Mexico - Balance of Goods

Mexico: Balance of Goods

Mnemonic	TRBG.IMEX
Unit	Million Dollars, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	316.85 %
Data	Feb 2021	2,681
	Jan 2021	-1,236

Series Information

Source	Bank of Mexico
Release	Balanza Commercial
Frequency	Monthly
Start Date	1/31/1980
End Date	2/28/2021

Mexico: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	Feb 2021	2,681	-1,236	Million Dollars, NSA	Monthly
Exports of Goods	Feb 2021	36,189	32,704	Million Dollars, NSA	Monthly
Imports of Goods	Feb 2021	33,508	33,940	Million Dollars, NSA	Monthly
Current Account Balance	2020 Q4	17,408	17,497	Mil. USD, NSA	Quarterly
Exports of Goods and Services	2020 Q4	10,221,976	10,188,976	Mil. MXN, SAAR	Quarterly
Imports of Goods and Services	2020 Q4	9,036,632	8,959,421	Mil. MXN, SAAR	Quarterly
Net Exports	2020 Q4	1,185,343	1,229,555	Mil. MXN, SAAR	Quarterly
Real Exports of Goods and Services	2020 Q4	6,920,252	6,812,781	Mil. 2013 MXN, SAAR	Quarterly
Real Imports of Goods and Services	2020 Q4	6,193,883	5,670,779	Mil. 2013 MXN, SAAR	Quarterly
Real Net Exports	2020 Q4	726,368	1,142,002	*******	Quarterly

Release Information

Description

Exports correspond to the total value of merchandises that the country sells with the criteria of last known destination. They also include the value of the goods processed with raw materials from abroad (maquiladoras). Imports correspond to the total value of merchandises that the country purchases from the rest of the world. They also include imports of goods for processing (for the inward processing of the maquiladoras).

The conceptual framework for foreign trade statistics follows the guidelines contained in the International Merchandise Trade Statistics: Concepts and Definitions (UN), the International Merchandise Trade Statistics, Compilers Manual (UN) and Balance of Payments Manual (IMF).

Methodology

Coverage: All the foreign trade transactions are recorded in the customs declarations and the Working Group on Foreign Trade Statistics define the specific transactions to be included in the statistical information taking aware of the guidelines of international recommendations. As mentioned before the Mexican statistics include the imports and exports related to the goods for processing.

Exceptions to coverage:Coverage: the foreign trade statistics exclude in-transit trade, monetary gold, paper money and coin in circulation, fuel and transport services sold to international carriers, personal purchases by residents at the border, and purchases by tourists worth less than US$300 per person.

Data are obtained from records of merchandise entering or leaving the country through the customs, according to the procedures established by the Customs Administration of the Secretariat of Finance.

Data collected: Type of merchandise, identification of the enterprise (importer/exporter), measurement units, volume, value, customs of entry or exit, origin country or destination country, and the date on which the merchandise entered or left the country.

Basis of country data: Statistics for imports are based in the merchandise’s origin country, and in the case of exports are based in the last known destination country.

Methodology

Data is subject to revisions.

Notes

The Mexican foreign trade flows are valued at market prices; likewise, merchandises are valued Free on Board (FOB).