For an economy facing uncertainty due to the review of the United States-Mexico-Canada Agreement (USMCA) , the manufacturing sector is emerging as one of the main drivers to sustain the country’s growth this year, according to experts.

During a discussion organized by Mundi (a fintech company specializing in financing and working capital solutions for exporting and importing companies in Mexico), representatives from the manufacturing , financial, and export industries agreed that manufacturing will continue to play a key role in the Mexican economy, particularly due to its contribution to exports and productive integration with North America.

Paulina Anciola, deputy director of Economic Studies at Banamex , pointed out that exports were the main factor that prevented a deeper economic downturn last year and considered that manufacturing will continue to be a relevant element for the country’s economic performance.

“The manufacturing sector will be key to growth, especially considering that exports are what’s saving us from GDP declines,” he said.

The specialist explained that, despite the contraction observed in some indicators during the first quarter of 2026, Banamex maintains an economic growth expectation of 1.3% for this year, supported by a gradual recovery of productive and export activity.

From the perspective of the automotive industry, Alberto Bustamante, president of the National Agency of Suppliers of the Automotive Sector (ANAPSA) , highlighted that the automotive sector represents the second most important pillar of the Mexican economy, contributing about 5% of the national Gross Domestic Product (GDP) and 24% of the manufacturing GDP.

He added that strengthening regional supply chains and increasing domestic content will be key factors in maintaining Mexico’s competitiveness against other markets.

For his part, Israel Morales, national director of the Mexico-United States Relations and International Affairs Committee of the National Council of the Export Manufacturing Industry (Index) , described export manufacturing as a success story that has demonstrated the ability to adapt to economic crises, changes in global supply chains and periods of trade uncertainty.

He considered that regional integration will continue to be one of Mexico’s main assets , although he warned that it will be necessary to strengthen productivity, talent development and the participation of the private sector in the construction of industrial policies.

Similarly, Flor González, general director of the National Association of Paint and Ink Manufacturers (ANAFAPYT) , maintained that the country’s economic future will depend on strengthening national manufacturing , technological innovation, and the training of specialized talent.

“The future of the Mexican economy will not be built solely with more trade; it will be built with manufacturing and Mexican talent,” he said.

Participants agreed that manufacturing growth will require greater coordination between government and private sector to improve infrastructure, facilitate investment, strengthen domestic supply chains, and enhance the competitiveness of production chains established in Mexico.

The importance of manufacturing is also reflected in employment. According to ANAPSA, the automotive sector generates more than 1.2 million direct jobs and nearly five million indirect jobs , in addition to impacting 252 economic sectors related to the country’s productive activity.

Comment and follow us on LinkedIn:  @Karina Quintero  /  @GrupoT21

El cargo Mexico’s economic challenge: growing amid uncertainty apareció primero en T21.

With the participation of more than 250 leaders, businesswomen, executives and representatives from the public and private sectors, the Mexican Business Council for Foreign Trade, Investment and Technology (Comce) held the Women Exporters Forum , a space designed to promote networking , dialogue and collaboration around greater participation of Mexican women in international markets.

The meeting brought together voices from the government, business organizations and representatives of the export ecosystem to discuss one of the pending challenges of foreign trade: closing the gaps that limit the access and growth of women-led businesses .

The event was attended by Alicia Bárcena, Secretary of Environment and Natural Resources; José Medina Mora, President of the Business Coordinating Council (CCE) ; Altagracia Gómez Sierra, Coordinator of the Advisory Council for Regional Economic Development and Relocation (CADERR); Sergio Contreras Pérez, Executive President of Comce; Leonardo Poblete Galván, Head of the Institutional Promotion Unit of the National Bank of Foreign Trade (Bancomext) ; and Susana Duque Roquero, General Director of Comce.

In his welcoming message, Sergio Contreras Pérez emphasized that the country’s export growth cannot be understood without greater incorporation of female leadership.

“Mexico will not be able to reach its full export potential without fully incorporating the leadership, capacity, and vision of women in foreign trade. Our country can become the eighth largest exporting power, but to achieve this goal, women must not be spectators: they must be protagonists,” she asserted.

For her part, Alicia Bárcena linked sustainable development with women’s economic participation and highlighted that foreign trade also represents a way to project identity and values ​​to the world.

“Exporting is about projecting our identity; it’s about telling the world who we are, what we produce, and what values ​​underpin our economy,” he said.

From the business sector, José Medina Mora acknowledged progress in terms of gender parity, although he warned that significant challenges remain at the management levels.

