Mexico recorded a USD 3,032 million trade surplus in November, 4 times higher than a USD 767 million surplus a year earlier as exports increased 2.3 percent to USD 38,320 million, due to a 3.3 percent gain in non-oil sales, mainly to the US (3.2 percent) while oil sales sank 17.1 percent. Also, shipments of manufacturing increased 2.7 percent, namely mining metallurgy (24 percent), food, beverages and tobacco (18.8 percent), plastic products and rubber (11.4 percent) and equipment and electrical and electronic devices (3.6 percent). Meanwhile, imports fell 3.9 percent to USD 35,288 million, mainly due to lower purchases of oil (-28.2 percent) and capital goods (-12.9 percent). Considering the first eleven months of 2020, the country record a USD 28.2 billion surplus source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -236.13 USD Million from 1980 until 2020, reaching an all time high of 6223.77 USD Million in October of 2020 and a record low of -4625.28 USD Million in January of 2019. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
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 1000.00 USD Million in 2021 and 1500.00 USD Million in 2022, according to our econometric models.