Mexico’s trade deficit narrowed to USD 1.509 billion in April 2023 from USD 1.884 billion in the same month of the previous year, coming in worse than analysts’ expectations of a USD 1.200 billion shortfall. Exports shed 2.9% from a year earlier to USD 46.224 billion, dragged by shipments of oil products (-32.8%). Non-oil dispatches also edged down 0.2%, due mainly to manufactured (5.3%) and mining (15.3%) products. Within non-oil exports, those directed to the United States grew 0.3% and those channeled to the rest of the world contracted 2.7%. Meanwhile, imports dropped by 3.3% to USD 47,733 billion, pressured by decreased oil purchases (-27.5%) and smaller non-oil purchases (0.1%), of which intermediate goods (-6.3%). source: Instituto Nacional de Estadística y Geografía (INEGI)

Balance of Trade in Mexico averaged -295.59 USD Million from 1980 until 2023, reaching an all time high of 6274.69 USD Million in December of 2020 and a record low of -6278.12 USD Million in January of 2022. 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 June of 2023.

Balance of Trade in Mexico is expected to be -1031.00 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 1691.00 USD Million in 2024 and 407.00 USD Million in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Mexico Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 12:00 PM Mar $1.169B $-1.844B $-1.189B $ 0.55B
2023-05-25 12:00 PM Apr $-1.509B $1.169B $-1.2B $0.2B
2023-06-27 12:00 PM May $-1.509B


Related Last Previous Unit Reference
Balance of Trade -1509.00 1169.00 USD Million Apr 2023
Exports 46224.20 53557.59 USD Million Apr 2023
Imports 47732.70 52388.86 USD Million Apr 2023
Auto Exports 279.27 253.34 Thousand Units May 2023
Oil Exports 2617.42 2581.44 USD Million Apr 2023
Non Oil Exports 43606.81 51002.65 USD Million Apr 2023

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). .
Actual Previous Highest Lowest Dates Unit Frequency
-1509.00 1169.00 6274.69 -6278.12 1980 - 2023 USD Million Monthly
NSA

News Stream
Mexico Trade Deficit Larger than Expected
Mexico’s trade deficit narrowed to USD 1.509 billion in April 2023 from USD 1.884 billion in the same month of the previous year, coming in worse than analysts’ expectations of a USD 1.200 billion shortfall. Exports shed 2.9% from a year earlier to USD 46.224 billion, dragged by shipments of oil products (-32.8%). Non-oil dispatches also edged down 0.2%, due mainly to manufactured (5.3%) and mining (15.3%) products. Within non-oil exports, those directed to the United States grew 0.3% and those channeled to the rest of the world contracted 2.7%. Meanwhile, imports dropped by 3.3% to USD 47,733 billion, pressured by decreased oil purchases (-27.5%) and smaller non-oil purchases (0.1%), of which intermediate goods (-6.3%).
2023-05-25
Mexico Posts Surprise Large Trade Surplus
Mexico’s trade surplus ballooned to USD 1.169 billion in March 2023 from USD 0.105 in the same month of the previous year, against analysts’ expectations of a USD 1.189 billion shortfall. This was the widest trade surplus since February 2022. Exports rose by 3.2% from a year earlier to an all-time high of USD 53.558 billion in March, driven by higher shipments of non-oil products (5.5%), notably manufactured (5.3%) and mining (15.3%) products, while dispatches of oil products plunged (-27.6%). Non-oil exports to the US advanced by 6.2%, while those to the rest of the world rose by only 2%. Meanwhile, imports increased at a slower 1.1% to USD 52.389 billion, boosted by non-oil purchases (2.3%), of which capital goods (21.9%) and consumer goods (9.7%). Conversely, imports of oil products declined (-8.2%).
2023-04-27
Mexico Trade Balance Switches to Deficit
Mexico recorded a trade deficit of USD 1.844 billion in February 2023, switching from a USD 1.286 billion surplus in the corresponding month of 2022 and compared with market expectations of a USD 0.9 billion surplus. Exports went down by 2.8 percent from a year earlier to USD 44.993 billion, of which non-oil sales fell by 1.8 percent to USD 42.662 billion and oil sales slumped by 19.2 percent to USD 2.272 billion. Non-oil exports to the US increased by 2.2 percent, while those to the rest of the world dropped by 17.8 percent. Meanwhile, imports rose by 4.1 percent to USD 46.778 billion due to higher non-oil purchases (3.1 percent to USD 41.897 billion) and oil imports (12.9 percent to USD 4.881 billion). Imports rose for consumer goods (15.8 percent), intermediate goods (0.1 percent) and capital goods (28.4 percent).
2023-03-27