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Mexico Balance of Trade 1980-2016

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Mexico recorded a trade deficit of 3441.04 USD Million in January of 2016. Balance of Trade in Mexico averaged -265.33 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 -3441.04 USD Million in January of 2016. Balance of Trade in Mexico is reported by the Instituto Nacional de Estadística y Geografía (INEGI).

 

ActualPreviousHighestLowestDatesUnitFrequency
-3441.04-927.001710.25-3441.041980 – 2016USD MillionMonthly
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 March of 2016.

 

CalendarGMTReferenceActualPreviousConsensusForecast (i)
2015-12-2402:00 PMNov$-1569M$-1444M$-2126M$ -1393.3M
2016-01-2702:00 PMDec$-927M$-1569M$-644M$ -977.6M
2016-02-2602:00 PMJan$-3441M$-927M$-4200M$ -1097.5M
2016-03-2801:00 PMFeb$-3441M$-400M$324.5M
2016-04-2601:00 PMMar-1830.12
2016-05-2501:00 PMApr-2432.68

 

Mexico Trade Gap Widens 5.5% in January

Mexico recorded a trade deficit of USD 3441 million in January of 2016, compared to a USD 3262 million surplus a year earlier and below market expectations of USD 4200 million gap. Exports fell 7.6 percent mainly due to lower oil sales, while imports declined 6.2 percent.

Exports shrank by 7.6 percent to USD 24,536 million compared to USD 26553 million in January of 2015, as oil sales dropped by 49 percent while non-oil at a slower 4.1 percent. Within non-oil exports, those to the US decreased by 2.7 percent, while those to the rest of the world by 9.9 percent. Exports of agricultural goods fell by 5.4 percent and mining by 16.1 percent. Also, shipments of manufactured products went down by 3.9 percent, as non-automotive sales decreased 6.6 percent.
Imports contracted by 6.2 percent to USD 27,977 million from USD 29816 million a year earlier, as purchases of oil products declined by 30.3 percent and non-oil by 3.4 percent. When considering imports by type of goods, imports of intermediate goods dropped 4.1 percent and consumer goods decreased by 12.4 percent. Meantime, imports of capital goods declined by 11.3 percent.
On a seasonally adjusted monthly basis, exports fell 0.62 percent and imports increased 0.83 percent.

INEGI | Yekaterina Guchshina| yekaterina@tradingeconomics.com
2/26/2016 2:19:42 PM

Mexico TradeLastPreviousHighestLowestUnit
Balance of Trade-3441.04-927.001710.25-3441.04USD Million[+]
Exports24536.4230960.8036879.401225.59USD Million[+]
Imports27977.4631887.0036943.16647.01USD Million[+]
Current Account-7697.89-8178.772173.77-9546.73USD Million[+]
Current Account to GDP-2.80-1.903.40-6.10percent[+]
External Debt2981.972789.122981.970.70MXN Billion[+]
Terms of Trade43.6545.37106.3443.65Index Points[+]
Foreign Direct Investment4891361.207149411.6020994535.70-63900.00USD Thousand[+]
Remittances1932.162188.022637.71248.06USD Million[+]
Tourism Revenues1683982.891919962.501919962.50158919.00USD Thousand[+]
Tourist Arrivals1692.072318.952318.9556.59Thousand[+]
Gold Reserves121.45121.78125.352.55Tonnes[+]
Crude Oil Production2310.002314.003547.001977.00BBL/D/1K[+]
Terrorism Index3.993.994.511.35[+]
Capital Flows8610.3817929.9526278.07-10175.76USD Million[+]
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