Mexico

In 2014, the value of merchandise exports of Mexico increased slightly by 4.6 percent to reach 397.5 bln US$, while its merchandise imports increased slightly by 4.9 percent to reach 400.0 bln US$ (see graph 1, table 2 and table 3). Mexico's trade with its largest partner, the United States, increased for both exports and imports, increasing by 6.5 and 4.3 percent respectively in 2014. The overall merchandise trade balance recorded a relatively small deficit of 2.5 bln US$ (see graph 1). Mexico recorded a merchandise trade surplus of 123.3 bln US$ with the United States, a 10.0 percent increase compared to the surplus with the United States in 2013. The largest merchandise trade balance was with MDG Developed North America at 124.0 bln US$ (see graph 4). Merchandise exports in Mexico were highly concentrated amongst partners; imports were also highly concentrated. The top 1 partner accounted for 80 percent or more of exports and 7 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Mexico increased substantially by 24.6 percent, reaching 20.1 bln US$, while its imports of services increased slightly by 4.8 percent and reached 31.9 bln US$ (see graph 2). There was a moderate trade in services deficit of 11.8 bln US$ in 2013, which was a 17.5 percent decrease compared to the deficit recorded in 2012.

Related Subject(s): International Trade and Finance

Countries: Mexico