Mexico Balance of Trade  1980-2018 | Data | Chart | Calendar | Forecast

Mexico recorded a trade deficit of USD 2889 million in July of 2018 from a USD 1531 million a year earlier and compared with market expectations of a USD 250 million shortfall. Imports jumped 17.6 percent and exports rose at a slower 14.2 percent. Balance of Trade in Mexico averaged -309.73 USD Million from 1980 until 2018, reaching an all time high of 1713.32 USD Million in March of 2018 and a record low of -4419.83 USD Million in January of 2018.

Mexico Balance of Trade
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Mexico Trade Gap Widens Strongly in July


Mexico recorded a trade deficit of USD 2889 million in July of 2018 from a USD 1531 million a year earlier and compared with market expectations of a USD 250 million shortfall. Imports jumped 17.6 percent and exports rose at a slower 14.2 percent.

Year-on-year, imports jumped 17.6 percent to USD 39,610 million in July of 2018. Non-oil purchases increased 13.6 percent to USD 34,696 million, driven by higher purchases of intermediate goods (16.5 percent); capital goods (23.5 percent) and consumer goods (19.7 percent). Oil imports surged 56.8 percent to USD 4,914 million.

Exports advanced at a slower 14.2 percent to USD 36,721 million, with non-oil sales, which accounted for around 93 percent of total exports, rising 12.9 percent to USD 34,117 million. Shipments increased for manufactured products (13.1 percent), especially steel products (38 percent); automotive products (16.4 percent); food, beverages and tobacco (14.8 percent); electrical and electronic equipment and appliances (9.7 percent) and machinery and special equipment for diverse industries (9.4 percent). Meantime, sales of agricultural goods went up (4.0 percent), due to rises in sales of fish, crustaceans and mollusks (56.2 percent); fruits and edible fruits (48 percent); pepper (24.6 percent); cattle (21.4 percent) and tomato (18.7 percent). In addition, shipments were up for mining products (19.9 percent).

Oil exports grew 34.2 percent to USD 2,604 million in July 2018. Mexico exported 1,156 million barrels a day, below the 1,255 million recorded in the corresponding month of 2017. Crude oil prices in turn were up to USD 66.26 a barrel, USD 1.66 million more than in July of 2017.

Non-oil dispatches to the US, which represented more than 80 percent of total sales, went up 12.8 percent, mainly due to exports of autos (17.1 percent) and other products (10.8 percent). Exports to the rest of the world grew at a faster 13.3 percent, boosted by sales of other products (13.4 percent) and autos (13.0 percent).

On a seasonally adjusted monthly basis, the trade deficit narrowed to USD 1,692 million from USD 1,809 million, as exports increased 0.13 percent to USD 36,860 million while imports dropped 0.18 percent to USD 38,552 million.


INEGI Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/27/2018 2:08:05 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-27 01:00 PM Balance of Trade $-1.587B $-0.289B $-0.665B $-2.0B
2018-07-27 01:00 PM Balance of Trade $-0.897B $-1.587B $-0.25B $ 0.8B
2018-08-27 01:00 PM Balance of Trade $-2.889B $-0.897B $-0.25B $-1.2B
2018-09-27 01:00 PM Balance of Trade $-2.889B $-1.81B $-3.0B
2018-10-26 01:00 PM Balance of Trade $ -2B
2018-11-27 02:00 PM Balance of Trade $-2.1B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -2889.20 -897.00 1713.32 -4419.83 USD Million [+]
Exports 36720.60 37484.17 39445.70 1225.59 USD Million [+]
Imports 39609.80 38381.09 40763.85 647.02 USD Million [+]
Current Account -3882.10 -8763.30 2173.70 -10604.80 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
External Debt 453548.00 438569.10 453548.00 0.70 USD Million [+]
Terms of Trade 48.93 47.55 106.34 43.37 Index Points [+]
Foreign Direct Investment 6726.90 11115.40 21132.80 -63.90 USD Million [+]
Remittances 9057.60 7186.90 9057.60 158.70 USD Million [+]
Tourism Revenues 1945771.78 1873371.79 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 2168.43 2124.15 2682.33 56.59 Thousand [+]
Gold Reserves 120.10 120.20 125.35 2.55 Tonnes [+]
Crude Oil Production 1891.00 1911.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -10.90 -23.80 12079.70 -3457.70 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). . 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 - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2889.20 -897.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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