“Although gender parity exists at entry levels, women are underrepresented in management, director, and general management positions. The key to achieving parity is to recognize talent and create opportunities equitably,” she noted.

One of the key findings of the discussion was the disparity between the participation of women-led and men-led businesses in international trade. According to the forum, in Latin America, less than a quarter of businesses are headed by women, and this gap is also reflected in export activity.

While 10% of women-led businesses export, the proportion reaches 14% for those led by men . This difference is partly due to structural factors: women-led businesses tend to be smaller, younger, and concentrated in the service sector, while men-led businesses tend to be larger and more focused on international trade in goods.

The forum also addressed the particular context of Mexico, where female representation in business leadership continues to be lower compared to other markets in the region.

With this meeting, Comce reaffirmed its commitment to opening spaces for dialogue, collaboration, and capacity building that will allow for greater participation of women in foreign trade and accelerate their access to new internationalization opportunities.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Comce places female leadership at the center of foreign trade apareció primero en T21.

With the participation of more than 250 leaders, businesswomen, executives and representatives from the public and private sectors, the Mexican Business Council for Foreign Trade, Investment and Technology (Comce) held the Women Exporters Forum , a space designed to promote networking , dialogue and collaboration around greater participation of Mexican women in international markets.

The meeting brought together voices from the government, business organizations and representatives of the export ecosystem to discuss one of the pending challenges of foreign trade: closing the gaps that limit the access and growth of women-led businesses .

The event was attended by Alicia Bárcena, Secretary of Environment and Natural Resources; José Medina Mora, President of the Business Coordinating Council (CCE) ; Altagracia Gómez Sierra, Coordinator of the Advisory Council for Regional Economic Development and Relocation (CADERR); Sergio Contreras Pérez, Executive President of Comce; Leonardo Poblete Galván, Head of the Institutional Promotion Unit of the National Bank of Foreign Trade (Bancomext) ; and Susana Duque Roquero, General Director of Comce.

In his welcoming message, Sergio Contreras Pérez emphasized that the country’s export growth cannot be understood without greater incorporation of female leadership.

“Mexico will not be able to reach its full export potential without fully incorporating the leadership, capacity, and vision of women in foreign trade. Our country can become the eighth largest exporting power, but to achieve this goal, women must not be spectators: they must be protagonists,” she asserted.

For her part, Alicia Bárcena linked sustainable development with women’s economic participation and highlighted that foreign trade also represents a way to project identity and values ​​to the world.

“Exporting is about projecting our identity; it’s about telling the world who we are, what we produce, and what values ​​underpin our economy,” he said.

From the business sector, José Medina Mora acknowledged progress in terms of gender parity, although he warned that significant challenges remain at the management levels.

“Although gender parity exists at entry levels, women are underrepresented in management, director, and general management positions. The key to achieving parity is to recognize talent and create opportunities equitably,” she noted.

One of the key findings of the discussion was the disparity between the participation of women-led and men-led businesses in international trade. According to the forum, in Latin America, less than a quarter of businesses are headed by women, and this gap is also reflected in export activity.

While 10% of women-led businesses export, the proportion reaches 14% for those led by men . This difference is partly due to structural factors: women-led businesses tend to be smaller, younger, and concentrated in the service sector, while men-led businesses tend to be larger and more focused on international trade in goods.

The forum also addressed the particular context of Mexico, where female representation in business leadership continues to be lower compared to other markets in the region.

With this meeting, Comce reaffirmed its commitment to opening spaces for dialogue, collaboration, and capacity building that will allow for greater participation of women in foreign trade and accelerate their access to new internationalization opportunities.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Comce places female leadership at the center of foreign trade apareció primero en T21.

Sales of Mexican products abroad during March 2026 were in positive territory, totaling 70 billion 727 million dollars (USD), a growth of 27.7% compared to the same month of 2025 , according to the Mexican Merchandise Trade Balance (BCMM), prepared by the  National Institute of Statistics and Geography (Inegi) .

According to the agency’s timely foreign trade information, a total trade surplus of 5.932 billion dollars was recorded, which contrasts with the deficit of 463 million dollars reported last February .

“The increase in the balance, between February and March, originated from an expansion in the balance of non-oil products and an increase in the deficit of the balance of oil products,” Inegi noted in the report.

According to the figures, Mexican exports have seen 10 consecutive months of annual increases .

