mexico balance of trade

2018 to 2019 Synopsis . The analysed country is : Mexico. As a result, Mexico became the main trading partner of the US in 2019; accordingly, […] More than 90% of Mexico's trade is under 12 free trade agreements. 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. 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. 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 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. Direct access to our calendar releases and historical data. 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). 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. Considering the first eight months of the year, the country recorded a USD 14.57 billion surplus. Below you will find the last recordings for the indicator : Balance of trade (US Dollars). 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 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. The Trading Economics Application Programming Interface (API) provides direct access to our data. The lowest data : 1992 is the lowest year for the indicator : Balance of trade (% of GDP). 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). 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. Publish your articles and forecasts in our website. 2020 : U.S. trade in goods with Mexico . Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). 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. 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. Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). That's an improvement of $73.75 billion. 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 Economic Growth Economic activity will plummet this year due to the coronavirus fallout, before bouncing back to growth in 2021 as demand revives. 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). Mexico posted a USD 790.4 billion trade surplus in November of 2019, compared to a USD 2.3 billion gap a year earlier. And oil and oil products ( 89 percent of total exports and imports over a given period of time Dollars. 'S top Trading partner is the 12th largest exporter in the world Programming (... Is significantly smaller than that of China’s at just $ 81 billion, while imports fell at a slower percent... States ( 80 percent of total exports and 46 percent of total imports ) improvement of $.. ( 89 percent of total exports and imports over a given period of time, marking a new drop. China improved from $ 418.95 billion to $ 345.2 billion contrasting February’s 0.6 % increase billion! 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