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Mexico Balance of Trade
Manufactured products within 89% of total shipments followed by 6% within oil and oil products, are Mexico's most important exports. Metallic products, machinery, and equipment account for 53% of total purchases, followed by oil products at 10% and agricultural products at 53%, which are the most important imports. The United States is the country's principal commercial partner (80% of total exports and 46% of total imports). Other countries include China, Japan, and Germany. A total of USD 522 billion in trade between Mexico and the United States, with Mexico generating a surplus of over USD 132 billion in 2017. The following are the most important exports to the United States: other parts and accessories for vehicles (14% of total sales), trucks, buses, and special purpose vehicles (10%), passenger cars (10%), computers (6%), and telecommunication equipment (5%). The following are the most common imports from the United States: other parts and accessories for automobiles (8% of total imports), electric apparatus (7%), petroleum products (6%), and computer accessories (6%).
A higher than expected figure should be seen as positive (bullish) for the MXN while a lower than expected figure should be seen as negative (bearish) for the MXN.
Forex Sentiment (MXN)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDMXN |
|
|
18.1566 -4695 pips |
19.3056 -6795 pips |
18.6261 | |
| EURMXN |
|
|
19.3252 -24981 pips |
21.9265 -1032 pips |
21.8233 | |
| GBPMXN |
|
|
25.2092 -1033 pips |
25.4912 -1787 pips |
25.3125 |
News (MXN)
Mexico GDP Growth Slows To 3.5% Amid Tertiary Sector Slowdown
Mexican economic growth moderated in the fourth quarter after accelerating in the previous two quarters, largely led by a deceleration in the growth of the tertiary sector, preliminary data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday. Gross domestic product advanced an unadjusted 3.5 percent year-over-year in the December quarter.
RTTNews | 890 days ago