The increase in exports during the period was due to a 29.6% rise in non-oil exports and a 20.4% drop in oil exports. Within non-oil exports, those destined for the United States increased by 28.2% year-on-year, while those destined for the rest of the world rose by 36.9%.

Exports of manufactured goods totaled  $64.722 billion , representing a 29.5% increase compared to March 2025.

On an annual basis, the largest increases were recorded in exports of mining and metallurgy products with 61.8%, electrical and electronic equipment and appliances with 17.8%, food, beverages and tobacco with 14.4%, and automotive products with 2 percent.

In turn, the annual increase in automotive product exports resulted from a 3.4% decrease in sales channeled to the United States and a 39.2% increase in those directed to other markets.

In the reference month, oil exports totaled 1.707 billion dollars , which consisted of 1.290 billion dollars of crude oil sales and 417 million dollars of exports of other petroleum products.

Agricultural and fishing exports reached 2.219 billion dollars, an amount that implied an annual increase of 0.7 percent.

The value structure of merchandise exports in the first three months of 2026 was manufactured goods with 91.1%, agricultural goods with 3.3%, non-oil extractive products with 3.1%; and oil products with 2.5 percent.

Imports

In March 2026, the value of merchandise imports was $64.795 billion , representing an annual increase of 24.3 percent.

The National Institute of Statistics and Geography (INEGI) explained that consumer goods imports totaled $8.421 billion, a 19.3 percent year-on-year increase. Meanwhile, imports of intermediate goods reached $51.404 billion, 27.2 percent higher than in March 2015.

Imports of capital goods reached 4.97 billion dollars, which implied an annual increase of 7 percent.

In the period January-March 2026, the accumulated value of total imports was 176 billion 598 million dollars, an amount 18.4% higher than that observed in the same period last year.

In the first quarter of 2026, the structure of the value of imports was intermediate goods with 79.7%, consumer goods with 12.7%, and capital goods with 7.6 percent.

The results published this Monday show a dynamism in Mexican foreign trade that has not slowed down, and on the contrary, continues to grow hand in hand with the manufacturing sector, which has shown resilience in the face of the uncertainty caused by the tariffs promoted by the United States.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Mexican foreign trade is in positive territory; exports grow in March apareció primero en T21.

According to figures from the  US Census Bureau , Mexico reaffirmed its position as the main trading partner of the United States in February 2026 , once again ranking as the top supplier of goods to the United States and the main importer of US products, while Canada and China showed declines.

According to an analysis by  T21 Business Intelligence ,  the exchange of goods between Mexico and its northern neighbor was $73,217.2 million during the second month of 2026 , an increase of 7.1% compared to February 2025.

In contrast, Canada fell 8.9% , totaling $57,543.6 million in February 2026; while  China dropped 36.1% compared to the same month last year , with a total traded value of $26,902.2 million.

In the accumulated January-February 2026, Mexico also led the trade exchange with the United States, with a total of 147,322.1 million dollars ; Canada reached 110,335.4 million dollars and China 56,289.2 million dollars in the first two months.

Regarding exports to the United States in the second month of 2026, Mexico maintained a solid performance, sending goods to the United States for 44,310.7 million dollars , which meant an increase of 6.4% annually.

Meanwhile, Canada exported $29,172.3 million, 16.5% less than in February 2025. China totaled $18,955.6 million in merchandise shipments to the United States last February, a figure that represented a decline of 40.1% compared to the same month in 2025.

In terms of imports, Mexico also solidified its position as the leading buyer of U.S. products, with $28.9065 billion in February 2026 , representing an 8 percent year-over-year increase. Canada saw a slight increase of 0.4%, totaling $28.3713 billion during the same period. China imported a total of $7.9466 billion, 24% less than in February 2025.

The  trade balance  in February 2026 showed a surplus for Mexico (15,404.2 million dollars) , China (11,009.1 million dollars) and Canada (801 million dollars).

Last February, the positive trend in trade between Mexico and the United States continued, as shown in January 2016, when the value of the exchange of goods was 74,105 million dollars.

The results for the second month of 2026 also reflect Mexico’s leading position in trade with the United States , despite constant pressure from its northern neighbor through protectionist measures. Meanwhile, Canada faces obstacles and China is losing ground in the North American market.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Mexico maintains its trade advantage over the US in February apareció primero en T21.

Mexico began 2016 as the leading exporter of goods to the United States and also became the top buyer of U.S. products. Canada and China, the other major trading partners of the U.S., saw declines in their trade, according to figures from the U.S. Census Bureau .

