Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure...
Merchandise Trade Balance in Mexico
The merchandise trade balance in Mexico averaged USD -6.1 billion in the decade to 2024. The 2024 reading was USD -8.2 billion. For more information on trade, visit our dedicated page.
Mexico Trade Chart
Note: This chart displays Trade Balance (USD billion) for Mexico from 2024 to 2016.
Source: Macrobond.
Mexico Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 5.4 | 34.2 | -10.8 | -28.1 | -12.3 |
Merchandise exports increase in June
Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure marked the strongest increase since October 2024 and was driven by higher sales to the U.S. Meanwhile, merchandise imports expanded 4.4% over the same month last year in June (May: -1.1% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.5 billion surplus in June (May 2025: USD 1.2 billion surplus; June 2024: USD 2.4 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 6.2 billion deficit in June, compared to the USD 9.1 billion deficit in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mexican trade projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Mexican trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mexican trade projections.
Want to get access to the full dataset of Mexican trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Mexico: Merchandise exports increase in June -
India: Merchandise exports fall at a slower pace in June Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports... -
Singapore: Non-oil domestic exports rebound in June Latest reading: Non-oil domestic exports (NODX) soared 13.0% on an annual basis in June, following May’s 3.9% drop. June’s outturn... -
Japan: Exports fall further in June; Japan and U.S. agree trade deal in July Latest reading: For the first time in two years, in June, yen-denominated merchandise exports shrank annually for the second consecutive... -
Argentina: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.8% on an annual basis in June (May: -7.5% year-on-year) thanks to booming energy... -
Malaysia: Merchandise exports rise at a milder pace in June Latest reading: Merchandise exports climbed 7.2% on an annual basis in June, on the heels of May’s 9.3% increase. The... -
Indonesia: Merchandise export growth surges in May Latest reading: Merchandise exports climbed 9.7% over the same month last year in May (April: +5.1% year-on-year). Meanwhile, merchandise imports...