Mexico’s trade surplus widened sharply to USD 3068 million in December 2019 from USD 1859 million in the same month of the previous year and beating market expectations of USD 138 million. It was the largest trade surplus on record, as exports rose 3 percent to USD 38663 million boosted by sales of both oil (4.3%) and non-oil (2.9%), of which manufacturing products (2.6%), agricultural (7.5%) and extractive (5.7%). The country exported 1.118 million barrels of crude oil per day, higher than 1.114 million barrels a year earlier, while the price was USD 54.53 per barrel, $4.04 above the price in December 2018. Non-oil exports to the US increased 2.9 percent, driven by automotive (1.2%) and other goods (3.7%). Imports fell 0.3 percent to USD 35595 million, due to lower purchases of intermediate goods (-1%); capital (-0.6%); and oil (-9.7%). Considering 2019 as a whole, the country recorded a USD 5820 million surplus, compared with a USD 13618 million deficit in 2018.

Balance of Trade in Mexico averaged -299.52 USD Million from 1980 until 2019, reaching an all time high of 3068.29 USD Million in December of 2019 and a record low of -4642.52 USD Million in January of 2019. This page provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico is expected to be -2200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Mexico to stand at 1000.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1000.00 USD Million in 2021 and 1500.00 USD Million in 2022, according to our econometric models.


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Mexico Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3068.29 790.35 3068.29 -4642.52 1980 - 2019 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-28 12:00 PM Sep $-0.116B $0.775B $0.245B $0.35B
2019-11-27 12:00 PM Oct $-0.726B $-0.116B $-1.714B $-2.0B
2019-12-27 12:00 PM Nov $0.79B $-0.726B $-0.245B $-1.4B
2020-01-28 12:00 PM Dec $3.068B $0.79B $0.138B $0.5B
2020-02-28 12:00 PM Jan $3.068B $-2.472B $-2.1B
2020-03-27 12:00 PM Feb
2020-04-28 11:00 AM Mar $ -0.8B
2020-05-25 11:00 AM Apr


News Stream
Mexico Posts Largest Trade Surplus on Record
Mexico’s trade surplus widened sharply to USD 3068 million in December 2019 from USD 1859 million in the same month of the previous year and beating market expectations of USD 138 million. It was the largest trade surplus on record, as exports rose 3 percent to USD 38663 million boosted by sales of both oil (4.3%) and non-oil (2.9%), of which manufacturing products (2.6%), agricultural (7.5%) and extractive (5.7%). The country exported 1.118 million barrels of crude oil per day, higher than 1.114 million barrels a year earlier, while the price was USD 54.53 per barrel, $4.04 above the price in December 2018. Non-oil exports to the US increased 2.9 percent, driven by automotive (1.2%) and other goods (3.7%). Imports fell 0.3 percent to USD 35595 million, due to lower purchases of intermediate goods (-1%); capital (-0.6%); and oil (-9.7%). Considering 2019 as a whole, the country recorded a USD 5820 million surplus, compared with a USD 13618 million deficit in 2018.
2020-01-28
Mexico Trade Balance Swings to Surplus
Mexico posted a USD 790.4 billion trade surplus in November of 2019, compared to a USD 2.3 billion gap a year earlier and markets expectations of USD 0.25 billion deficit. Imports slumped 10.3 percent year-on-year, the biggest annual decline since October of 2009, as shipments were down across all sectors. Exports declined at a softer 2.9 percent, with non-oil shipments to the US, the biggest export market, shrinking 0.7 percent. Auto sales to the US declined 1.8 percent. Considering the first eleven months of the year, the country recorded a USD 2.75 billion surplus.
2019-12-27
Mexico Trade Gap Narrows Sharply in October
Mexico’s trade deficit narrowed sharply to USD 726 million in October 2019 from USD 2934 million in the corresponding month of the previous year and compared with market expectations of a USD 1714 million shortfall. Imports fell 6.4 percent over a year earlier while exports went down at a softer 1.5 percent. Considering the first ten months of the year, the country recorded a USD 1962 million surplus.
2019-11-27
Mexico Posts Smallest Trade Gap in Over 2 Years
Mexico’s trade deficit narrowed to USD 116 million in September 2019 from USD 301 million in the corresponding month of the previous year and compared with market expectations of a USD 245 million surplus. It was the smallest trade gap since June 2017, as imports dropped 1.8 percent over a year earlier while exports fell at a softer 1.3 percent. Considering the first nine months of the year, the country recorded a USD 2687 million surplus.
2019-10-28

Mexico Balance of Trade
Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Others include: China, Japan and Germany. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). .