Imports in Mexico

Mexico Imports (%) | Economic News & Forecasts

Mexico - Imports (percent change)

Trade deficit almost doubles in July

Merchandise trade recorded a USD 2.9 billion deficit in July (June: USD 0.9 billion deficit), widening from the USD 1.5 billion shortfall registered in July 2017. The result came in below analysts’ expectations of a narrower USD 1.5 billion deficit.

The result came despite stronger export growth, with exports expanding a solid 14.2% year-on-year in July (June: +5.5% yoy). Import growth, however, also accelerated, driving the deterioration in the trade balance. Imports rose 17.6% annually, notable above June’s 8.0% increase. The rapid growth was chiefly due to a higher energy bill for the country, as petroleum imports rose by over 50.0%.

As a result, the 12-month trailing trade deficit increased to USD 13.8 billion in July from USD 12.4 billion in June, considerably wider than the USD 8.8 billion deficit recorded in July 2017.

Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 442 billion in 2018, which would represent a 7.9% expansion compared to the previous year. Meanwhile, imports are expected to grow 7.5% and reach USD 452 billion. For 2019, the panel expects exports to expand 5.9% and imports to expand 6.3%.

Mexico - Imports (%) Data

2013  2014  2015  2016  2017  
Imports (annual variation in %)2.8  4.9  -1.2  -2.1  8.6  

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Mexico Facts

ValueChangeDate
Bond Yield8.08-0.24 %Sep 20
Exchange Rate18.83-0.29 %Sep 20
Stock Market49,5110.12 %Sep 20

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