Mexico Balance of Trade

Mexico recorded a trade surplus of 976.34 USD Million in February of 2014. Balance of Trade in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI). Balance of Trade in Mexico averaged -231.93 USD Million from 1980 until 2014, reaching an all time high of 1752.97 USD Million in March of 2013 and a record low of -3292.31 USD Million in October of 2008. Mexico’s main exports are automobiles and related products (24 percent of total exports), oil and oil products (14 percent) and agricultural products (3 percent). Main imports are: metallic products, machinery and equipment (50 percent of total imports), mining products (13 percent), chemical products (6.3 percent). Mexico´s main trading partner is the United States (78 percent of total exports and 51 percent of imports). Others include: Canada, China and Japan. This page provides - Mexico Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
976.34 -3195.07 1752.97 -3292.31 -39.38 | 2014/06 1980 - 2014 USD Million Monthly

TO

Mexico Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-26 02:00 PM Mexico
Balance of Trade
Nov 2013 USD 0.339B USD -129M USD -611M USD -95.6M
2014-01-27 02:00 PM Mexico
Balance of Trade
Dec 2013 USD 1.658B USD 0.339B USD 0.1B
2014-02-26 02:00 PM Mexico
Balance of Trade
Jan 2014 USD -3.195B USD 1.658B USD 0.65B USD -0.7B
2014-03-27 02:00 PM Mexico
Balance of Trade
Feb 2014 USD 0.976B USD -3.195B USD 0.500B USD -0.9B
2014-04-28 02:00 PM Mexico
Balance of Trade
Mar 2014 USD 0.976B USD 0B
2014-05-26 02:00 PM Mexico
Balance of Trade
Apr 2014 USD -2.1B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -0.82 2012-12-31 -0.80 3.40 -6.10 -1.18 2014-06-30 Percent [+]
Crude Oil Production 2580.00 2013-10-15 2563.00 3547.00 1977.00 2529.44 2013-11-30 Thousands Barrels per Day [+]
External Debt 1850.89 2014-01-31 1731.87 1850.89 0.70 1855.42 2014-06-30 MXN Billion [+]
Foreign Direct Investment 5419364.90 2013-11-15 3181120.40 18907245.60 -127118.20 7685311.75 2014-06-30 USD Thousand [+]
Remittances 1677.26 2014-02-15 1590.23 2637.71 248.06 1944.44 2014-06-30 USD Million [+]
Terms of Trade 56.24 2014-02-15 56.20 106.34 44.60 57.38 2014-06-30 Index Points [+]
Tourist Arrivals 1304.28 2014-02-15 1429.31 1704.46 0.00 1341.09 2014-06-30 Thousand [+]
Balance of Trade 976.34 2014-02-15 -3195.07 1752.97 -3292.31 -39.38 2014-06-30 USD Million [+]
Exports 30519.81 2014-02-15 27038.46 35088.19 1225.59 30291.85 2014-06-30 USD Million [+]
Imports 29543.47 2014-02-15 30233.53 35564.84 647.02 31154.98 2014-06-30 USD Million [+]
Current Account -4660.33 2013-11-15 -5457.09 2173.78 -7908.41 -4007.96 2014-06-30 USD Million [+]
[+]


Mexico Trade Balance Returns to Surplus

In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.

Exports rose 4.8 percent on the year to USD 30.52 billion, boosted by a 6.3 percent increase in non-oil exports. Sales of mining products surged 33.4 percent; auto manufactured products 13.4 percent and agricultural products rose 11.5 percent year-on-year. 

In contrast, oil shipments fell 5.1 percent on the year. In February, Mexico sold 1.276 million oil barrels per day, up from 1.17 million bbl per day in the previous month and 1.220 million bbl per day a year earlier. The average price stood at USD 93.13 per barrel, USD 2.41 more than in the previous month but USD 13.87 less than in the same month last year.

Non-oil shipments to the US increased 9.6 percent, which was enough to offset a 5.9 percent fall in sales to the rest of the world. 

Imports advanced 1.6 percent year-on-year to USD 29.544 billion, boosted by purchases of intermediate and consumption goods, while imports of capital goods fell 1.1 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
3/27/2014 2:25:54 PM

RECENT RELEASES

Mexico Posts Record Trade Deficit in January
In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports. Published on 2014-02-26

Mexico Posts Trade Surplus for the Second Straight Month
In December of 2013, Mexican trade balance turned into a surplus of USD 1.66 billion for the second month in a row. However, considering the whole 2013, the trade deficit widened to USD 1 billion, from USD 0.46 billion recorded in 2012. Published on 2014-01-27


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


RELATED NEWS

Mexico Inflation Rate Decelerates in March  
Mexican annual consumer prices slowed for the second straight month to 3.76 percent in March of 2014, down from 4.23 percent in February. The inflation is now below the central bank’s 4 percent limit.
Mexico Trade Balance Returns to Surplus  
In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
Mexico Unemployment Rate Falls in February  
Mexican jobless rate decreased to 4.65 percent in February of 2014 from 5.05 percent in January. A year ago, the unemployment rate was recorded at 4.85 percent.
Mexico Leaves Monetary Policy on Hold  
At its March 21st, 2014 meeting, Bank of Mexico left the overnight interbank rate steady at 3.5 percent for the third straight meeting, as it considers that the current policy stance remains appropriate to reach the 3 percent inflation target.
Mexico Inflation Rate Slows in February  
Mexican consumer prices rose by an annual 4.23 percent in February, down from 4.48 percent in January, as the effects of new taxes eased. A year earlier, the inflation was recorded at 3.55 percent.
Mexico Posts Record Trade Deficit in January  
In January of 2014, Mexican trade balance posted a USD 3.195 billion deficit, the highest trade deficit on record and mainly due to a fall in oil exports.
Mexico Unemployment Rate Rises in January  
In January of 2014, Mexican jobless rate edged up to 5.05 percent, after falling in December last year to a 5-year low at 4.25 percent.
Mexican Economy Slows in Q4  
Mexico’s GDP growth slowed in the last quarter of 2013 hurt by a drop in industrial production. The economy advanced a meager 0.2 percent on a quarter-on-quarter seasonally adjusted basis, down from a revised 0.95 percent growth rate in the previous three-month period.
Mexico GDP Growth Disappoints in Q4  
In the last three months of 2013, Mexican economy slowed for the second straight quarter expanding only 0.7 percent over a year earlier, hurt by lower production in agriculture and mining.
Mexico Annual Inflation Rate Hits 7-month High in January  
Mexican consumer prices rose 4.48 percent in the year through January up from 4 percent reported in December. During the month prices increased 0.89 percent.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News