Recently, Mexico experienced large-scale trade deficits, depletion of foreign reserve holdings and a major currency devaluation in December 1994, followed by the decision to freely float the peso. According to the Office of the United States Trade Representative, U.S. goods and services trade with Mexico reached a total of nearly $616 billion in … Mexico's trade balance shifted to a USD 5,799 million surplus in July 2020 from a USD 1,290 million deficit in the same month of the previous year. Details may not equal totals due to rounding. Looking forward, we estimate Current Account in Mexico to stand at -3100.00 in 12 months time. The country exported 1.051 million barrels of crude oil per day, lower than 1.079 million barrels a year earlier, while the price was USD 36.40 per barrel, $21.38 below the price in June 2019. Non-oil exports to the US went down 7.7 percent, namely automotive (-12.9 percent) and other goods (-4.7 percent). Below you will find the last recordings for the indicator : Balance of trade (% of GDP). Markets were expecting a USD 0.25 billion deficit. Non-oil exports to the US went up 5.8 percent, in particular other goods (9 percent) and automotive (0.2 percent). Considering the first seven months of the year, the country recorded a USD 8,458 million surplus. Mexico’s trade account reported another positive result in September as exports benefit from the U.S. recovery. Considering the January-October period, the country recorded a USD 25.18 billion surplus. . Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The maximum value was 6116 USD Million and minimum was -4625 USD Million. ... average annual percent change in the population, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. Quarterly balance of payments for Mexico, in U.S. dollars: exports of goods and services, imports of goods and services, net income receipts, net receipts from current transfers, and the capital account (liabilities and assets) broken down into: external indebtedness, foreign direct investment, portfolio investment, and changes in international reserves. Almost $616 Billion in 2017 . 1980-2020 Data | 2021-2022 Forecast | Calendar | Historical. In 2018, Mexico exported $441B and imported $416B, resulting in a positive trade balance of $25.2B. That's an improvement of $73.75 billion. 2018 to 2019 Synopsis . In 2017, the United States received 79% of Mexico's exports. The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. The country exported 1.023 million barrels of crude oil per day, higher than 0.095 million barrels a year earlier, while the price was USD 38.06 per barrel, $17.04 below the price in September 2019. The fall was mainly driven by a collapse of oil exports and a moderate decline in shipments of vehicles and auto parts. It was the largest surplus on record, as imports plunged 26.1 percent over a year earlier to USD 29,864 million mostly due to lower purchases of intermediate goods (-25 percent); consumption (-39.3 percent); capital (-15.9 percent); and oil (-44.4 percent). 2018 to 2019 Synopsis . Non-oil exports to the US went up 4.7 percent, of which automotive (15.4 percent). The most influential FTA is the United States-Mexico-Canada Agreement (USMCA), which came into effect in 2020, and was signed in 2018 by the governments of the United States, Canada and Mexico. As a result, Mexico became the main trading partner of the US in 2019; accordingly, […] The Trading Economics Application Programming Interface (API) provides direct access to our data. Mexico’s trade with the United States totaled $614.5 billion in 2019, a 0.48% increase over its 2018 total in a year when U.S. trade declined 1.5% to end up at $4.14 trillion. Mexico trade balance for 2019 was $-0.67B, a 97.05% decline … Below you will find the last recordings for the indicator : Balance of trade (US Dollars). Mexico : Table - Balance of trade (US Dollars) It is the biggest trade deficit since a record high in August of 2006 as imports returned to pre-pandemic levels while exports rose at … US Balance of Trade China Mexico Vietnam. These events also brought about a severe recession and higher unemployment in Mexico. The result is: -5.03 %. Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). Imports dropped 8.5 percent to USD 34.16 billion, as purchases declined for intermediate goods (-5.9 percent); consumption (-23.8 percent); capital (-8.4 percent); and oil (-27.4 percent). Considering the first nine months of the year, the country recorded a USD 18.96 billion surplus. Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). Exports fell at a slower 7.7 percent to USD 36.98 billion, as sales dropped for both oil (-11.4 percent) and non-oil products (-7.5 percent). The lowest data : 2008 is the lowest year for the indicator : Balance of trade (US Dollars). Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Exports rose 2.9 percent to a record high of USD 41.94 billion boosted by sales of non-oil products (4.5 percent), while those of oil plunged (-30.2 percent). Mexico's trade surplus widened sharply to USD 6.12 billion in August 2020 from USD 0.40 billion in the corresponding month of the previous year. Exports dropped at a slower 8.9 percent to USD 35,662 million, as sales declined for both oil (-36.5 percent) and non-oil products (-7.2 percent). Current Account in Mexico is expected to be 1000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Exports fell at a slower 7.7 percent to USD 36.98 billion, as sales dropped for both oil (-11.4 percent) and non-oil products (-7.5 percent). That said, significant risks remain, including subdued sentiment constraining household and capital spending, uncertainty surrounding the course of the pandemic, and the lack of significant fiscal relief measures hindering the recovery. January 29, 2019 If, as Donald Trump has suggested, a country’s success can be measured by its trade balance, Mexico is winning big league. Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Mexico’s Office for Economic Affairs will today release balance of trade figures for September. It was the largest trade surplus on record, as imports slumped 13.8 percent over a year earlier to USD 35.72 billon due to lower purchases of intermediate goods (-9.2 percent); consumption (-34.4 percent); capital (-18.3 percent); and oil (-33.4 percent). After measuring a $400 million surplus in August 2019, Mexico reported a $6.12 billion trade surplus for August this year—an increase of 1530% and the largest Mexican surplus ever recorded. Download historical data for 20 million indicators using your browser. The country exported 0.908 million barrels of crude oil per day, lower than 0.963 million barrels a year earlier, while the price was USD 36.75 per barrel, $13.85 below the price in October 2019. The Trading Economics Application Programming Interface (API) provides direct access to our data. Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). The trade deficit with Mexico, Taiwan, and Vietnam rose by $47.07 billion. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Mexico posted a USD 790.4 billion trade surplus in November of 2019, compared to a USD 2.3 billion gap a year earlier. The balance of trade measures a flow of exports and imports over a given period of time. This deficit is significantly smaller than that of China’s at just $81 billion. Data are in current U.S. dollars. The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Exports dropped by 9.3 percent mainly due to lower oil sales, while imports fell at a slower 5.8 percent. Publish your articles and forecasts in our website. Trade in Goods: Article 4: Coverage : Article 5: Rules of origin and administrative co-operation : Article 6: Customs duties : Article 7: Import and export restrictions : Article 8: National treatment on internal taxation and regulation : Article 9 It was the largest surplus on record, as imports slumped 22.2 percent over a year earlier to USD 30.86 billion due to lower purchases of intermediate goods (-20.4 percent); consumption (-34.5 percent); capital (-19.8 percent); and oil (-38 percent). Considering the January-October period, the country recorded a USD 25.18 billion surplus. More than 90% of Mexico's trade is under 12 free trade agreements. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Mexico : Table - Balance of trade (% of GDP) Trade with the United States and Canada has tripled since NAFTA's signing in 1994. The trade deficit in goods with China improved from $418.95 billion to $345.2 billion.That's an improvement of $73.75 billion. Non-oil exports to the US went down 7.7 percent, namely automotive (-12.9 percent) and other goods (-4.7 percent). There has been a lot of recent discussion of how new trade deals with Mexico, Canada and China will affect the U.S. trade deficit. The country exported 1.190 million barrels of crude oil per day, higher than 1.081 million barrels a year earlier, while the price was USD 39.52 per barrel, $9.99 below the price in August 2019. Data published Monthly by National Institute of Statistics and Geography. It was the largest surplus on record, as imports plunged 26.1 percent over a year earlier to USD 29,864 million mostly due to lower purchases of intermediate goods (-25 percent); consumption (-39.3 percent); capital (-15.9 percent); and oil (-44.4 percent). Trade and economic relations governed by this Agreement II. Sometimes a distinction is made between a balance of trade for goods versus one for services. Some pundits claim the deals will reduce the deficit. The United States also has a trade deficit with Mexico. Non-oil exports to the US went up 4.7 percent, of which automotive (15.4 percent). Publish your articles and forecasts in our website. It was the largest surplus on record, as imports slumped 22.2 percent over a year earlier to USD 30.86 billion due to