Mexico Balance of Trade  1980-2016 | Data | Chart | Calendar | Forecast

Mexico's trade deficit decreased to $1827 million in July of 2016 from $2376.2 million a year earlier, well above market expectations of $950 million gap. Exports fell 9.0 percent, mainly due to lower sales of oil, while imports declined at a faster 9.9 percent as purchases of intermediate goods fell the most. Balance of Trade in Mexico averaged -275.06 USD Million from 1980 until 2016, 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).

Mexico Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-1827.09 -523.64 1710.25 -3292.30 1980 - 2016 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 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-27 01:00 PM May $-527M $-2079M $-1000M
2016-07-26 01:00 PM Jun $-524M $-527M $-250M $ -1100M
2016-08-26 01:00 PM Jul $-1827M $-524M $-950M $ -1435.1M
2016-09-27 01:00 PM Aug $-1827M -918.7M
2016-10-26 01:00 PM Sep $ -1870M
2016-11-25 02:00 PM Oct -1481.4M

Mexico Trade Gap Narrows 23% YoY in July


Mexico's trade deficit decreased to $1827 million in July of 2016 from $2376.2 million a year earlier, well above market expectations of $950 million gap. Exports fell 9.0 percent, mainly due to lower sales of oil, while imports declined at a faster 9.9 percent as purchases of intermediate goods fell the most.

Exports shrank 9.0 percent year-on-year to $29,770 million, as oil sales dropped 22.3 percent while non-oil decreased at a slower 8.1 percent. Within non-oil exports, those to the US decreased 8.9 percent while those to the rest of the world went down 4.1 percent. Exports of manufacturing products declined by 9.0 percent, as automotive sales decreased 10.5 percent and non-automotive by 8.3 percent. By contrast, exports of agricultural goods and mining rose 6.6 percent and 60.1 percent, respectively.

Imports contracted 9.9 percent to $31597.4 million, as purchases of oil products declined 6.4 percent and non-oil imports fell 10.3 percent. When considering imports by type of goods, imports of intermediate goods dropped 10.1 percent and purchases of consumer and capital goods decreased 9.2 percent and 9.5 percent, respectively. 

On a seasonally adjusted monthly basis, exports grew 0.47 percent and imports increased 0.81 percent.

INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/26/2016 2:21:48 PM

Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -1827.09 -523.64 1710.25 -3292.30 USD Million [+]
Exports 29770.30 31942.34 36879.05 1225.59 USD Million [+]
Imports 31597.38 32465.97 36943.16 647.02 USD Million [+]
Current Account -7852.17 -7597.32 2173.77 -9624.53 USD Million [+]
Current Account to GDP -2.80 -1.90 3.40 -6.10 percent [+]
External Debt 3287.22 3180.35 3287.22 0.70 MXN Billion [+]
Terms of Trade 45.61 46.00 106.34 43.46 Index Points [+]
Foreign Direct Investment 5393807.40 7896000.00 20994535.70 -63900.00 USD Thousand [+]
Remittances 2305.51 2477.83 2637.71 248.06 USD Million [+]
Tourism Revenues 1683994.58 1503901.39 1919962.50 158919.00 USD Thousand [+]
Tourist Arrivals 1760.50 1522.64 2318.95 56.59 Thousand [+]
Gold Reserves 121.11 121.45 125.35 2.55 Tonnes [+]
Crude Oil Production 2180.00 2208.00 3547.00 1977.00 BBL/D/1K [+]
Terrorism Index 3.99 3.99 4.51 1.35 [+]
Capital Flows 6846.13 8413.25 27723.31 -9888.05 USD Million [+]




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