Trade Balance in Mexico
Mexico - Trade Balance
Trade deficit narrows in September
Merchandise trade recorded a USD 0.2 billion deficit in September, down significantly from the USD 1.9 billion shortfall registered in the same month a year ago. Moreover, the result was considerably smaller than the revised USD 2.6 billion deficit recorded in August (previously reported: USD 2.9 billion).
Export growth on an annual basis accelerated to 11.9% from 11.0% in August, boosted by stronger manufacturing gains. Import growth, meanwhile, moderated to 6.4% year-on-year—from 9.4% in August—on sizably weaker consumer-good imports.
The 12-month trailing trade deficit narrowed to USD 12.1 billion from USD 13.8 billion in August.
Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 472 billion in 2019, which would represent a 6.3% year-on-year expansion. Meanwhile, imports are expected to grow 6.6% and reach USD 486 billion. For 2020, the panel expects exports to expand 8.7% and imports to expand 9.1%.
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||9.04||-0.24 %||Nov 13|
|Exchange Rate||20.49||-0.29 %||Nov 13|
|Stock Market||42,421||0.12 %||Nov 13|
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November 1, 2018
Remittances totaled USD 2.7 billion in September (August: USD 2.9 billion), an 8.8% increase from the same month last year.
November 1, 2018
Mexico’s manufacturing sector tapped the brakes in October.
October 30, 2018
A preliminary estimate for growth in the third quarter surprised to the upside, confirming the anticipated across-the-board improvement analysts had penciled-in on the heels of this year’s shaky first half.
October 26, 2018
Merchandise trade recorded a USD 0.2 billion deficit in September, down significantly from the USD 1.9 billion shortfall registered in the same month a year ago.
October 23, 2018
Economic activity grew 1.7% in August from the same month a year earlier, losing steam from the 3.3% year-on-year expansion logged in July.