Mexico Balance of Trade 1980-2015 | Data | Chart | Calendar | Forecast

Mexico recorded a trade deficit of 3248 USD Million in January of 2015. Balance of Trade in Mexico averaged -237.08 USD Million from 1980 until 2015, reaching an all time high of 1710.25 USD Million in March of 2013 and a record low of -3292.30 USD Million in October of 2008. Balance of Trade in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI).

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Mexico Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-3248.00 254.00 1710.25 -3292.30 1980 - 2015 USD Million Monthly
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. This page provides - Mexico Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Mexico Balance of Trade - was last refreshed on Sunday, March 1, 2015.


Mexico Posts Highest Trade Deficit in 6 Years


Mexican trade gap widened to USD 3248 million in January of 2015 from a USD 3182 million shortfall a year earlier. It is the highest deficit since late 2008 as plunging oil prices are bringing exports down.

Exports decreased 1.8 percent year-on-year to USD 26.57 billion. Oil sales shrank 47.3 percent, offsetting a 5.7 percent increase in non-oil exports.

In January, Mexico sold 1.261 million oil barrels per day, up from 1.237 million bbl/d in the previous month and 1.171 million bbl/d a year earlier. The average price stood at USD 40.15 per barrel, down by USD 12.21 over the previous month and USD 50.50 less than in the same month last year.

Imports fell 1.4 percent to USD 29.82 billion, hurt by a 19.2 percent drop in oil purchases. 

Joana Taborda | joana.taborda@tradingeconomics.com
2/26/2015 2:28:59 PM


Recent Releases

Mexico Trade Surplus Narrows in December
Mexican trade surplus decreased to USD 254 million in December of 2014 from a USD 1626 million surplus a year earlier, hurt by a drop in oil sales. Published on 2015-01-27

Mexico Trade Balance Swings to Deficit
Mexico posted a USD 1076 million gap in November of 2014 compared with a USD 316 million surplus a year earlier as imports rose at a faster pace than exports. Published on 2014-12-26


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-26 02:00 PM
Balance of Trade  Nov
$ -1076M $143M $ -264M $ -151M
2015-01-27 02:00 PM
Balance of Trade  Dec
$ 254M $ -1076M $ -308.1M
2015-02-26 02:00 PM
Balance of Trade  Jan
$-3.248B $ 254M $ -3151M $ -527.7M
2015-03-27 02:00 PM
Balance of Trade  Feb
$-3.248B $ -845.9M
2015-04-27 02:00 PM
Balance of Trade  Mar
$ -178.8M
2015-05-25 02:00 PM
Balance of Trade  Apr
$ -508.5M


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -3248.00 254.00 1710.25 -3292.30 USD Million [+]
Exports 26568.00 34114.41 37086.12 1225.59 USD Million [+]
Imports 29816.00 33860.68 36943.16 647.01 USD Million [+]
Current Account -5310.13 -2702.33 2173.77 -8988.85 USD Million [+]
Current Account to GDP -2.10 -1.80 3.40 -6.10 percent [+]
External Debt 2159.69 2046.80 2159.69 0.70 MXN Billion [+]
Terms of Trade 50.41 53.60 106.34 44.59 Index Points [+]
Foreign Direct Investment 5644811.30 2775947.30 20994535.70 -63900.00 USD Thousand [+]
Remittances 2196.41 1775.39 2637.71 248.06 USD Million [+]
Tourist Arrivals 1952.56 1309.34 1952.56 0.00 Thousand [+]
Gold Reserves 123.04 123.34 125.34 2.54 Tonnes [+]
Crude Oil Production 2402.00 2430.00 3547.00 1977.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]