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

Mexico recorded a trade surplus of USD 684 million in February of 2017, compared to a USD 782.7 million trade gap a year earlier and better than market expectations of a USD 800 million deficit. It is the biggest trade surplus since March 2014 as exports advanced 8 percent and imports grew 3.9 percent. 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)
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 $684M $-3294M $-800M $-2600M
2017-04-27 01:00 PM Mar $684M $950M $800M
2017-05-25 01:00 PM Apr
2017-06-27 01:00 PM May




Mexico Trade Balance Swings To Surplus In February


Mexico recorded a trade surplus of USD 684 million in February of 2017, compared to a USD 782.7 million trade gap a year earlier and better than market expectations of a USD 800 million deficit. It is the biggest trade surplus since March 2014 as exports advanced 8 percent and imports grew 3.9 percent.

Exports rose 8 percent year-on-year to USD 31.27 billion, following an 11.4 percent rise in January and marking the fourth straight annual gain. Non-oil sales which account for 93.9 percent of total exports increased 5.5 percent while non-oil sales jumped 69 percent.

Exports of manufactured products increased 5.5 percent, driven by higher sales of food, drinks and tobacco (14.1 percent); professional and scientific equipment (13.4 percent); electrical and electronic equipment (10.3 percent); special machinery and equipment for industries (9.4 percent) and automotive products (4.9 percent). In contrast, shipments of agricultural and fishery fell 9.5 percent, mainly those of tomatoes (-44.6 percent); melon, watermelon and papaya (-31.2 percent); cucumber (-28 percent); pepper (-26.4 percent) and fish, crustaceans and mollusks (-25.3 percent).

Exports to the United States grew 3.9 percent, accounting for more than 80 percent of total non-oil shipments. Auto sales were up 4.4 percent, accounting for more than 26 percent, while exports of other products increased 3.7 percent. Sales to the rest of the world rose 13.5 percent, with autos increasing by 8.3 percent and other products going up by 15.6 percent.

Imports rose 2.8 percent to USD 30.58 billion, following a 10 percent increase in the previous month and also making the fourth consecutive yearly rise. Purchases of consumption goods went up 6.1 percent and those of intermediate goods rose 3.2 percent. In contrast, capital goods imports declined 4.4 percent.

On a seasonally adjusted basis, exports advanced 3.06 percent to USD 33.6 billion, led by a 3.41 percent increase in non-oil sales while oil shipments fell 1.90 percent. Imports went up 1.98 percent to USD 34 billion, lowering the trade deficit to USD 0.398 billion.

INEGI | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/27/2017 3:58:53 PM



Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade 684.00 -3294.00 1710.25 -3294.00 USD Million [+]
Exports 31269.33 27492.33 36879.05 1225.59 USD Million [+]
Imports 30584.89 30786.63 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 412033.60 3509.44 412033.60 0.70 MXN Billion [+]
Terms of Trade 45.40 44.22 106.34 43.46 Index Points [+]
Foreign Direct Investment 5726189.20 4314297.70 20994535.70 -63900.00 USD Thousand [+]
Remittances 2051.87 2055.22 2637.71 248.06 USD Million [+]
Tourism Revenues 1792788.13 1920463.40 2124964.35 158919.00 USD Thousand [+]
Tourist Arrivals 1772.48 1831.51 2496.24 56.59 Thousand [+]
Gold Reserves 120.46 120.88 125.35 2.55 Tonnes [+]
Crude Oil Production 2067.00 2104.00 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
684.00 -3294.00 1710.25 -3294.00 1980 - 2017 USD Million Monthly



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Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
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Mexico 684.00 Feb/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
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Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
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