Mexican exports closed 2025 with an optimal performance despite the uncertainty caused by the tariff measures implemented by the United States, which impacted global trade last year.
In December 2025, the value of Mexico’s exports was 60 billion 651 million dollars (USD), an annual increase of 17.2% , according to figures from the Mexican Merchandise Trade Balance (BCMM), released on Tuesday by the National Institute of Statistics and Geography (Inegi) .
Mexican exports in the last month of 2025 continued the good pace they showed last November, when they registered an increase of 7.9%, reaching 56 billion 412 million dollars (mdd).
By 2025, the cumulative value of exports was $664,837 million, which meant an annual growth of 7.6%.
“In the cumulative period from January to December 2025, total exports maintained a positive performance, with an annual growth of 7.6%. However, the domestic reading was mixed: the boost came from non-automotive manufactured shipments,” explained Grupo Financiero Monex in an analysis.
Meanwhile, the trade balance showed a surplus of $ 2.43 billion in December 2025 , compared to a surplus of $663 million last November.
The increase in the trade surplus, between November and December 2025, originated from an increase in the non-oil product surplus and an expansion of the oil product balance deficit, explained Inegi.
Exports increase
The increase in Mexican exports in December 2025, the highest year-on-year rate since February 2023, stemmed from a 19.5% rise in non-oil exports and a 32.9% decrease in oil exports. Within non-oil exports, those destined for the United States increased by 17.9% year-on-year, while those destined for the rest of the world rose by 28%.
In the last month of last year, exports of manufactured goods totaled US$55.615 billion , representing a 20.6% year-on-year increase. The most significant growth was seen in exports of machinery and specialized equipment for various industries (93.4%), mining and metallurgical products (41.2%), electrical and electronic equipment and appliances (15.2%), professional and scientific equipment (5.4%), and automotive products (0.8%).
In turn, the annual increase in automotive product exports resulted from a 3.7% reduction in sales to the United States and a 30.9% increase in sales to other markets during December 2025.
Meanwhile, agricultural and fishing exports totaled 1.877 billion dollars in December 2025, 12.7% less than in the same month of 2024.
In the reference month, the value of oil exports was 1.522 billion dollars, a figure made up of 839 million dollars of crude oil sales and 683 million dollars of exports of other petroleum products.
During 2025, the value structure of merchandise exports was as follows: manufactured goods 91.6%, petroleum products 3.2%, agricultural goods 3.1%, and non-petroleum extractive products 2.1 percent.
Imports are also on the rise
The value of merchandise imports in the last month of 2025 registered an annual growth of 16.7%, totaling 58 billion 221 million dollars .
During the period, imports of consumer goods totaled $9.51 billion, a year-on-year increase of 25.3 percent. Meanwhile, imports of intermediate goods reached $43.639 billion, 17.3% more than reported in December 2024.
Imports of capital goods reached $5.072 billion, which implied an annual decrease of 0.6 percent.
In 2025, the cumulative value of total imports was 664 billion 066 million dollars , an amount 4.4% higher than that observed in 2024. Meanwhile, the structure of the value of imports was intermediate goods with 76.8%, consumer goods with 14.7%, and capital goods with 8.5 percent.
“On the import side, these reflected an annual increase of 4.4% with a differentiated dynamic: oil imports decreased by 6.6% year-on-year, while non-oil imports increased by 5.3% year-on-year,” according to Monex.
This increase occurs in a context where Donald Trump , President of the United States, has expressed his rejection of products that are not manufactured in the United States; however, the figures reveal the importance of Mexico in the North American economy, since more than 80% of its exports are carried out in this region.
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