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. 2014-04-24

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 2557.00 2013-12-15 2553.00 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.


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