Mexico’s trade balance shifted to a USD 2561 million surplus in June 2019 from a USD 899 million gap in the same month of the previous year and beating market forecasts of a USD 460 million surplus. It was the largest trade surplus on record, as exports rose 1.6 percent over a year earlier and imports dropped 7.8 percent. Considering the first half of the year, the country posted a USD 3145 million trade surplus. Balance of Trade in Mexico averaged -308.95 USD Million from 1980 until 2019, reaching an all time high of 2561 USD Million in June of 2019 and a record low of -4642.52 USD Million in January of 2019.

Balance of Trade in Mexico is expected to be -800.00 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 -2200.00 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.

Mexico Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-26 01:00 PM Balance of Trade Mar $1.429B $1.222B $2.0B
2019-05-24 01:00 PM Balance of Trade Apr $1.37B $1.486B $-0.544B $-0.1B
2019-06-27 01:00 PM Balance of Trade May $1.031B $1.37B $-1.03B $-0.8B
2019-07-26 11:00 AM Balance of Trade Jun $2.561B $1.031B $0.46B $0.9B
2019-08-27 11:00 AM Balance of Trade Jul $2.561B
2019-09-27 11:00 AM Balance of Trade Aug
2019-10-28 11:00 AM Balance of Trade Sep $ -0.8B



Mexico Posts Largest Trade Surplus on Record

Mexico’s trade balance shifted to a USD 2561 million surplus in June 2019 from a USD 899 million gap in the same month of the previous year and beating market forecasts of a USD 460 million surplus. It was the largest trade surplus on record, as exports rose 1.6 percent over a year earlier and imports dropped 7.8 percent. Considering the first half of the year, the country posted a USD 3145 million trade surplus.

Year-on-year, exports increased 1.2 percent to USD 37949 million in June. Non-oil exports advanced 2.8 percent, boosted by higher sales of manufacturing (2.9 percent), in particular machinery & equipment for industries (13 percent), food, alcoholic & beverages (11.7 percent), automotive products (4.4 percent) and steel products (1.1 percent). Additionally, sales of  agricultural products rose 4.9 percent, namely frozen shrimp (137.8 percent), melon, watermelon & papaya (73 percent), grapes & raisins (72.7 percent), fresh vegetables (24.7 percent) and peppers (19.6 percent). In contrast, sales of mining dropped 7.3 percent. Oil exports declined 20.4 percent. The country exported 0.995 million barrels of crude oil per day, lower than 1.110 million barrels a year ago while the price was USD 58.33 per barrel, $6.26 below the price in June 2018.

Non-oil exports to the US went up 4.1 percent, as both auto sales (6.5 percent) and others (2.8 percent) increased. Sales to the rest of the world fell 2.5 percent.

Imports decreased 7.8 percent to USD 35388 million, mainly due to lower purchases of consumption goods (7.1 percent), of which non-oil (-5.7 percent) and gasoline, butane & propane gas (-9.7 percent); intermediate (-6.2 percent), as both oil (-23.5 percent) and non-oil (-4.2 percent); and capital goods (-21.2 percent). 

On a seasonally adjusted basis, Mexico trade surplus widened to USD 1459 million in June from USD 984 million in May. Exports declined 3.76 percent month-over-month and imports dropped a faster 4.78 percent.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/26/2019 11:26:11 AM


News

Mexico May Trade Balance Swings to Surplus
Mexico’s trade balance shifted to a USD 1031 million surplus in May 2019 from a USD 1587 million deficit in the corresponding month of the previous year and beating market expectations of a USD 1.03 billion shortfall. Exports increased 6.7 percent year-on-year and imports rose at a softer 0.1 percent. Considering the first five months of the year, the country recorded a USD 584 million trade surplus.
Published on 2019-06-27

Mexico Trade Balance Swings to Surplus in April
Mexico’s trade balance shifted to a USD 1370 million surplus in April 2019 from a USD 289 million deficit in the same month of the previous year and compared with market expectations of a USD 544 billion shortfall. Exports rose 6.1 percent year-on-year and imports went up at a slower 1.6 percent. Considering the first four months of the year, the country posted a USD 446 million trade gap.
Published on 2019-05-24

Mexico Trade Surplus Narrows in March
Mexico’s trade surplus narrowed to USD 1429 million in March 2019 from USD 1713 million in the same month of the previous year. Exports dropped 1.2 percent year-on-year and imports fell at a softer 0.5 percent. Considering the first quarter of the year, the country posted a trade shortfall of USD 2158 million.
Published on 2019-04-26

Mexico Trade Surplus Widens in February
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.
Published on 2019-03-27



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 2561.00 1030.71 2561.00 -4642.52 USD Million [+]
Current Account -5634.10 -2937.30 2173.70 -10693.30 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 35388.25 40794.74 44290.89 647.02 USD Million [+]
Exports 37949.26 41825.44 41825.44 1225.59 USD Million [+]
External Debt 456251.30 446097.80 456251.30 0.70 USD Million [+]
Terms of Trade 48.75 49.33 106.34 43.37 Index Points [+]
Foreign Direct Investment 10162.00 6109.50 20982.80 -63.90 USD Million [+]
Remittances 9185.62 7699.06 9185.62 158.70 USD Million [+]
Tourism Revenues 1937163.11 2098066.11 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 2163.38 1835.07 2683.20 56.59 Thousand [+]
Gold Reserves 119.90 120.00 125.35 2.55 Tonnes [+]
Crude Oil Production 1698.00 1714.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -34.60 -12.40 12079.70 -3457.70 USD Million [+]
Auto Exports 270.90 320.47 323.63 9.50 Thousand Units [+]

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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2561.00 1030.71 2561.00 -4642.52 1980 - 2019 USD Million Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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