Mexico trade deficit narrowed to USD 194 million in September of 2018 from USD 1934 million in the same month a year earlier and compared with market consensus of a USD 1875 million shortfall. It was the smallest trade gap since December last year, as exports increased 12 percent and imports rose at a softer 6.4 percent. Balance of Trade in Mexico averaged -314.39 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 Deficit Narrows in September


Mexico trade deficit narrowed to USD 194 million in September of 2018 from USD 1934 million in the same month a year earlier and compared with market consensus of a USD 1875 million shortfall. It was the smallest trade gap since December last year, as exports increased 12 percent and imports rose at a softer 6.4 percent.

Year-on-year, exports jumped 12 percent to USD 37,806 million in September 2018, with non-oil sales, which represented around 92.7 percent of total exports, increasing 10 percent to USD 35,031 million. Sales went up for machinery and special equipment for diverse industries (19.1 percent); automotive products (17.8 percent); steel products (17.8 percent) and plastic and rubber goods (11.6 percent). Additionally, sales of agricultural and fishing goods rose 1.0 percent, namely fish, crustaceans and mollusks (66.7 percent), cattle (41.3 percent) and fresh vegetables (30 percent).

Oil exports surged 43.8 percent to USD 2,775 million in September. The country exported 1,206 million barrels of oil a day, higher than the 1,159 million recorded in the corresponding month of 2017. Crude oil prices rose to USD 68.44 a barrel, USD 20.14 more than in September last year.

Non-oil shipments to the US, which accounted for more than 80 percent of total sales, increased 9.8 percent, driven by autos (16.9 percent) and other products (5.9 percent). Sales to the rest of the world went up 11.2 percent, as exports of both autos (22.2 percent) and other products (6.2 percent) rose.

Imports advanced 6.4 percent to USD 37,999 million, as non-oil (5.1 percent) and oil purchases (18 percent) increased. Non-oil imports were boosted by intermediate goods (7 percent), consumer goods (1.8  percent) and capital goods (9.1 percent).

On a seasonally adjusted monthly basis, the trade gap declined to USD 460 million from USD 1,172 million, as exports went up 0.9 percent to USD 38,939 million and imports fell 0.9 percent to USD 39,399 million. 


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/26/2018 1:42:53 PM


Recent Releases

Mexico Trade Gap Widens Slightly in August
Mexico recorded a trade deficit of USD 2591 million in August of 2018 from USD 2585 million a year earlier and compared with market expectations of a USD 2204 million shortfall. Exports soared 10.1 percent and imports advanced at a softer 9.4 percent.
Published on 2018-09-27

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.
Published on 2018-08-27

Mexico Trade Balance Swings to Deficit in June
Mexico’s trade balance shifted to USD 897 million deficit in June of 2018 from a USD 0.81 million surplus a year earlier and worse than market expectations of a USD 250 million shortfall. Imports increased 8 percent, boosted by oil purchases while exports rose 5.5 percent.
Published on 2018-07-27

Mexico Posts Largest Trade Gap on Record for May
Mexico recorded a trade deficit of USD 1587.0 million in May of 2018, compared with USD 1203.1 million a year ago and worse than market expectations of a USD 665 million shortfall. It was the largest trade gap for a May month so far. Imports jumped 11.5 percent to a record high, as rising oil prices pushed up the value of oil purchases while exports grew at a softer 10.9 percent.
Published on 2018-06-27



Calendar GMT Actual Previous Consensus TEForecast
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 $-2.59B $-2.889B $-2.204B $-3.0B
2018-10-26 01:00 PM Balance of Trade $-0.194B $-2.59B $-1.875B $ -2B
2018-11-27 02:00 PM Balance of Trade $-0.194B $-2.1B
2018-12-28 02:00 PM Balance of Trade $0.4B


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -194.00 -2590.00 1713.32 -4419.83 USD Million [+]
Exports 37805.51 39536.48 39536.48 1225.59 USD Million [+]
Imports 37999.42 42126.93 42126.93 647.02 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 445610.20 453548.00 453548.00 0.70 USD Million [+]
Terms of Trade 49.25 49.00 106.34 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 1695.14 2168.43 2682.33 56.59 Thousand [+]
Gold Reserves 120.30 120.10 125.35 2.55 Tonnes [+]
Crude Oil Production 1865.00 1951.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-194.00 -2590.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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