lower purchases of intermediate goods (-20.4 percent); consumption (-34.5 percent); capital (-19.8 percent); and oil (-38 percent). The country exported 1.051 million barrels of crude oil per day, lower than 1.079 million barrels a year earlier, while the price was USD 36.40 per barrel, $21.38 below the price in June 2019. Mexico's trade balance shifted to a USD 5,799 million surplus in July 2020 from a USD 1,290 million deficit in the same month of the previous year. The lowest data : 1992 is the lowest year for the indicator : Balance of trade (% of GDP). The country exported 1.023 million barrels of crude oil per day, higher than 0.095 million barrels a year earlier, while the price was USD 38.06 per barrel, $17.04 below the price in September 2019. In 2018, Mexico's exports per capita were $3.5k and its imports per capita were $3.3k. Mexico is the 12th largest exporter in the world. The analysed country is : Mexico. It was the largest surplus on record, as imports plunged 26.1 percent over a year earlier to USD 29,864 million mostly due to lower purchases of intermediate goods (-25 percent); consumption (-39.3 percent); capital (-15.9 percent); and oil (-44.4 percent). Balance Of Trade - BOT: The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. The country exported 1.190 million barrels of crude oil per day, higher than 1.081 million barrels a year earlier, while the price was USD 39.52 per barrel, $9.99 below the price in August 2019. Non-oil exports to the US went up 5.8 percent, in particular other goods (9 percent) and automotive (0.2 percent). Mexico's trade balance shifted to a USD 5,799 million surplus in July 2020 from a USD 1,290 million deficit in the same month of the previous year. Mexico's trade surplus widened sharply to USD 6.12 billion in August 2020 from USD 0.40 billion in the corresponding month of the previous year. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Mexico's trade balance shifted to a USD 4.38 billion surplus in September 2020 from a USD 0.15 billion deficit in the same month of the previous year and above market expectations of a USD 3.795 billion surplus. Direct access to our calendar releases and historical data. 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. Balance of Goods for Mexico from Bank of Mexico for the Balanza Commercial release. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Mexico - Balance of payments Mexico's balance of payments, in deficit throughout much of the 1960s, turned favorable in the 1970s, as inflows of foreign funds rose fast enough to offset the worsening visible trade balance. In September, the trade balance reported a surplus of $4.385 billion, after $6.116 billion in August and a deficit of $116 million a year before. Mexico's trade balance shifted to a USD 6.22 billion surplus in October 2020 from a USD 0.68 billion deficit in the corresponding month of the previous year and above market forecasts of a USD 3.575 billion surplus. Mexico has agreements with 46 countries, more than any other nation. Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). What is trade balance of Mexico? Exports rose 2.9 percent to a record high of USD 41.94 billion boosted by sales of non-oil products (4.5 percent), while those of oil plunged (-30.2 percent). The country exported 0.908 million barrels of crude oil per day, lower than 0.963 million barrels a year earlier, while the price was USD 36.75 per barrel, $13.85 below the price in October 2019. "For July, the deficit with China in goods totaled $31.6 billion, an 11.5% increase from the June imbalance," AP noted. The result is: -25,051,036,326 $. Mexico Trade Balance May 2020. Mexico's trade balance shifted to a USD 4.38 billion surplus in September 2020 from a USD 0.15 billion deficit in the same month of the previous year and above market expectations of a USD 3.795 billion surplus. The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. It was the largest surplus on record, as imports plunged 26.1 percent over a year earlier to USD 29,864 million mostly due to lower purchases of intermediate goods (-25 percent); consumption (-39.3 percent); capital (-15.9 percent); and oil (-44.4 percent). Exports dropped at a slower 8.9 percent to USD 35,662 million, as sales declined for both oil (-36.5 percent) and non-oil products (-7.2 percent). 