Trade
Trade Balance
Also known as: Balance of trade, Commercial balance
An economic indicator recording the difference between the value of a country's exports and imports of goods during a determined period.
Also known as: Balance of trade, Commercial balance
An economic indicator recording the difference between the value of a country's exports and imports of goods during a determined period.
The trade balance is a macroeconomic indicator measuring the difference between the total value of a country's goods exports and the total value of its goods imports during a specific period (monthly, quarterly, or annual). When exports exceed imports, there is a trade surplus; when imports exceed exports, there is a trade deficit.
Mexico is one of the most open economies in the world, with exports and imports representing over 70% of GDP. Main trading partners are the United States (over 80% of trade), China, the European Union, Japan, and Canada.
The trade balance is published monthly by INEGI and Banco de México. It is a key component of the balance of payments and a fundamental indicator for trade policy, exchange rate decisions, and international treaty negotiations.
Trade Deficit
An economic situation where a country's goods imports exceed its exports during a determined period, resulting in a negative trade balance.
TradeTrade Surplus
An economic situation where a country's goods exports exceed its imports during a determined period, resulting in a positive trade balance.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TradeDefinitive Export
Customs regime allowing goods to leave the country to remain abroad indefinitely.