According to an analysis by  T21 Business Intelligence , the value of bilateral trade between Mexico and the United States reached $74.105 billion during the first month of this year, an increase of 6.5% compared to January 2025.

In contrast, Canada and China reported significant declines during the period. Canada showed a 19.5% drop compared to 2025, totaling $52.84 billion in January 2026. China registered a 43% year-on-year contraction, with total trade of $29.387 billion in the first month of 2026.

Regarding exports to the United States, Mexico maintained its leadership, sending products to the United States worth $42,517.7 million in January 2026, 2% more than in the same month of 2025.

Conversely, Canadian exports to the United States totaled $28.33 billion, a 26.1% year-over-year decrease. China’s merchandise shipments to the United States totaled $21.05 billion in the first month of 2026, a 49.4% decline compared to January 2025.

In terms of imports, Mexico purchased US goods worth $31.5872 billion in January 2026, a 13.1% year-over-year increase. Canada’s imports totaled $24.5103 billion, a 10.3% decrease compared to the same month last year. During the same period, China imported a total of $8.3291 billion, 15.9% less than in January 2025.

In January 2026, Donald Trump completed one year of his second term as President of the United States, an administration characterized by protectionist economic policies and the imposition of tariffs on various countries around the world. Despite this, Mexico has managed to circumvent these measures and has positioned itself as a key player in trade with the United States ; meanwhile, Canada and China have experienced setbacks in their trade with the world’s largest economy.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Mexico made progress in trade with the US during January; Canada and China fell behind. apareció primero en T21.

In the third quarter of 2025 (3Q25), Mexico’s Gross Domestic Product (GDP) totaled  35.2 trillion pesos, representing a growth of 4.1% compared to the same period in 2024, the National Institute of Statistics and Geography (Inegi) announced this Thursday .

During the reference period, the  remuneration of salaried workers , by the income method, was the component that registered the greatest increase among productive agents, with an increase of 9.9% at an annual rate and an amount of 11 trillion pesos, which meant a participation of 31.4% of GDP.

According to the agency, the  gross operating surplus , that is, business profits, represented 39.6% of GDP in Q3 2025, with an annual growth of just 0.8 percent.

Gross mixed income ,  related to self-employed workers and small businesses, had a share of 21.6% of GDP in the comparison cycle, with a slight rebound at an annual rate of 0.4 percent.

Meanwhile, final consumption , measured by the expenditure method, was the component that sustained domestic demand with 29.3 trillion pesos, representing 83.3% of GDP in Q3 2025, and an annual growth of 4.6 percent.

Exports reached 13.6 trillion pesos during the period, representing 38.6% of GDP and a 6% increase compared to the third quarter of 2024 (3Q24), reflecting greater dynamism in Mexican foreign trade. Imports grew  5.9 % year-on-year, contributing 40.6% to GDP.

Meanwhile, gross fixed capital formation –investments in infrastructure, machinery and equipment– totaled 7.7 trillion pesos in the third quarter of 2025, although it registered a 4.9% drop compared to Q3 2024. This component accounted for 22% of GDP.

The quarterly Gross Domestic Product results, calculated using the income and expenditure approach , reflect the strength of domestic consumption , which is one of the driving forces of the Mexican economy.

According to estimates from BBVA Research , a moderate start to private spending is expected in 2026 , although a gradual recovery in consumption could be observed during the course of the year, “as the real wage bill strengthens and uncertainty related to US trade policies decreases.”

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Consumption and wages boost Mexico’s GDP in Q3 2025 apareció primero en T21.

According to data from the US Census Bureau , Mexico ended 2025 as the main supplier of goods to the United States and also ranked as the top importer of US products , while Taiwan became the third largest trading partner of the northern neighbor, displacing China to fourth place.

In December 2025, Mexico solidified its position as the United States’ top trading partner, registering a trade of goods worth $70.521 billion , once again surpassing Canada, which totaled $57.2862 billion. Taiwan’s trade with the United States totaled $29.4955 billion, just ahead of China, which registered $29.4922 billion, placing it in fourth position.

According to an analysis by T21 Business Intelligence , Mexico’s bilateral trade with the United States reached $872.834 billion in 2025 , representing a 4% increase compared to 2024, when it totaled $839.555 billion. In contrast, Canada registered $719.4786 billion last year, a 5.6% decrease; while China reported $414.6881 billion, a 28.7% drop.

