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

Mexico recorded a USD 3.294 billion trade deficit in January of 2017, barely unchanged from a USD 3.299 billion shortfall a year earlier but well above market expectations of a USD 0.263 billion gap. Exports increased the most since October of 2012 and imports recorded the biggest rise since December of 2014. Balance of Trade in Mexico averaged -288.18 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 -3294 USD Million in January of 2017.

Mexico Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-23 02:00 PM Nov $200M $-900M $-1850M
2017-01-26 02:00 PM Dec $28M $200M $-500M $500M
2017-02-27 02:00 PM Jan $-3294M $28M $-263M $-150M
2017-03-27 02:00 PM Feb $-3294M
2017-04-27 01:00 PM Mar
2017-05-25 01:00 PM Apr




Mexico Trade Gap Flat At $3.2B In January


Mexico recorded a USD 3.294 billion trade deficit in January of 2017, barely unchanged from a USD 3.299 billion shortfall a year earlier but well above market expectations of a USD 0.263 billion gap. Exports increased the most since October of 2012 and imports recorded the biggest rise since December of 2014.

Year-on-year, exports increased 11.4 percent to USD 27.49 billion, following a 6.6 percent rise in December and marking the third straight annual gain. Oil sales (6.8 percent of total sales) jumped 74.4 percent and non-oil ones went up 8.5 percent. 

Among non-oil sales, manufacturing ones increased 7.7 percent, mainly due to food, drinks and tobacco (21.2 percent); professional and scientific equipment (13.4 percent); electrical and electronic equipment (13.3 percent); special machinery and equipment for industries (10.6 percent) and automotive products (4 percent). In addition, shipments of agricultural and fishery rose 20.6 percent, mainly fresh strawberries (63.1 percent); pepper (48.8 percent); avocados (40.4 percent); pulses and vegetables (16.8 percent) and fruits and edible fruits (15.8 percent). 

Exports to the United States accounted for 81.7 percent of total non-oil shipments and rose 7.6 percent. Auto sales, accounting for 26.5 percent were up 1.5 percent and exports of other products increased 10.8 percent. Sales to the rest of the world increased 12.8 percent, with autos rising 21.1 percent and those of other products up 10.3 percent. 

Imports increased 10 percent to USD 30.78 billion, following a 4.2 percent gain in the previous month and also the third consecutive yearly rise. Consumption goods went up 8.6 percent: gasoline and butane and propane gas jumped 58.9 percent while non-oil ones fell 5.2 percent. In addition, imports of intermediate goods rose 11.1 percent and capital goods increased 4.4 percent. 

On a seasonally adjusted basis, exports shrank 4.86 percent from December, mainly due to a 5.48 percent fall in non-oil sales while oil shipments increased 4.86 percent. Imports declined 4.49 percent, bringing the trade deficit to a lower USD 0.783 billion. 

INEGI | Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2017 2:44:54 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -3294.00 28.00 1710.25 -3294.00 USD Million [+]
Exports 27492.33 33232.30 36879.05 1225.59 USD Million [+]
Imports 30786.63 33204.10 36943.16 647.02 USD Million [+]
Current Account -3362.67 -7642.86 2173.78 -9078.02 USD Million [+]
Current Account to GDP -2.70 -2.80 3.40 -6.10 percent [+]
External Debt 3509.44 3405.12 3509.44 0.70 MXN Billion [+]
Terms of Trade 44.76 44.65 106.34 43.46 Index Points [+]
Foreign Direct Investment 5726189.20 4314297.70 20994535.70 -63900.00 USD Thousand [+]
Remittances 2336.43 2362.91 2637.71 248.06 USD Million [+]
Tourism Revenues 2124964.35 1585816.75 2124964.35 158919.00 USD Thousand [+]
Tourist Arrivals 2496.24 1713.58 2496.24 56.59 Thousand [+]
Gold Reserves 120.88 121.13 125.35 2.55 Tonnes [+]
Crude Oil Production 2104.00 2138.00 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 [+]



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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3294.00 28.00 1710.25 -3294.00 1980 - 2017 USD Million Monthly



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Malaysia 8720.00 Dec/16
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Mali -226.10 Sep/15
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Mongolia 151.40 Jan/17
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