2020 : U.S. trade in goods with Mexico . Mexico – US Balance of Trade Download our newsletter in PDF: Trading Room As reported in a news portal, in 2019 Mexico surpassed China in the commercial exchange with the US, taking into account imports and exports according to US figures. Considering the first seven months of the year, the country recorded a USD 8,458 million surplus. A trade deficit of $68.2 billion with Germany is the third largest trade deficit of the U.S. Non-oil exports to the US declined 7.3 percent, in particular automotive (-7.3 percent) and other goods (7.4 percent). June 26, 2020. Exports rose 3.7 percent over a year earlier to USD 38.55 billion due to higher sales of non-oil products (5.1 percent), while those of oil dropped (-22.1 percent). The trade deficit in goods with China improved from $418.95 billion to $345.2 billion. The trade gap in the US widened to USD 67.1 billion in August of 2020 from a downwardly revised USD 63.4 billion in July and higher than market forecasts of USD 66.1 billion. Instituto Nacional de Estadística y Geografía (INEGI), Mexico Industrial Output Falls Less than Expected, Mexico November Inflation Rate Below Estimates, Mexico Private Investment Shrinks More than Estimated, Mexico Car Production Growth Slows in November, Mexico Consumer Morale Weakens in November, Mexico Factory Activity Shrinks for 9th Month, Mexico Business Sentiment Improves to 8-Month High, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. Mexico: Exports and imports collapse at record-breaking pace in May. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Instituto Nacional de Estadística y Geografía (INEGI), Mexico Industrial Output Falls Less than Expected, Mexico November Inflation Rate Below Estimates, Mexico Private Investment Shrinks More than Estimated, Mexico Car Production Growth Slows in November, Mexico Consumer Morale Weakens in November, Mexico Factory Activity Shrinks for 9th Month, Mexico Business Sentiment Improves to 8-Month High, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. 1980-2020 Data | 2021-2022 Forecast | Calendar | Historical. . In 2006, trade with Mexico's two northern partners accounted for almost 90% of … The U.S. has imported $346 billion worth of goods from Mexico, including vehicles and auto parts. Imports dropped 8.5 percent to USD 34.16 billion, as purchases declined for intermediate goods (-5.9 percent); consumption (-23.8 percent); capital (-8.4 percent); and oil (-27.4 percent). Table reflects only those months for which there was trade. Exports crashed 56.7% year-on-year in May, marking a new record-breaking drop after April had already registered a record 40.9% fall. Considering the first eight months of the year, the country recorded a USD 14.57 billion surplus. As últimas informações abrangentes para - México Balance of Trade - incluindo as últimas notícias, tabela de dados históricos, gráficos e muito mais. Considering the first eight months of the year, the country recorded a USD 14.57 billion surplus. Others include: China, Japan and Germany. Trade Balance surplus in Mexico increased to 6116 USD Million (6.116 B USD) in August 2020. Mexico's trade balance shifted to a USD 6.22 billion surplus in October 2020 from a USD 0.68 billion deficit in the corresponding month of the previous year and above market forecasts of a USD 3.575 billion surplus. Direct access to our calendar releases and historical data. It was the largest surplus on record, as imports plunged 26.1 percent over a year earlier to USD 29,864 million mostly due to lower purchases of intermediate goods (-25 percent); consumption (-39.3 percent); capital (-15.9 percent); and oil (-44.4 percent). Considering the first nine months of the year, the country recorded a USD 18.96 billion surplus. Non-oil exports to the US declined 7.3 percent, in particular automotive (-7.3 percent) and other goods (7.4 percent). Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Mexico's trade balance shifted to a USD 5,799 million surplus in July 2020 from a USD 1,290 million deficit in the same month of the previous year. Others include: China, Japan and Germany. However, during the 1980s a steep rise in imports due to trade liberalization led to a growing imbalance. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). Exports rose 3.7 percent over a year earlier to USD 38.55 billion due to higher sales of non-oil products (5.1 percent), while those of oil dropped (-22.1 percent). Download historical data for 20 million indicators using your browser. Mexico - Trade Balance Exports slip in March. It was the largest trade surplus on record, as imports slumped 13.8 percent over a year earlier to USD 35.72 billon due to lower purchases of intermediate goods (-9.2 percent); consumption (-34.4 percent); capital (-18.3 percent); and oil (-33.4 percent). Exports dropped 1.6% year-on-year in March, contrasting February’s 0.6% increase. The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Mexico's trade balance shifted to a USD 5,799 million surplus in July 2020 from a USD 1,290 million deficit in the same month of the previous year. Since 2007, Mexico's powerful drug-trafficking organizations have engaged in bloody feuding, resulting in tens of thousands of drug-related homicides. The analysed country is : Mexico. Mexico Economic Growth Economic activity will plummet this year due to the coronavirus fallout, before bouncing back to growth in 2021 as demand revives. 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