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Mexico Balance of Trade
Last Release
Apr 30, 2025
Actual
-88
Units In
USD Million
Previous
3,442
Frequency
Monthly
Next Release
Jun 26, 2025
Time to Release
1 Months 1 Days 14 Hours
Highest | Lowest | Average | Date Range | Source |
6,256.09 Oct 2020 | -6,286 Jan 2022 | -295.58 USD Million | 1980-2025 | N/A |
Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (6 percent). Main imports are: metallic products, machinery and equipment (53 percent of total purchases), oil products (10 percent) and agricultural goods (3 percent). The country's top trading partner is the United States (80 percent of total exports and 46 percent of total imports). Others include: China, Japan and Germany. In 2017, trade between Mexico and the United States reached USD 522 billion, with Mexico posting a surplus of near USD 132 billion. Main exports to US include: other parts and accessories of vehicles (14 percent of total sales); trucks, buses and special purpose vehicles (10 percent); passenger cars (10 percent); computers (6 percent); telecommunication equipment (5 percent). Main imports from the United States are: other parts and accessories of vehicles (8 percent of total imports); electric apparatus (7 percent); petroleum products (6 percent) and computer accessories (6 percent).
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Latest Updates
Mexico posted a trade deficit of $0.088 billion in April 2025, narrowing from the $3.746 billion in the same period a year earlier and contrasting with market expectations of $0.16 billion. This was the second deficit of the year, after two consecutive surpluses. Exports grew 5.8% to $54.38 billion, led by a 6.6% increase in non-oil shipments as mining products (+46.4%) and manufactured goods (+6.6%) offset a decline in agricultural goods (-7.1%). Oil exports fell by 13.2%. However, sales of autos to the US decreased by 8.0% due to the aggressive tariffs that US President Trump placed on Mexican goods outside the USMCA. At the same time, imports fell by 1.2% as purchases of non-oil (-4.2%), capital goods (-18.8%) and consumer goods (-4.2%) fell.
Mexico Balance of Trade History
Last 12 readings