017-09-27 01:00 PM Aug




Mexico Trade Deficit Widens Sharply In May


Mexico posted a trade deficit of USD 1079.2 million in May of 2017 compared to a USD 442.1 million trade shortfall a year earlier and missing market expectations of a USD 1000 million surplus. It is the largest trade deficit for a May month since 2015, as exports rose 12.9 percent and imports advanced at a faster 14.7 percent.

Exports rose 12.9 percent year-on-year to USD 35.47 billion, following an upwardly revised 4.5 percent in April and marking the seventh straight annual gain. Non-oil sales, which account for 95 percent of total exports increased 13.8 percent while oil sales declined 3.5 percent.

Exports of manufactured products rose 12.9 percent, accounting for nearly 90 percent, driven by sales of food, beverages and tobacco (28.4 percent); equipment and electric and electronic apparatus (19.7 percent); special machinery and equipment for industries (16.8 percent); automotive products (13.8 percent) and professional and scientific equipment (11 percent). In addition, sales of agricultural and fisheries jumped 24.3 percent, mainly those of avocados (104.1 percent), cattle (77.9 percent), grapes and raisins (44.7 percent) and fresh vegetables (39.7 percent). Also, shipments of mining products surged 60.5 percent.

Exports to the United States grew 12.6 percent, accounting for more than 80 percent of total non-oil shipments. Auto sales rose 12.4 percent, accounting for more than 27 percent, and exports of other products advanced 12.6 percent. Sales to the rest of the world jumped 20.4 percent, with autos increasing 22 percent and other products by 19.7 percent.

Imports advanced at a faster 14.7 percent to USD 36.54 billion, following a 5 percent decrease in the previous month. Purchases were boosted by intermediate goods (15.9 percent), consumption goods (10.7 percent) and capital goods (11.1 percent).

On a seasonally adjusted basis, exports went up 0.74 percent to USD 33.21 billion, led by a 1.68 percent increase in non-oil sales while oil shipments fell 15.63 percent. Imports rose 2.91 percent to USD 33.94 billion, widening the trade deficit to USD 733 million.


INEGI |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/27/2017 2:15:31 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -1079.20 882.90 1710.25 -3470.98 USD Million [+]
Exports 35465.57 31750.60 36879.05 1225.59 USD Million [+]
Imports 36544.77 30867.76 36943.16 647.02 USD Million [+]
Current Account -6859.20 -2418.10 2173.78 -8821.50 USD Million [+]
Current Account to GDP -2.70 -2.80 3.40 -6.10 percent [+]
External Debt 431343.90 4120.34 431343.90 0.70 MXN Billion [+]
Terms of Trade 47.19 47.13 106.34 43.46 Index Points [+]
Foreign Direct Investment 7945.60 6045.30 20839.60 -63.90 USD Million [+]
Remittances 6639.60 6930.10 6967.70 158.70 USD Million [+]
Tourism Revenues 1626953.19 1823429.92 2124964.35 158919.00 USD Thousand [+]
Tourist Arrivals 1702.08 1864.58 2496.24 56.59 Thousand [+]
Gold Reserves 120.10 120.46 125.35 2.55 Tonnes [+]
Crude Oil Production 2053.00 2051.00 3547.00 1977.00 BBL/D/1K [+]
Terrorism Index 3.72 3.99 4.51 1.35 [+]
Capital Flows 1800.70 15409.60 27743.60 -9887.46 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Mexico Balance of Trade Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1079.20 882.90 1710.25 -3470.98 1980 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 2471.00 May/17
Brazil 7195.00 Jun/17
Canada -1085.90 May/17
China 427.50 Jun/17
Euro Area 21417.50 May/17
France -4886.00 May/17
Germany 22000.00 May/17
India -12959.90 Jun/17
Indonesia 1631.20 Jun/17
Italy 4341.51 May/17
Japan 439.91 Jun/17
Mexico -1079.20 May/17
Netherlands 4655.00 May/17
Russia 8519.00 May/17
South Korea 11400.00 Jun/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -7307.04 May/17
United Kingdom -3073.00 May/17
United States -46507.00 May/17