Trade
Trade Balance
Also known as: Balance of trade, Commercial balance
An economic indicator measuring the difference between a country's exports and imports over a given period, reflecting its competitive position in international trade.
Also known as: Balance of trade, Commercial balance
An economic indicator measuring the difference between a country's exports and imports over a given period, reflecting its competitive position in international trade.
The trade balance is a fundamental component of the current account measuring the difference between a country's goods exports and imports. If exports exceed imports, a trade surplus exists; if imports exceed exports, a trade deficit exists. Mexico has maintained a variable trade position, with surplus in manufactures thanks to USMCA and deficit in consumer goods. It is a key indicator for economic and exchange rate policy.
Balance of Payments
An accounting record of all economic transactions between a country's residents and the rest of the world during a given period.
TradeDefinitive Export
Customs regime allowing goods to leave the country to remain abroad indefinitely.
TradeDefinitive Import
Customs regime allowing foreign goods to enter and remain indefinitely in the country after payment of all applicable duties and taxes.
TradeUSMCA (T-MEC)
Trade agreement between the United States, Mexico, and Canada that replaced NAFTA in July 2020, governing trade, investment, and intellectual property rules.