Mexico recorded a trade deficit of USD 2.2 billion in May of 2022, switching from a USD 0.39 billion deficit in the corresponding month of 2021. Exports rose 22.4 percent from a year earlier to USD 50.01 billion, of which non-oil sales rose 20.0 percent to USD 46.20 billion, and oil exports soared 63 percent to USD 3.81 billion. Non-oil exports to the US increased 21.2 percent, and those to the rest of the world expanded 15.0 percent. Meanwhile, imports advanced 29.1 percent to USD 52.22 billion on non-oil (24 percent to USD 56.23 billion) and oil purchases (76 percent to USD 7.00 billion). source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -255.33 USD Million from 1980 until 2022, reaching an all time high of 6274.69 USD Million in December of 2020 and a record low of -6278.12 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 July 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.