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.

Mexico Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
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 $-2.936B $-0.194B $-2.1B
2018-12-28 02:00 PM Balance of Trade $-2.382B $-2.936B $0.7B
2019-01-28 02:00 PM Balance of Trade $-2.382B $ -2.1B
2019-02-27 02:00 PM Balance of Trade
2019-03-27 02:00 PM Balance of Trade



Mexico Trade Balance Swings to Deficit

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.

Exports went up 2.8 percent year-on-year to USD 38544 million. Non-oil exports increased 3.3 percent, mainly boosted by sales of manufacturing (4.1 percent), namely machinery and special equipment (15.8 percent); professional and scientific equipment (9.7 percent); food, beverages and tobacco (8.5 percent) and automotive products (5.6 percent). On the other hand, sales of agricultural products declined 8.8 percent, mainly due to coffee in grain (-67.6 percent); avocado (-38.6 percent); cucumber (-32.6 percent); fresh vegetables (-14.7 percent) and tomato (-6.7 percent). Shipments of mining dropped 11.9 percent and oil sales fell 4.5 percent. The country exported 1.135 million barrels of crude oil per day, below 1.388 million a year earlier while the price was USD 60.69 per barrel, $7.49 above the price in November of 2017.

Non-oil exports to the US increased 4.3 percent, of which auto sales went up 8.4 percent. Sales to the rest of the world dropped 0.6 percent.

Imports rose 10.4 percent to USD 40926 million, led by sales of consumption (4 percent), intermediate (11.8 percent) and capital (6.8 percent) goods.

On a seasonally adjusted basis, Mexico reported a USD 2763 million deficit, above a USD 1649 million gap in October. Exports declined 1.6 percent while imports rose 1.3 percent.


INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
12/28/2018 2:45:55 PM


News

Mexico Trade Gap Widens in October
Mexico trade deficit rose to USD 2,936 million in October of 2018 from USD 2,251 million in the corresponding month of the previous year. Exports rose 12.6 percent from a year earlier to USD 41,352 million while imports advanced at a faster 13.7 percent to USD 44,288 million.
Published on 2018-11-27

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.
Published on 2018-10-26

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 Last Previous Highest Lowest Unit
Balance of Trade -2382.00 -2936.00 1713.32 -4419.83 USD Million [+]
Current Account -5081.50 -3074.50 2173.70 -10376.90 USD Million [+]
Current Account to GDP -1.60 -2.10 3.40 -6.10 percent [+]
Imports 40926.11 44288.19 44288.19 647.02 USD Million [+]
Exports 38544.27 41352.22 41352.22 1225.59 USD Million [+]
External Debt 451594.30 445610.20 453548.00 0.70 USD Million [+]
Terms of Trade 50.04 49.25 106.34 43.37 Index Points [+]
Foreign Direct Investment 4135.00 8729.60 21154.60 -63.90 USD Million [+]
Remittances 8432.03 9057.60 9057.60 158.70 USD Million [+]
Tourism Revenues 1945771.78 1873371.79 2362556.54 158919.00 USD Thousand [+]
Tourist Arrivals 1932.22 1569.15 2682.33 56.59 Thousand [+]
Gold Reserves 120.10 120.30 125.35 2.55 Tonnes [+]
Crude Oil Production 1849.00 1842.00 3547.00 1761.00 BBL/D/1K [+]
Terrorism Index 3.29 3.72 4.51 1.35 [+]
Capital Flows -17.50 -10.90 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2382.00 -2936.00 1713.32 -4419.83 1980 - 2018 USD Million Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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