Mexico Balance of Trade  1980-2017 | Data | Chart | Calendar | Forecast

Mexico posted a trade surplus of USD 617 million in April of 2017 compared to a USD 2109 million trade deficit a year earlier and better than market expectations of a USD 1804 million shortfall. It is the highest trade surplus for a April month since 1996, as exports advanced 3.6 percent and imports declined 5 percent. Balance of Trade in Mexico averaged -283.85 USD Million from 1980 until 2017, reaching an all time high of 1710.25 USD Million in March of 2013 and a record low of -3470.98 USD Million in January of 2017.

Mexico Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-27 02:00 PM Feb $684M $-3294M $-800M $-2600M
2017-04-27 01:00 PM Mar $-183M $684M $950M $800M
2017-05-25 01:00 PM Apr $617M $-63.2M $-1804M $250M
2017-06-27 01:00 PM May $617M
2017-07-26 01:00 PM Jun
2017-08-28 01:00 PM Jul




Mexico Trade Balance Swings To Surplus In April


Mexico posted a trade surplus of USD 617 million in April of 2017 compared to a USD 2109 million trade deficit a year earlier and better than market expectations of a USD 1804 million shortfall. It is the highest trade surplus for an April month since 1996, as exports advanced 3.6 percent and imports declined 5 percent.

Exports rose 3.6 percent year-on-year to USD 31.49 billion, following an upwardly revised 14.1 percent in March and marking the sixth straight annual gain. Non-oil sales, which account for 95 percent of total exports increased 2.6 percent while oil sales jumped 26.9 percent.

Exports of manufactured products advanced 1.9 percent, boosted by sales of food, beverages and tobacco (8.4 percent); equipment and electric and electronic apparatus (7.6 percent); special machinery and equipment for industries (5.2 percent) and automotive products (1.5 percent). Also, sales of agricultural and fisheries rose 5 percent, mainly those of fresh strawberries (78.9 percent), citrus (58.8 percent), avocados (52.2 percent) and fresh vegetables (34.4 percent). Meantime, shipments of mining products jumped 49.9 percent, compared to a 3.9 percent drop in March.

Exports to the United States grew 2.4 percent, accounting for more than 80 percent of total non-oil shipments. Auto sales rose 4.2 percent, accounting for more than 27 percent, while exports of other products went up 1.5 percent. Sales to the rest of the world rose 3.5 percent, with other products increasing by 10.1 percent while autos declined 15.9 percent.

Imports shrank 5 percent to 30.87 billion, following a 15 percent rise in the previous month and marking the first decline after five straight months of increases. Purchases of consumption goods went down 3.7 percent and those of intermediate goods and capital goods also decreased 5.3 percent and 4.9 percent, respectively.

On a seasonally adjusted basis, exports dropped 2.55 percent to USD 32.78 billion, led by a 2.72 percent fall in non-oil sales while oil shipments went up 0.51 percent. Imports also decreased 5.71 percent to USD 33.06 billion, narrowing the trade deficit to USD 297 million.

INEGI |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/25/2017 3:05:24 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 616.79 -63.22 1710.25 -3470.98 USD Million [+]
Exports 31484.54 36044.90 36879.05 1225.59 USD Million [+]
Imports 30867.76 36108.00 36943.16 647.02 USD Million [+]
Current Account -6859.20 -2418.10 2173.78 -8821.50 USD Million [+]
Current Account to GDP -2.70 -2.80 3.40 -6.10 percent [+]
External Debt 412033.60 3509.44 412033.60 0.70 MXN Billion [+]
Terms of Trade 45.93 45.40 106.34 43.46 Index Points [+]
Foreign Direct Investment 7945.60 6045.30 20839.60 -63.90 USD Million [+]
Remittances 6639.60 6930.10 6967.70 158.70 USD Million [+]
Tourism Revenues 2068125.71 1792788.13 2124964.35 158919.00 USD Thousand [+]
Tourist Arrivals 2110.92 1772.48 2496.24 56.59 Thousand [+]
Gold Reserves 120.46 120.88 125.35 2.55 Tonnes [+]
Crude Oil Production 2208.00 2067.00 3547.00 1977.00 BBL/D/1K [+]
Terrorism Index 3.72 3.99 4.51 1.35 [+]
Capital Flows 15409.60 1147.94 27487.75 -9887.46 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Mexico Balance of Trade Notes

Mexico’s main exports are manufactured products (83 percent of total shipments) and oil and oil products (13 percent). Main imports are: metallic products, machinery and equipment (50 percent of total imports), mining products (13 percent) and chemical products (6.3 percent). Mexico´s main trading partner is the United States (80 percent of total exports and 51 percent of imports). Others include: Canada, China and Japan. In 2015, trade between Mexico and the United States reached USD 496 billion, with Mexico posting a surplus of around USD 122 billion. Main exports include vehicles other than railway, tramway (25% of total sales); electrical, electronic equipment (23%); nuclear reactors, boilers, machinery (15%). Main imports from the United States include nuclear reactors, boilers, machinery (15% of total imports); electrical, electronic equipment (13%); mineral fuels, oil (12%); vehicles other than railway, tramway (11%) and plastics (8%). . 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 - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
616.79 -63.22 1710.25 -3470.98 1980 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17