Mexico’s trade balance shifted to a USD 775 million surplus in August 2019 from a USD 2584 million deficit in the same month of the previous year and compared with market expectations of a USD 1304 million surplus. Exports increased 2.2 percent over a year earlier while imports dropped 5.9 percent. Considering the first eight months of the year, the country posted a USD 2804 million surplus. Balance of Trade in Mexico averaged -308.37 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 -1500.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 1500.00 USD Million in 2020, according to our econometric models.

Mexico Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-27 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 $-1.117B $2.561B $0.46B $0.8B
2019-09-27 11:00 AM Balance of Trade Aug $0.775B $-1.117B $1.304B $-1.5B
2019-10-28 11:00 AM Balance of Trade Sep $ -0.8B
2019-11-27 12:00 PM Balance of Trade Oct
2019-12-27 12:00 PM Balance of Trade Nov



Mexico August Trade Balance Swings to Surplus

Mexico’s trade balance shifted to a USD 775 million surplus in August 2019 from a USD 2584 million deficit in the same month of the previous year and compared with market expectations of a USD 1304 million surplus. Exports increased 2.2 percent over a year earlier while imports dropped 5.9 percent. Considering the first eight months of the year, the country posted a USD 2804 million surplus.

Exports rose 2.2 percent year-on-year to USD 40430 million in August, as non-oil exports increased 4.6 percent driven by higher sales of manufacturing (3.7 percent), in particular automotive products (9.7 percent), mining metallury (7.2 percent), food, alcoholic & beverages (5.5 percent), professional & scientific equipment (3.2 percent), and machinery & equipment for industries (2.9 percent). In addition, sales of agricultural products jumped 35.6 percent, boosted by vegetables (160.5 percent), avocado (66 percent), onion & garlic (33.6 percent), pepper (27.4 percent) and mango (10.8 percent). Also, sales of mining went up 1.4 percent. Oil exports declined 29.1 percent. The country exported 1.082 million barrels of crude oil per day, lower than 1.181 million barrels a year earlier while the price was USD 50.37 per barrel, $13.79 below the price in August 2018.

Non-oil exports to the US advanced 4.1 percent, as both auto sales (8.4 percent) and others (1.8 percent) increased. Sales to the rest of the world rose 6.8 percent.

Imports fell 5.9 percent to USD 39655 million, due to lower purchases of intermediate goods (-3.7 percent), as both non oil (-1.8 percent) and oil (-21.4 percent); consumption goods (-11.9 percent), of which oil (-24.5 percent) and non-oil (-5.9); and capital (-14 percent). 

On a seasonally adjusted basis, Mexico trade surplus widened to USD 1690 million in August from USD 653 million in July, as exports went up 2.85 percent and imports increased at a softer 0.10 percent.


INEGI | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/27/2019 11:21:06 AM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 775.00 -1117.00 2561.00 -4642.52 USD Million [+]
Current Account 5142.70 -8508.20 5142.70 -11408.50 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 39655.11 40417.30 44290.89 647.02 USD Million [+]
Exports 40430.13 39300.50 41825.44 1225.59 USD Million [+]
External Debt 457279.90 456251.30 457279.90 0.70 USD Million [+]
Terms of Trade 49.11 48.75 106.34 43.37 Index Points [+]
Foreign Direct Investment 5703.40 12399.10 21008.90 -63.90 USD Million [+]
Remittances 9402.60 7851.96 9402.60 158.70 USD Million [+]
Tourism Revenues 1940183.37 2167570.09 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 1751.36 2196.94 2683.20 56.59 Thousand [+]
Gold Reserves 120.03 120.10 125.30 2.50 Tonnes [+]
Crude Oil Production 1689.00 1681.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -2.20 -34.60 12079.70 -3457.70 USD Million [+]
Auto Exports 284.24 281.81 323.63 9.50 Thousand Units [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
775.00 -1117.00 2561.00 -4642.52 1980 - 2019 USD Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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