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.

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Mexico Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-25 11:00 AM Apr $-1.884B $0.199B $1B $0.5B
2022-06-27 11:00 AM May $-2.215B $-1.884B $-1.1B
2022-07-27 11:00 AM Jun $-2.215B $ 0.2B


Related Last Previous Unit Reference
Balance of Trade -2215.32 -1884.07 USD Million May 2022
Imports 52220.45 49363.53 USD Million May 2022
Exports 50005.13 47479.47 USD Million May 2022
Auto Exports 244.64 241.29 Thousand Units May 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
-2215.32 -1884.07 6274.69 -6278.12 1980 - 2022 USD Million Monthly
NSA

News Stream
Mexico Trade Balance Swings to Deficit in May
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).
2022-06-27
Mexico Posts Unexpected Trade Deficit
Mexico posted a trade deficit of USD 1.88 billion in April of 2022, switching from a USD 1.69 billion surplus in the corresponding month of 2021 and compared to market expectations of a USD 1.00 billion superavit. Exports climbed 16.0 percent from a year earlier to USD 47.48 billion, of which non-oil sales rose 12.4 percent to USD 43.66 billion, and oil exports soared 81.3 percent to USD 3.83 billion. Non-oil exports to the US increased 14.8 percent, and those to the rest of the world expanded just 2.0 percent. Meanwhile, imports went up a faster 25.7 percent to USD 49.36 billion, which included a 21.2 percent jump in non-oil purchases to USD 43.22 billion and a 71.1 percent rebound in oil imports to USD 6.15 billion.
2022-05-25
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