Mexico's trade surplus narrowed to USD 2.681 billion in February of 2021 from USD 2.867 billion in the corresponding month of the previous year. Exports decreased 1.1 percent from a year earlier to USD 36.190 billion, due to a 1.7 percent drop in non-oil exports, while oil sales surged 10.7 percent. Meantime, imports edged down 0.6 percent to USD 33.509 billion, dragged down by purchases of consumer goods (-10.8 percent), while imports rose in intermediate goods (0.5percent) and capital goods (4.8 percent). source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico averaged -219.09 USD Million from 1980 until 2021, reaching an all time high of 6262 USD Million in December of 2020 and a record low of -4625.28 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. Mexico Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Balance of Trade in Mexico is expected to be -2500.00 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 2500.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 2500.00 USD Million in 2022 and 1500.00 USD Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Mexico Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2681.12 -1236.00 6262.00 -4625.28 1980 - 2021 USD Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-24 12:00 PM Nov $3.032B $6.224B $4.566B $5B
2021-01-28 12:00 PM Dec $6.262B $3.032B $4.6B $5.3B
2021-02-26 12:00 PM Jan $-1.236B $6.262B $4.5B
2021-03-26 12:00 PM Feb $2.681B $-1.236B $2.815B $2.6B
2021-04-27 11:00 AM Mar $2.681B $ -2.5B
2021-05-25 11:00 AM Apr
2021-06-28 11:00 AM May
2021-07-27 11:00 AM Jun $ 1.3B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Mexico Trade Surplus Narrows in February
Mexico's trade surplus narrowed to USD 2.681 billion in February of 2021 from USD 2.868 billion in the corresponding month of the previous year. Exports decreased 1.1 percent from a year earlier to USD 36.190 billion, due to a 1.7 percent drop in non-oil exports, while oil sales surged 10.7 percent. Meantime, imports edged down 0.6 percent to USD 33.509 billion, dragged down by purchases of consumer goods (-10.8 percent), while imports rose in intermediate goods (0.5percent) and capital goods (4.8 percent).
2021-03-26
Mexico Trade Gap Shrinks in January
Mexico's trade deficit narrowed to USD 1.236 billion in January of 2021 from USD 2.481 billion in the corresponding month of the previous year. Exports fell 2.6 percent from a year earlier to USD 32.704 billion and after hitting a record high in December, due to a 1.4 percent drop in non-oil exports, and a 20.1 percent slump in oil sales. Within non-oil sales, those to the US went down 1.4 percent. Meantime, imports tumbled at a faster 5.9 percent to USD 33.941 billion, dragged down by purchases of consumer goods (-20.5 percent); intermediate goods (-2.6 percent and capital goods (-10.9 percent).
2021-02-26
Mexico Trade Surplus Widens as Exports Hit Record High
Mexico's trade surplus widened to USD 6.262 billion in December of 2020 from USD 3.134 billion in the corresponding month of the previous year, above market expectations of USD 4.6 billion. Exports soared 11.5 percent year-on-year to a record high of USD 43.163 billion, due to a 13.1 percent growth in non-oil exports, mainly to the US (13.9 percent); while oil sales sank 14.2 percent. Meantime, imports rose at a softer 3.7 percent to USD 36.901 billion, due to higher purchases of non-oil products (5.5 percent) while those of oil declined 12.5 percent. Also, imports of intermediate goods rose 6.7 percent, while imports of consumer goods (-6.7 percent) and capital goods (-4.9 percent) declined. Considering full 2020, the country’s trade surplus rose to USD 34.48 billion from USD 5.409 billion in 2019.
2021-01-28
Mexico Trade Surplus Widens Sharply
Mexico recorded a USD 3,032 million trade surplus in November, 4 times higher than a USD 767 million surplus a year earlier as exports increased 2.3 percent to USD 38,320 million, due to a 3.3 percent gain in non-oil sales, mainly to the US (3.2 percent) while oil sales sank 17.1 percent. Also, shipments of manufacturing increased 2.7 percent, namely mining metallurgy (24 percent), food, beverages and tobacco (18.8 percent), plastic products and rubber (11.4 percent) and equipment and electrical and electronic devices (3.6 percent). Meanwhile, imports fell 3.9 percent to USD 35,288 million, mainly due to lower purchases of oil (-28.2 percent) and capital goods (-12.9 percent). Considering the first eleven months of 2020, the country record a USD 28.2 billion surplus
2020-12-24

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). .