Trade Balance in Mexico

Mexico Trade Balance | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-1.2  -3.1  -14.7  -13.1  -11.0  

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Mexico Trade Balance Chart


Mexico Trade
Note: Trade balance in USD billion.
Source: Mexico National Statistical Institute (INEGI).

Mexico Facts

ValueChangeDate
Bond Yield8.42-0.24 %Feb 14
Exchange Rate19.26-0.29 %Feb 14
Stock Market42,7250.12 %Feb 14

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