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Mexico Balance of Trade
Last Release
Mar 31, 2025
Actual
3,442.45
Units In
USD Million
Previous
2,212.37
Frequency
Monthly
Next Release
May 23, 2025
Time to Release
23 Days 11 Hours
Highest | Lowest | Average | Date Range | Source |
6,256.09 Oct 2020 | -6,286 Jan 2022 | -295.96 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 recorded a trade surplus of $3.44 billion in March 2025, up from $1.99 billion in the same period of the previous year and exceeding market expectations of $2.06 billion surplus. This was the second consecutive surplus, driven by surge in exports as companies speed up shipments in anticipation of US tariffs. Exports grew 9.6% to $55.5 billion, led by a 9.7% increase in non-oil shipments, including mining products (+34.1%), agricultural products (-2.8%) and manufactured goods (+10%). Exports rose the most for machinery and equipment for industry (50.2%), and cars ( 6.2%) driven by increases of 6.5% in sales to the US and 4.0% in those directed to other markets. Oil exports increased by 9.7%. Shipments to the US grew by 9.0%, while exports to other markets increased by 13.7%. At the same time, imports rose by 7.1% driven by higher purchases of non-oil products (+8.0%) and intermediate goods (+9.7%) while oil (-6.3%), capital goods (-1.3%) and consumer goods (-1.2%) all declined.
Mexico Balance of Trade History
Last 12 readings