Mexico Anticipates Petroleum Trade Deficit

The trade balance in Mexican petroleum products could stop being a surplus and turn into a deficit in the medium term.

Last year Mexico recorded foreign currency revenue from exports of petroleum products totalling 42,885,844,000 dollars, and imports amounted to 25,704,844,000 dolalrs, so the surplus was 17.181 billion dolalrs.


Nevertheless, also taking into account foreign purchases of petrochemical products and natural gas made by private companies – not counted by Mexican Petroleum [Pemex] -imports totalled around 34 billion dolars, so the real surplus is under 7 billion dollars.

In the opinion of the Energy Secretariat (Sener), next year that surplus -which had been maintained for years -could disappear, because of rising demand for natural gas, liquefied petroleum gas, diesel, and gasoline.

When asked about this matter, Senate Energy Committee Chairman Francisco Labastida Ochoa said that he thought that the deficit scenario will indeed happen, but not until the end of this six-year period.

Red Orbit