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.

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Mexico Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3032.50 6223.77 6223.77 -4625.28 1980 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-28 11:00 AM Aug $6.116B $5.799B $5.9B
2020-10-27 12:00 PM Sep $4.385B $6.116B $3.795B $4B
2020-11-27 12:00 PM Oct $6.224B $4.385B $3.575B $4B
2020-12-24 12:00 PM Nov $3.032B $6.224B $4.566B $5B
2021-01-28 12:00 PM Dec $3.032B $4.6B $6B
2021-02-26 12:00 PM Jan
2021-03-26 12:00 PM Feb
2021-04-27 11:00 AM Mar
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Mexico Trade Surplus Widens Sharply
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
2020-12-24
Mexico Posts Largest Trade Surplus on Record
Mexico's trade balance shifted to a USD 6.22 billion surplus in October 2020 from a USD 0.68 billion deficit in the corresponding month of the previous year and above market forecasts of a USD 3.575 billion surplus. It was the largest trade surplus on record, as imports slumped 13.8 percent over a year earlier to USD 35.72 billon due to lower purchases of intermediate goods (-9.2 percent); consumption (-34.4 percent); capital (-18.3 percent); and oil (-33.4 percent). Exports rose 2.9 percent to a record high of USD 41.94 billion boosted by sales of non-oil products (4.5 percent), while those of oil plunged (-30.2 percent). The country exported 0.908 million barrels of crude oil per day, lower than 0.963 million barrels a year earlier, while the price was USD 36.75 per barrel, $13.85 below the price in October 2019. Non-oil exports to the US went up 4.7 percent, of which automotive (15.4 percent). Considering the January-October period, the country recorded a USD 25.18 billion surplus.
2020-11-27
Mexico Trade Balance Swings to Surplus in September
Mexico's trade balance shifted to a USD 4.38 billion surplus in September 2020 from a USD 0.15 billion deficit in the same month of the previous year and above market expectations of a USD 3.795 billion surplus. Exports rose 3.7 percent over a year earlier to USD 38.55 billion due to higher sales of non-oil products (5.1 percent), while those of oil dropped (-22.1 percent). The country exported 1.023 million barrels of crude oil per day, higher than 0.095 million barrels a year earlier, while the price was USD 38.06 per barrel, $17.04 below the price in September 2019. Non-oil exports to the US went up 5.8 percent, in particular other goods (9 percent) and automotive (0.2 percent). Imports dropped 8.5 percent to USD 34.16 billion, as purchases declined for intermediate goods (-5.9 percent); consumption (-23.8 percent); capital (-8.4 percent); and oil (-27.4 percent). Considering the first nine months of the year, the country recorded a USD 18.96 billion surplus.
2020-10-27
Mexico Posts Largest Trade Surplus on Record
Mexico's trade surplus widened sharply to USD 6.12 billion in August 2020 from USD 0.40 billion in the corresponding month of the previous year. It was the largest surplus on record, as imports slumped 22.2 percent over a year earlier to USD 30.86 billion due to lower purchases of intermediate goods (-20.4 percent); consumption (-34.5 percent); capital (-19.8 percent); and oil (-38 percent). Exports fell at a slower 7.7 percent to USD 36.98 billion, as sales dropped for both oil (-11.4 percent) and non-oil products (-7.5 percent). The country exported 1.190 million barrels of crude oil per day, higher than 1.081 million barrels a year earlier, while the price was USD 39.52 per barrel, $9.99 below the price in August 2019. Non-oil exports to the US went down 7.7 percent, namely automotive (-12.9 percent) and other goods (-4.7 percent). Considering the first eight months of the year, the country recorded a USD 14.57 billion surplus.
2020-09-28

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). .