Mexico Balance of Trade

Last Release

Jul 31, 2025

Actual

-17

Units In

USD Million

514

Frequency

Monthly

Next Release

Sep 26, 2025

Time to Release

28 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
6,256.09 Oct 2020	-6,286 Jan 2022	-290.8 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). .

Latest Updates

Mexico plans to raise tariffs on Chinese goods in its 2026 budget proposal, aiming to shield local businesses from cheap imports and respond to a long-standing request from U.S. President Donald Trump, Bloomberg News reported Wednesday. The hikes, which could cover cars, textiles, and plastics, are also expected to hit other Asian countries. While details remain unclear and subject to change, the draft proposal from President Claudia Sheinbaum’s administration is due to Congress by Sept. 8. The move follows U.S. pressure earlier this year for Mexico to align with its own duties on China. Mexican officials have since floated a “Fortress North America” strategy to curb Chinese shipments while strengthening U.S.-Mexico-Canada trade ties, an idea welcomed by U.S. Treasury Secretary Scott Bessent. Higher tariffs would also help boost revenue as Sheinbaum seeks to narrow Mexico’s budget deficit, which swelled to its widest since the 1980s in 2024.