mexico balance of trade

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. 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). 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). 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). 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). The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. Download historical data for 20 million indicators using your browser. 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). 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 - Trade Balance Exports slip in March. Table reflects only those months for which there was trade. The balance of trade measures a flow of exports and imports over a given period of time. Non-oil exports to the US went up 5.8 percent, in particular other goods (9 percent) and automotive (0.2 percent). Below you will find the last recordings for the indicator : Balance of trade (% of GDP). 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. These events also brought about a severe recession and higher unemployment in Mexico. Exports dropped by 9.3 percent mainly due to lower oil sales, while imports fell at a slower 5.8 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. Mexico : Table - Balance of trade (US Dollars) As a result, Mexico became the main trading partner of the US in 2019; accordingly, […] The lowest data : 1992 is the lowest year for the indicator : Balance of trade (% of GDP). 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 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). Mexico is the 12th largest exporter in the world. 2020 : U.S. trade in goods with Mexico . In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. The U.S. has imported $346 billion worth of goods from Mexico, including vehicles and auto parts. Data are in current U.S. dollars. Others include: China, Japan and Germany. 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 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. More than 90% of Mexico's trade is under 12 free trade agreements. 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. 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). Almost $616 Billion in 2017 . Balance of Goods for Mexico from Bank of Mexico for the Balanza Commercial release. 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 Economic Growth Economic activity will plummet this year due to the coronavirus fallout, before bouncing back to growth in 2021 as demand revives. 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. 2018 to 2019 Synopsis . Mexico : Table - Balance of trade (% of GDP) What is trade balance of Mexico? 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. The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). 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). 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. Publish your articles and forecasts in our website. Trade Balance surplus in Mexico increased to 6116 USD Million (6.116 B USD) in August 2020. 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. 1980-2020 Data | 2021-2022 Forecast | Calendar | Historical. Trade: The top exports of Mexico are Cars ($50.7B), Vehicle Parts ($30.1B), Computers ($29.7B), Delivery Trucks ($25B), and Telephones ($16.7B). 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. The result is: -5.03 %. 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). 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. . As últimas informações abrangentes para - México Balance of Trade - incluindo as últimas notícias, tabela de dados históricos, gráficos e muito mais. Since 2007, Mexico's powerful drug-trafficking organizations have engaged in bloody feuding, resulting in tens of thousands of drug-related homicides. 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. The trade deficit in goods with China improved from $418.95 billion to $345.2 billion.That's an improvement of $73.75 billion. Direct access to our calendar releases and historical data. Mexico has agreements with 46 countries, more than any other nation. Mexico: Exports and imports collapse at record-breaking pace in May. Mexico posted a USD 790.4 billion trade surplus in November of 2019, compared to a USD 2.3 billion gap a year earlier. Non-oil exports to the US went up 4.7 percent, of which automotive (15.4 percent). 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.

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