Mexico reported a USD 2382 million trade deficit in November of 2018 compared to a USD 408 million surplus a year earlier. Exports rose 2.8 percent, boosted by sales to the US while imports jumped at a faster 10.4 percent. Considering the first eleven months of the year, Mexico recorded a USD 15541 million gap, 41.7 percent higher than in the same period of 2017. Balance of Trade in Mexico averaged -324.43 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.
Balance of Trade in Mexico is expected to be 1000.00 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 -800.00 in 12 months time. In the long-term, the Mexico Balance of Trade is projected to trend around 2000.00 USD Million in 2020, according to our econometric models.