Mexico reported a USD 3.004 billion trade deficit in March of 2021 from a USD 3.336 billion surplus in the corresponding month of the previous year and missed market expectations of a USD 3.2 billion surplus. Exports jumped 12.2 percent from a year earlier to USD 43.003 billion, due to a 10.2 percent rise in shipments of the non-oil sector, mainly manufacturing industries (9.9 percent), agriculture (5.0 percent), and mining (38.0 percent); and a 70.8 percent surge in oil sales. Meantime, imports surged 31.4 percent to USD 46.007 billion, on a 24.0 percent rise in non-oil purchases, namely intermediate goods (33.8 percent), consumer goods (16.2 percent), and capital goods (31.1 percent); and a 104.7 percent surge in oil imports. source: Instituto Nacional de Estadística y Geografía (INEGI)
Balance of Trade in Mexico averaged -224.72 USD Million from 1980 until 2021, reaching an all time high of 6262 USD Million in December 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 May of 2021.
Balance of Trade in Mexico is expected to be -2500.00 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 1000.00 in 12 months time. 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.