Exports in Mexico
Mexico - Exports
Trade deficit widens in November
Merchandise trade recorded a USD 2.4 billion deficit in November, down considerably from the USD 0.4 billion surplus registered in the same month a year earlier. That said, the result was narrower than the USD 2.9 billion deficit recorded in October.
Export growth on an annual basis slowed to 2.8% from 12.6% in October, hurt by an across-the-board slowdown—all-important manufacturing gains eased up, while oil and gas shipments lost ground. Import growth, meanwhile, slowed to 11.4% year-on-year from 13.7% in October on weaker gains in consumer-good imports. Intermediate-good imports, on the other hand, accelerated from a month earlier.
As such, the 12-month trailing trade deficit widened to USD 15.5 billion from USD 12.8 billion in October.
Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 473 billion in 2019, which would represent a 6.4% year-on-year expansion. Meanwhile, imports are expected to expand 5.7% and reach USD 482 billion. For 2020, the panel expects exports and imports to grow 6.6% and 5.8%, 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||8.73||-0.24 %||Jan 21|
|Exchange Rate||19.17||-0.29 %||Jan 21|
|Stock Market||44,029||0.12 %||Jan 21|
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January 15, 2019
Mexico’s new government earned plaudits on the announcement of its 2019 budget on 15 December, its first since Andrés Manuel López Obrador (AMLO) took power on the heels on last July’s landslide election victory.
January 9, 2019
Consumer prices rose 0.70% from a month earlier in December, cooling somewhat from their 0.85% month-on-month increase in November.
January 3, 2019
Remittances totaled USD 2.9 billion in November (October: USD 2.9 billion), a 20.2% increase from the same month a year earlier.
January 2, 2019
Mexico’s manufacturing sector appeared to contract in December.
December 28, 2018
Merchandise trade recorded a USD 2.4 billion deficit in November, down considerably from the USD 0.4 billion surplus registered in the same month a year earlier.