Mexico recorded a trade deficit of 1944 USD Million in August of 2025. This dataset provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the trade balance of goods (exports minus imports of goods) in Mexico from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in Mexico amounted to about 26.87 billion U.S. dollars.

Key information about Mexico's Trade Balance

• Mexico's Trade Balance recorded a deficit of 423.4 USD mn in Jan 2025, compared with a deficit of 680.8 USD mn in the previous month
• Mexico's Trade Balance data is updated monthly, available from Jan 1993 to Jan 2025, with an averaged value of -550.2 USD mn
• The data reached an all-time high of 7.1 USD bn in Aug 2020 and a record low of -5.2 USD bn in Jul 2022

• In the latest reports, Mexico's Total Exports reached 51.9 USD bn in Jan 2025, an increase of 6.5% YoY (year-on-year)
• Total Imports recorded 52.3 USD bn in Jan 2025, an increase of 6.5% YoY (year-on-year)

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Mexico (XTNTVA01MXA667S) from 1980 to 2024 about Mexico, trade, Net, and goods.

In 2024, the United States traded close to ****** billion U.S. dollars’ worth of goods with their neighbor. That year, the U.S. imported more goods from Mexico than it exported, leading to a trade deficit, or negative trade balance. Mexico’s imports from the United States The majority of cosmetics and personal care imports to Mexico originated from the U.S., while other Latin American countries, such as Colombia and Brazil, contributed significantly less in terms of import value. When it comes to apparel items, the United States was also among the leading trade partners for Mexico, although far behind China, where Mexico imported nearly all of its clothes from. Leading product categories Mexico exports to the Unites States The United States is Mexico’s most important trading partner when it comes to the export of cosmetics and personal care products. Canada, as the only other non-Latin American country on the list, was also among the leading export destinations. Furthermore, the United States is the main destination country for Mexico’s apparel exports.

Mexico Trade Balance: sa: Excluding Oil Products data was reported at 927.880 USD mn in Feb 2019. This records an increase from the previous number of 767.778 USD mn for Jan 2019. Mexico Trade Balance: sa: Excluding Oil Products data is updated monthly, averaging -1.150 USD bn from Jan 1993 (Median) to Feb 2019, with 314 observations. The data reached an all-time high of 1.775 USD bn in Dec 2018 and a record low of -3.140 USD bn in Jul 2008. Mexico Trade Balance: sa: Excluding Oil Products data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JA003: Trade Statistics: Seasonally Adjusted.

The Mexican automotive industry's trade surplus has been growing since 2009. For instance, in 2020, automotive exports from Mexico exceeded the country's imports by approximately **** billion U.S. dollars. This represented a decrease in this sector's foreign trade balance of about **** percent compared to the previous year.

Mexico's total Exports in 2024 were valued at US$618.98 Billion, according to the United Nations COMTRADE database on international trade. Mexico's main export partners were: the United States, Canada and China. The top three export commodities were: Vehicles other than railway, tramway; Electrical, electronic equipment and Machinery, nuclear reactors, boilers. Total Imports were valued at US$625.87 Billion. In 2024, Mexico had a trade deficit of US$6.89 Billion.

Based on foreign trade balance, the United States was by far Mexico's main trading partner in 2023. That year, Mexico's exports of goods to the U.S. exceeded its imports by about *** billion U.S. dollars. Canada came in second, registering a trade value of around **** billion dollars.

In 2023, the net exports of electricity from Mexico amounted to *** petajoules, an increase on the year before. Since 2018, electricity imports to Mexico were larger than electricity exports.

Historical dataset showing Mexico trade balance by year from 1960 to 2023.

Mexico Trade Balance: sa: Oil Products data was reported at -1.315 USD bn in Feb 2019. This records an increase from the previous number of -1.745 USD bn for Jan 2019. Mexico Trade Balance: sa: Oil Products data is updated monthly, averaging 572.285 USD mn from Jan 1993 (Median) to Feb 2019, with 314 observations. The data reached an all-time high of 2.640 USD bn in Nov 2007 and a record low of -2.482 USD bn in Nov 2018. Mexico Trade Balance: sa: Oil Products data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JA003: Trade Statistics: Seasonally Adjusted.

Overview with Chart & Report: Trade Balance n.s.a. (not seasonally adjusted) shows the difference between Mexico's export and import of goods and services. A positive balance value indicates a trade surplus, while a negative one

Mexico MX: Trade Balance: Advanced Economies: Belgium data was reported at 69.665 USD mn in Dec 2018. This records an increase from the previous number of 37.652 USD mn for Nov 2018. Mexico MX: Trade Balance: Advanced Economies: Belgium data is updated monthly, averaging -1.153 USD mn from Jan 2001 (Median) to Dec 2018, with 216 observations. The data reached an all-time high of 203.192 USD mn in Feb 2018 and a record low of -36.450 USD mn in Nov 2005. Mexico MX: Trade Balance: Advanced Economies: Belgium data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.DOT: Trade Balance: by Country: Monthly.

The statistic shows the trade balance of services (exports minus imports of services) in Mexico from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the estimated trade deficit of services in Mexico amounted to about 9.88 billion U.S. dollars.

Information on the commercial exchange of merchandise that Mexico carries out with the rest of the world.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Mexico (XTNTVA01MXQ664S) from Q1 1980 to Q2 2025 about Mexico, trade, Net, and goods.

Overview with Chart & Report: The Trade Balance is the economic indicator which reflects the difference between everything exported and imported in relation to goods and services within Mexico in a selected period of time. A

Forecast: Aerospace Industry Trade Balance in Mexico 2023 - 2027 Discover more data with ReportLinker!

Mexico MX: Trade Balance: Advanced Economies: Italy data was reported at -425.166 USD mn in Dec 2018. This records an increase from the previous number of -442.229 USD mn for Nov 2018. Mexico MX: Trade Balance: Advanced Economies: Italy data is updated monthly, averaging -37.473 USD mn from Feb 1960 (Median) to Dec 2018, with 665 observations. The data reached an all-time high of 149.792 USD mn in Aug 1996 and a record low of -619.461 USD mn in Aug 2018. Mexico MX: Trade Balance: Advanced Economies: Italy data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Mexico – Table MX.IMF.DOT: Trade Balance: by Country: Monthly.