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

Mexico recorded a trade deficit of 1017 USD Million in May of 2015. Balance of Trade in Mexico averaged -235 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
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Actual Previous Highest Lowest Dates Unit Frequency
-1017.00 -85.30 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. Content for - Mexico Balance of Trade - was last refreshed on Thursday, July 2, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-27 02:00 PM Mar $480M $558M $650M $ -178.8M
2015-05-25 02:00 PM Apr $ -85M $480M $ -508.5M
2015-06-26 02:00 PM May $ -1017M $ -85M $ -125M $ -99M
2015-07-27 02:00 PM Jun $ -1017M $ -3.6M
2015-08-27 02:00 PM Jul $ -528.3M
2015-09-25 02:00 PM Aug $ -749.6M


Mexico Posts Trade Deficit in May


Mexico recorded a USD 1017 million trade gap in May of 2015 from a USD 131 million surplus a year earlier as exports fell 8.8 percent while imports declined at a slower 5.5 percent.

Year-on-year, sales shrank to USD 31.34 billion, driven by a 37.2 percent drop in oil sales and a 5.3 percent decrease in non-oil exports. Within non-oil sales, mining shipments fell 38.1 percent while manufactured goods declined 5.2 percent, as auto sales (+1.8 percent) were not enough to offset the fall in non-auto exports (-8.6 percent). In contrast, shipments of agricultural goods went up 4.9 percent. Exports to the United States fell 2.9 percent, while those channeled to the rest of the world declined 15.2 percent.

Imports contracted to USD 32.36 billion, as oil purchases fell 25.2 percent and non-oil imports also decreased by 3.5 percent. Oil consumption goods fell 13 percent and oil intermediate goods dropped 31.1 percent. While, capital goods imports grew 1.4 percent.

On a monthly basis, exports contracted 4.8 percent and imports fell at a slower 3 percent.

During the first five months of the year, the Mexican trade balance showed a deficit of 3.303 million dollars, compared to a 684 million gap registered in the same period of 2014.

INEGI | joana.ferreira@tradingeconomics.com
6/26/2015 2:35:01 PM


Recent Releases

Mexico Posts Trade Deficit in April
The Mexican trade balance swung into a USD 85 million gap in April of 2015 from a USD 499 million surplus a year earlier as exports fell more than imports.
Published on 2015-05-25

Mexico Trade Surplus Narrows in March
Mexican trade surplus shrank to USD 479.8 million in March of 2015 from a USD 948.9 million surplus a year earlier, as imports grew at a faster pace than exports.
Published on 2015-04-27

Mexico Trade Surplus Narrows in February
Mexican trade surplus decreased to USD 558 million in February of 2015 from a USD 918.21 million surplus a year earlier, driven by a 46.5 drop in oil sales.
Published on 2015-03-27

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.
Published on 2015-02-26


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -1017.00 -85.30 1710.25 -3292.30 USD Million [+]
Exports 31340.00 32954.00 37086.12 1225.59 USD Million [+]
Imports 32357.00 33040.00 36943.16 647.01 USD Million [+]
Current Account -9446.00 -5310.13 2173.77 -9446.00 USD Million [+]
Current Account to GDP -2.10 -1.80 3.40 -6.10 percent [+]
External Debt 2486.71 2418.38 2486.71 0.70 MXN Billion [+]
Terms of Trade 49.57 48.77 106.34 44.59 Index Points [+]
Foreign Direct Investment 7573194.30 5855733.40 20994535.70 -63900.00 USD Thousand [+]
Remittances 2012.15 2254.25 2637.71 248.06 USD Million [+]
Tourist Arrivals 1424.09 1710.19 1952.56 56.59 Thousand [+]
Gold Reserves 122.42 122.73 125.35 2.55 Tonnes [+]
Crude Oil Production 2356.00 2370.00 3547.00 1977.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]