Mexico’s trade surplus narrowed drastically to USD 0.762 billion in June of 2021 from USD 5.536 billion in the same month of the previous year and largely missed market expectations of a USD 1.700 billion surplus. Exports were 29.1 percent higher from a year earlier at USD 42.671 billion, of which non-oil sales rose 26.1 percent to USD 40.046 billion and oil exports soared 103.8 percent to USD 2.625 billion. Non-oil exports to the US increased 20.0 percent and those to the rest of the world expanded 61.8 percent. Meanwhile, imports advanced a faster 52.3 percent to USD 41.909 billion on the back of non-oil purchases (45.1 percent to USD 37.443 billion), namely intermediate goods (49.8 percent to USD 33.313 billion), consumer goods (101.1 percent to USD 5.354 billion), and capital goods (24.3 percent to USD 3.242 billion); and a surge in oil imports (161.7 percent to USD 4.467 billion). source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -218.48 USD Million from 1980 until 2021, 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 August of 2021.
Balance of Trade in Mexico is expected to be 1300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Balance of Trade is projected to trend around 2500.00 USD Million in 2022 and 1500.00 USD Million in 2023, according to our econometric models.