Mexico recorded a trade surplus of USD 0.20 billion in March of 2022, switching from a USD 2.95 billion deficit in the corresponding month of 2021, but missing market expectations of a USD 0.66 billion surplus. Exports rose 20.9 percent from a year earlier to USD 52.00 billion, of which non-oil sales rose 18.4 percent to USD 48.43 billion, and oil exports soared 67.6 percent to USD 3.57 billion. Non-oil exports to the US increased 18.9 percent, and those to the rest of the world expanded 16.2 percent. Meanwhile, imports advanced 12.7 percent to USD 51.80 billion on non-oil purchases (17.1 percent to USD 46.13 billion) and a fall in oil imports (-13.8 percent to USD 5.67 billion). source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico averaged -249.50 USD Million from 1980 until 2022, reaching an all time high of 6256.09 USD Million in October of 2020 and a record low of -6286.26 USD Million in January of 2022. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Balance of Trade in Mexico is expected to be 199.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Balance of Trade is projected to trend around 192.00 USD Million in 2023 and 187.00 USD Million in 2024, according to our econometric models.

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Mexico Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-03-28 12:00 PM Feb $1.293B $-6.286B $-0.5B $-4.4B
2022-04-27 11:00 AM Mar $0.199B $1.293B $0.66B $ -4.5B
2022-05-25 11:00 AM Apr $0.199B $0.5B


Related Last Previous Unit Reference
Balance of Trade 198.72 1292.96 USD Million Mar 2022
Imports 51801.68 44953.08 USD Million Mar 2022
Exports 52000.40 46246.04 USD Million Mar 2022
Auto Exports 241.29 262.49 Thousand Units Apr 2022

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). .
Actual Previous Highest Lowest Dates Unit Frequency
198.72 1292.96 6256.09 -6286.26 1980 - 2022 USD Million Monthly
NSA

News Stream
Mexico Trade Balance Swings to Surplus in March
Mexico recorded a trade surplus of USD 0.20 billion in March of 2022, switching from a USD 2.95 billion deficit in the corresponding month of 2021, but missing market expectations of a USD 0.66 billion surplus. Exports rose 20.9 percent from a year earlier to USD 52.00 billion, of which non-oil sales rose 18.4 percent to USD 48.43 billion, and oil exports soared 67.6 percent to USD 3.57 billion. Non-oil exports to the US increased 18.9 percent, and those to the rest of the world expanded 16.2 percent. Meanwhile, imports advanced 12.7 percent to USD 51.80 billion on non-oil purchases (17.1 percent to USD 46.13 billion) and a fall in oil imports (-13.8 percent to USD 5.67 billion).
2022-04-27
Mexico Trade Surplus Narrows Sharply in February
Mexico’s trade surplus narrowed drastically to USD 1.293 billion in February of 2022 from USD 2.688 billion in the same month of the previous year and missing market expectations of a USD 0.5 billion gap. Exports rose 27.8 percent from a year earlier to USD 46.246 billion, of which non-oil sales rose 26.5 percent to USD 43,452 billion, and oil exports soared 53.5 percent to USD 2.795 billion. Non-oil exports to the US increased 24.8 percent, and those to the rest of the world expanded 33.8 percent. Meanwhile, imports advanced a faster 34.2 percent to USD 44.953 billion on non-oil purchases (33 percent to USD 40.629 billion) and a surge in oil imports (47.6 percent to USD 4.324 billion).
2022-03-28
Mexico Trade Deficit Much Wider than Expected
Mexico’s trade deficit widened significantly to USD 6.286 billion in January of 2022 from USD 1.243 billion in the corresponding month of the previous year, much wider than market expectations of USD 3.842 billion. Exports rose 3.8 percent year-on-year to USD 33.899 billion, with oil exports up 36.4 percent to USD 2.422 billion and a 1.9 percent gain in non-oil exports to USD 31.477 billion. Meanwhile imports jumped 18.5 percent to USD 40.185 billion, as purchases of oil surged 55 percent and non-oil imports jumped 15 percent, namely consumer goods rose by 32.1 percent, intermediate goods by 16.7 percent, and capital goods by 16.5 percent.
2022-02-25