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

Mexico recorded a trade deficit of USD 927 million in December of 2015, compared to a USD 283 million surplus a year earlier and above market expectations of USD 644 million gap. Exports dropped by 9.3 percent mainly due to lower oil sales, while imports fell at a slower 5.8 percent. For the whole year of 2015, trade gap widened to USD 14460.4 million, from a USD 2849 million a year earlier, as exports fell 4.1 percent while import 1.2 percent. Balance of Trade in Mexico averaged -256.43 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).

Mexico Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-927.00 -1443.87 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 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-27 02:00 PM Oct $-1444M $-1420M $-1785M $ -1745.3M
2015-12-24 02:00 PM Nov $-1569M $-1444M $-2126M $ -1393.3M
2016-01-27 02:00 PM Dec $-927M $-1569M $-644M $ -977.6M
2016-02-26 02:00 PM Jan $-927M $ -1097.5M
2016-03-28 02:00 PM Feb $ -1130.4M
2016-04-26 01:00 PM Mar $ -955M

Mexico Trade Balance Swings to Deficit in December


Mexico recorded a trade deficit of USD 927 million in December of 2015, compared to a USD 283 million surplus a year earlier and above market expectations of USD 644 million gap. Exports dropped by 9.3 percent mainly due to lower oil sales, while imports fell at a slower 5.8 percent. For the whole year of 2015, trade gap widened to USD 14460.4 million, from a USD 2849 million a year earlier, as exports fell 4.1 percent while import 1.2 percent.

Exports shrank by 9.3 percent to USD 30,961 million compared to USD 34143 million in December of 2014, as oil sales dropped by 50.8 percent while non-oil rose 6.1 percent. Within non-oil exports, those to the US decreased by 4.5 percent, while those to the rest of the world by 13.3 percent. Exports of agricultural goods fell by 6.9 percent and mining by 0.3 percent. Also, shipments of manufactured products went down by 6.1 percent, as non-automotive sales fell 9.9 percent.

Imports contracted by 5.8 percent to USD 31,887 million from USD 33861 million a year earlier, as purchases of oil products declined by 22.2 percent and non-oil by 4.0 percent. When considering imports by type of goods, imports of intermediate and consumer goods showed an annual reduction of 7.0 percent and 1.9 percent, each. Meantime, imports of capital goods declined by 3.0 percent.

On a seasonally adjusted monthly basis, exports fell 0.87 percent and imports 1.23 percent.

INEGI | Yekaterina Guchshina | yekaterina@tradingeconomics.com
1/27/2016 2:48:54 PM

Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -927.00 -1443.87 1710.25 -3292.30 USD Million [+]
Exports 30960.80 34155.06 36879.40 1225.59 USD Million [+]
Imports 31887.00 32593.48 36943.16 647.01 USD Million [+]
Current Account -8856.00 -7980.09 2173.77 -9446.00 USD Million [+]
Current Account to GDP -2.10 -1.80 3.40 -6.10 percent [+]
External Debt 2655.66 2652.49 2686.10 0.70 MXN Billion [+]
Terms of Trade 45.37 46.50 106.34 44.59 Index Points [+]
Foreign Direct Investment 7149411.60 5418987.30 20994535.70 -63900.00 USD Thousand [+]
Remittances 2188.02 1887.87 2637.71 248.06 USD Million [+]
Tourism Revenues 1385972.84 1176568.15 1793810.53 158919.00 USD Thousand [+]
Tourist Arrivals 1545.13 1296.77 1952.56 56.59 Thousand [+]
Gold Reserves 121.78 122.20 125.35 2.55 Tonnes [+]
Crude Oil Production 2314.00 2306.00 3547.00 1977.00 BBL/D/1K [+]
Capital Flows 8610.38 17929.95 26278.07 -10175.76 USD Million [+]
Terrorism Index 3.99 4.51 4.51 1.35 [+]




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