Trade Balance in Mexico
Mexico - Trade Balance
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 - Trade Balance Data
|Trade Balance (USD billion)||-1.2||-3.1||-14.7||-13.1||-11.0|
5 years of economic forecasts for more than 30 economic indicators.
Mexico Trade Balance Chart
Source: Mexico National Statistical Institute (INEGI).
|Bond Yield||8.08||-0.24 %||Sep 20|
|Exchange Rate||18.83||-0.29 %||Sep 20|
|Stock Market||49,511||0.12 %||Sep 20|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 5, 2018
Consumer sentiment held up in August, with the seasonally-adjusted consumer confidence index published by INEGI ticking down only marginally from July’s post-election decade high 112.0 points (previously reported: 111.7 points) to 111.8 points.
September 3, 2018
Mexico’s manufacturing sector showed mixed dynamics in August.
September 3, 2018
Remittances totaled USD 2.9 billion in July (June: USD 3.1 billion), a 11.3% increase from the same month last year.
August 27, 2018
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.
August 24, 2018
Economic activity grew 1.2% in June from the same month a year earlier, easing from the 2.2% year-on-year expansion logged in May.