Mexico’s trade surplus with the US reaches record highs in August

Mexico’s trade surplus with the US reaches record highs in August

Last August, just at the height of the negotiations between Mexico and the United States for a new trade agreement, Mexico’s trade surplus with the United States reached an unprecedented amount of US$ 8.69 billion, which represented a 40% hike, the highest growth since 2010, according to records of the Department of Commerce. (PDF)

This amount was a result of US$ 31.12 billion in Mexican exports, also a record figure and representing an annual growth of 15%, its highest rate since March 2012. Meanwhile, Mexico’s imports from the U.S. totaled US$ 21.43 billion, a decrease of 5.7% or US$ 1.3 billion.

From January to August, Mexico exported goods to the United States worth US$ 228.68 billion, 10.5% higher than the same period of last year. During this period, Mexican merchandise represented 13.7% of total US imports, which also represents a record figure.

This increase is attributable to the rise of 7.7% in Mexican automotive exports, which rose to US$ 82.78 billion from January through August, representing 36.2% of total.



Automotive goods account for 31% of Mexico’s exports in August and throughout the year

The manufacturing industry represents almost 90% of Mexican exports during 2018