Mexico Balance of Trade

Mexico recorded a trade surplus of 131.81 USD Million in May of 2014. Balance of Trade in Mexico averaged -228.65 USD Million from 1980 until 2014, reaching an all time high of 1710.25 USD Million in March of 2013 and a record low of -3292.31 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
131.81 509.59 1710.25 -3292.31 1980 - 2014 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.


Mexico Trade Surplus Down to 4-Month Low


Mexican trade surplus narrowed for the second consecutive month to USD 132 million in May of 2014 from USD 510 million in the previous month. A year earlier, the country posted a USD 460 million deficit.

Although Mexico recorded its fourth consecutive trade surplus in May, the longest streak in almost two years, it was the lowest figure in the last four months. On a seasonally adjusted basis, both exports and imports increased 1.3 percent in May over the previous month.

Year-on-year, exports rose 4.7 percent to USD 34.383 million in May. Oil shipments increased 3.6 percent and non-oil exports grew 4.8 percent. Among non-oil sales, exports increased for manufactured products (4.7 percent), particularly machinery and equipment for industry (18.0 percent), professional and scientific equipment (9.6 percent) and automotive products (9.5 percent). Sales of agriculture and fish increased 2.3 year-on-year. Non-oil sales to the United States rose 5 percent while those to the rest of the world increased 4 percent.

Imports increased 2.8 percent yoy to USD 34.251 million in May. Oil imports declined 4.6 percent and non-oil purchases increased 3.7 percent. Imports increased for intermediate goods (+4.2 percent), and capital goods (+0.2 percent), while declined for consumption goods (-2.7 percent).

INEGI | Isabel Felino | isabel.felino@tradingeconomics.com
6/27/2014 4:15:48 PM


Recent Releases

Mexico Reports Trade Surplus in April
Mexico reported its third trade surplus in a row in April, the longest streak in almost two years, as manufacturing exports surged and imports fell. Published on 2014-05-26

Mexico Posts Trade Surplus in March
Mexico registered a USD 1.03 billion trade surplus in March as higher shipments of manufactured and agricultural goods offset a decline in petroleum exports and increased imports. Published on 2014-04-28


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 $ 1.027B $ 0.976B $ 1.6B $ 0B
2014-05-26 02:00 PM Mexico
Balance of Trade
Apr 2014 $ 0.510B $ 1.027B $ -0.758B $ -2.1B
2014-06-27 02:00 PM Mexico
Balance of Trade
May 2014 $ 0.132B $ 0.510B $ 0.700B $ -0.1B
2014-07-25 02:00 PM Mexico
Balance of Trade
Jun 2014 $ 0.132B $ 0.6B $ -0.2B


Trade Last Previous Highest Lowest Unit
Balance of Trade 131.81 509.59 1710.25 -3292.31 USD Million [+]
Exports 34382.94 34071.46 35082.30 1225.59 USD Million [+]
Imports 34251.12 33561.87 35564.84 647.02 USD Million [+]
Current Account -4533.42 -7544.76 2173.78 -7908.41 USD Million [+]
Current Account to GDP -1.80 -1.20 3.40 -6.10 Percent [+]
External Debt 1893.53 1826.88 1893.53 0.70 MXN Billion [+]
Terms of Trade 57.20 56.71 106.34 44.60 Index Points [+]
Foreign Direct Investment 5820800.30 6508447.50 18907245.60 -127118.20 USD Thousand [+]
Remittances 2144.50 1976.29 2637.71 248.06 USD Million [+]
Tourist Arrivals 1201.06 1276.51 1704.46 0.00 Thousand [+]
Gold Reserves 122.75 123.11 125.34 2.54 Tonnes [+]
Crude Oil Production 2511.00 2541.00 3547.00 1977.00 BBL/D/1K [+]





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