Amid the United States’ tariff policy, Mexican exports reached a historic figure in October 2025, driven by the manufacturing industry , according to the Mexico Merchandise Trade Balance (BCMM) report, prepared by the National Institute of Statistics and Geography (Inegi) .
During the tenth month of the year, the value of Mexico’s exports was 66 billion 133 million dollars (USD) , an annual increase of 14.2%, which represented the largest annual growth rate in the last 33 months; while the trade balance showed a surplus of 606 million USD, a balance that compares with the deficit of 2.4 billion USD last September.
Record exports
The increase in Mexican exports stemmed from a 16.3% rise in non-oil exports and a 29.8% decrease in oil exports. Within non-oil exports, those destined for the United States grew 17.1% year-on-year, while those destined for the rest of the world increased by 12.3%.
Exports of manufactured goods totaled US$61.644 billion, a 17.4% year-on-year increase. The most significant increases were in exports of machinery and specialized equipment for various industries (110.9%), mining and metallurgical products (14.1%), professional and scientific equipment (13.1%), and electrical and electronic equipment and appliances (10.0%).
Meanwhile, exports of automotive products registered an annual decrease of 14%, which resulted from decreases of 14% in sales channeled to the United States and 14.1% in those directed to other markets.
In October 2025, the value of oil exports was 1.82 billion dollars, an amount made up of 1.3 billion dollars from crude oil sales and 520 million dollars from exports of other petroleum products.
Meanwhile, the value of agricultural and fishing exports was 1.384 billion dollars, an annual decrease of 19.5 percent.
In the period January-October of this year, the structure of the value of merchandise exports was as follows: manufactured goods with 91.5%, petroleum products with 3.3%, agricultural goods with 3.2%, and non-petroleum extractive products with 2 percent.
Imports are growing
The value of merchandise imports was $65.526 billion, representing an annual increase of 12.8% in October 2025.
In the reference month, imports of consumer goods totaled $9.86 billion, a year-on-year increase of 10.7 percent. Imports of intermediate goods reached $50.63 billion, 15.7 percent higher than in October 2024.
Imports of capital goods reached $5.037 billion, which represented an annual decrease of 7.4 percent.
In the period January-October 2025, the accumulated value of total imports was 550 billion 096 million USD, an amount 3.1% higher than that observed in the same period of 2024. Within it, non-oil imports increased 4.1% and oil imports decreased 7.8% at an annual rate.
In the first 10 months of 2025, the structure of the value of imports was as follows: intermediate goods, 76.9%; consumer goods, 14.6%; and capital goods, 8.5 percent.
The strong pace of Mexican exports has continued into the end of the year, marking a positive trend in shipments of national goods abroad, even with protectionist trade measures around the world, driven mainly by the United States.
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