Imports in Mexico
Mexico - Imports (percent change)
Trade deficit signals improved manufacturing-sector exports in January
Merchandise trade recorded a USD 4.8 billion deficit in January, up from the USD 4.4 billion shortfall registered in the same month a year ago but in line with analysts’ expectations. Moreover, the result contrasted the USD 1.8 billion surplus recorded in December 2018.
Export growth on an annual basis climbed to 5.7% from 4.3% in December, helped along by a nearly broad-based improvement in non-oil and gas exports—and especially stronger manufacturing gains. For its part, automotive-sector export growth was stable from a month earlier. Imports, meanwhile, rose 6.1% on the heels of December’s 0.8% fall. Intermediate-good imports—typically, a bellwether for manufacturing output—jumped from a month earlier.
As such, the 12-month trailing trade deficit widened to USD 14.1 billion from USD 13.7 billion in December.
LatinFocus analysts expect exports to reach USD 479 billion in 2019, which would represent a 6.2% year-on-year expansion. Meanwhile, imports are expected to expand 6.2% and reach USD 493 billion. For 2020, the panel expects exports and imports to grow 6.8% and 6.3%, respectively.
Mexico - Imports (%) Data
|Imports (annual variation in %)||2.8||4.9||-1.2||-2.1||8.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.05||-0.24 %||Mar 11|
|Exchange Rate||19.11||-0.29 %||Mar 11|
|Stock Market||41,876||0.12 %||Mar 11|
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March 1, 2019
Remittances totaled USD 2.4 billion in January (December 2018: USD 2.9 billion), a 6.5% increase from the same month a year earlier (December 2018: +6.1% year-on-year).
February 27, 2019
Merchandise trade recorded a USD 4.8 billion deficit in January, up from the USD 4.4 billion shortfall registered in the same month a year ago but in line with analysts’ expectations.
February 25, 2019
Economic activity was flat year-on-year in December, screeching to a halt on the heels of November’s 1.8% increase.
February 25, 2019
A comprehensive estimate for economic growth in the fourth quarter of last year fell shy of analysts’ expectations and confirmed a year-end slowdown on the heels of an upbeat midyear.
February 7, 2019
Consumer prices rose 0.09% from a month earlier in January, cooling from the 0.70% month-on-month increase in December.