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Mexico Balance of Trade

Last Release
Nov 30, 2024
Actual
-133
Units In
USD Million
Previous
371
Frequency
Monthly
Next Release
Jan 27, 2025
Time to Release
1 Months 2 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
6,256.09
Oct 2020
-6,286
Jan 2022
-304.95 USD Million1980-2024N/A
Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Others include: China, Japan and Germany. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. 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). 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). .

Latest Updates

Mexico recorded a trade deficit of $133 million in November 2024, reversing from a $561 million surplus in the same month of 2023. Imports rose 5.1% year-on-year to $52.16 billion. Non-oil imports grew 6.7%, while oil imports dropped 15.8%. By type, imports of intermediate goods rose 6.5%, capital goods increased 3.3%, and consumer goods fell 0.2%. Meanwhile, exports totaled $52.03 billion, including $49.64 billion in non-oil exports (up 4.0% year-on-year) and $2.38 billion in oil exports (down 2.7%). Non-oil exports to the US rose 4.4%, while those to other markets increased 1.8%. Cumulatively, the trade deficit narrowed to $10.78 billion in the first 11 months of 2024 from $9.73 billion in the same period of 2023.

Mexico Balance of Trade History

Last 12 readings

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