Mexico’s trade surplus widened to USD 1222 million in February 2019 from USD 930 million in the same month of the previous year. Exports rose 3.5 percent year-on-year and imports went up at a slower 2.7 percent. Considering the first two months of the year, the country posted a trade gap of USD 3588 million. Balance of Trade in Mexico averaged -326.09 USD Million from 1980 until 2019, reaching an all time high of 1836.32 USD Million in December of 2018 and a record low of -4810 USD Million in January of 2019.
Balance of Trade in Mexico is expected to be 2000.00 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 1500.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1000.00 USD Million in 2020, according to our econometric models.