Trade Balance in Mexico
Mexico - Trade Balance
Trade surplus catches analysts off-guard in December
Merchandise trade recorded a USD 1.8 billion surplus in December, up considerably from the negligible balance registered in the same month a year earlier on plummeting gasoline imports. Moreover, the result was considerably stronger than the USD 2.4 billion deficit recorded in November.
Export growth on an annual basis climbed to 4.3% from 2.8% in November, helped along by a broad-based improvement in non-oil and gas exports—and especially stronger manufacturing gains. Imports, meanwhile, fell 0.8% on the heels of November’s 11.4% rise. Consumer-good imports were down sharply, while intermediate-good imports—typically, a bellwether for fixed-capital spending—lost momentum from a month earlier.
As such, the 12-month trailing trade deficit narrowed to USD 13.7 billion from USD 15.5 billion in November.
Panelists surveyed for this month’s LatinFocus report expect exports to reach USD 474 billion in 2019, which would represent a 6.2% year-on-year expansion. Meanwhile, imports are expected to expand 5.4% and reach USD 484 billion. For 2020, the panel expects exports and imports to grow 5.5% and 4.8%, respectively.
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||8.42||-0.24 %||Feb 14|
|Exchange Rate||19.26||-0.29 %||Feb 14|
|Stock Market||42,725||0.12 %||Feb 14|
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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.
February 7, 2019
At its 7 February monetary policy meeting, Banxico’s governing board unanimously voted to leave the target for the overnight interbank interest rate at its decade-high 8.25%.
February 6, 2019
Consumer confidence rose in January, with the seasonally-adjusted consumer confidence index published by the National Statistics Institute (INEGI) hitting a new multi-year high of 112.0 points, up from December’s upwardly revised 116.6 points.
February 4, 2019
In line with a modest recovery, the manufacturing sector appeared to stagnate at the outset of the year.
February 1, 2019
Remittances totaled USD 2.9 billion in December (November: USD 2.9 billion), a 6.0% increase from the same month a year earlier (November: +20.2% year-on-year).