Exports in Mexico
Mexico - Exports
All-important manufacturing exports fall in March; trade surplus persists
Merchandise trade recorded a sizable USD 1.4 billion surplus in March, down from the USD 1.7 billion windfall registered in the same month a year ago. Behind the rosy headline was, however, a disappointing outturn for the external sector; imports and exports both fell on an annual basis. Moreover, the result came in ahead of the USD 1.2 billion surplus recorded in February.
Exports contracted 1.2% year-on-year (February: +3.5% year-on-year), hurt by all-important manufacturing exports. For its part, automotive-sector export growth fell sharply from February. Imports, meanwhile, fell 0.5% year-on-year (February: +2.7% year-on-year). Intermediate-good imports—typically a bellwether for manufacturing output—held broadly steady, while consumer-good imports fell sharply.
As such, the 12-month trailing trade deficit widened to USD 14.1 billion from USD 13.8 billion in February.
LatinFocus analysts expect exports to reach USD 476 billion in 2019, which would represent a 5.6% year-on-year expansion. Meanwhile, imports are expected to expand 5.7% and reach USD 491 billion. For 2020, the panel expects exports and imports to expand 5.9% and 5.6%, respectively.
Mexico - Exports Data
|Exports (USD billion)||380||397||381||374||119|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.12||-0.24 %||May 13|
|Exchange Rate||19.22||-0.29 %||May 13|
|Stock Market||43,142||0.12 %||May 13|
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May 16, 2019
At its 16 May monetary policy meeting, Banxico’s governing board unanimously voted to leave the target for the overnight interbank interest rate at 8.25%, matching market analysts’ expectations.
May 9, 2019
Consumer prices increased 0.05% from a month earlier in April, easing from the 0.39% month-on-month increase in March.
May 8, 2019
Mexico’s manufacturing sector appeared to recover somewhat at the outset of the second quarter.
May 8, 2019
Consumer confidence eased further in April, with the seasonally-adjusted consumer confidence index published by the Statistical Institute (INEGI) coming in at 113.8 points, down from 115.9 in March.
May 1, 2019
Remittances inflows totaled USD 2.9 billion in March, an 8.3% increase from the USD 2.7 billion inflow recorded in the same month a year ago.