In exports to the United States, Mexico totaled $534,873.5 million in the period January-December 2025 , an increase of 5.8% compared to shipments made in 2024. Canada, for its part, exported $382,960.3 million, a contraction of 7%, and China totaled $308,379.7 million during the past year, which represented a decline of 29.7 percent.

In terms of imports, Mexico purchased US goods worth $337,960.1 million in 2025 , 1.2% more than in 2024. In this category, Canada totaled $336,518.3 million, which is 3.8% less than in 2024; while China imported a total of $106,308.4 million, which meant a contraction of 25.8% compared to 2024.

Mexico, top US buyer in December

During December 2025, Mexico was the main importer of US products with $28,161.1 million , representing a growth of 14.6% compared to the same month in 2024. It was followed by Canada with $25,512 million, a decrease of 5.4%, and Taiwan with $4,799.3 million, an increase of 33% over 2024.

In exports to the United States in the last month of last year, Mexico reaffirmed its leadership with $42.36 billion , an 8 percent increase. Meanwhile, Canada exported the equivalent of $31.77 billion to the United States, 10.6% less than in 2014, while Taiwan sold goods to its northern neighbor worth $24.69 billion, a 144.7% increase compared to 2014.

Mexico ended 2025 consolidating its position as the most important trading partner of the United States, despite the tariffs imposed by President Donald Trump and the political tensions regarding trade and security .

In contrast, Canada and China felt the effects of the trade war driven by the United States more strongly, which was reflected in drops in their volumes of goods exchanged with their northern neighbor, weakening their position vis-à-vis Mexico.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo Mexico confirms its leadership in trade with the US by the end of 2025 apareció primero en T21.

The uncertainty of 2025, driven by a slowing economy and US tariffs , could represent an opportunity for Mexico in 2026, with events such as the World Cup and the review of the United States-Mexico-Canada Agreement (USMCA) impacting the country’s economic performance.

The discussion “Opportunities for the Mexican Economy and Foreign Trade in 2026 ,” organized by Mundi , included Gabriela Gutiérrez Mora, national president of the Mexican Institute of Finance Executives (IMEF) ; Guillermo Bernal, director of Public Affairs at the American Chamber of Commerce of Mexico (AmCham Mexico) ; Diego López Tamayo, senior economist at BBVA Research ; and Sonny Tabares, VP of Risk and Credit at Mundi.

In the dialogue, the specialists agreed that the review of the USMCA, which will take place next July, will be a turning point for the Mexican economy .

In that sense, Guillermo Bernal considered that free trade will no longer be as it is currently conceived, but local content offers the opportunity to keep Mexico attractive with good industrial policy management .

He clarified that the trilateral trade agreement is under review, not being renegotiated, “and will continue to be key to providing certainty within a co-production system where, just as we are the main seller to the United States, we are also its main buyer.”

The event highlighted that among the possible scenarios being considered are the renewal of the USMCA for an additional 16 years or, if no consensus is reached, annual reviews for a decade ; in addition, discussions on stricter rules of origin are anticipated, particularly in the automotive and manufacturing sectors , as well as greater pressure to limit Chinese inputs in regional value chains.

It is worth remembering that Mexico registered a positive performance in its trade balance, going from a deficit of 18 billion 541 million dollars (USD) in 2024 to a surplus of 771 million USD in 2025, reaching historical highs in total exports with 664 billion 837 million USD, and in total imports with 664 billion 066 million USD.

Moderate economic growth

The IMEF’s economic outlook warns of a scenario of insufficient growth, persistent inflation and weak investment , with a moderate forecast of 1.3% for 2026.

This figure is similar to that presented by the Bank of Mexico (Banxico) in its survey on expectations (1.30%), as well as that predicted (1.2%) by the Organization for Economic Cooperation and Development (OECD) , but below that projected (1.5%) by the International Monetary Fund (IMF) .

The IMEF survey respondents estimate that inflation will close the year at 3.95%; the same figure as the Survey on Expectations of Private Sector Economic Specialists by Banxico, while BBVA Research anticipated a general and core inflation of 3.8 percent.

“ Economic growth requires coordinated efforts between the public and private sectors to launch strategic projects and strengthen our industrial potential. Although exports remain dynamic, we are already seeing some nuances due to the impact of tariffs , particularly on auto parts. Energy will be a central focus in the USMCA discussions and in industrial policy,” emphasized Diego López.

World Cup, an economic showcase

Experts agreed that the impact of the 2026 FIFA  World Cup will extend beyond the immediate economic benefits and temporary employment in the service sector. The event is anticipated as a strategic catalyst that will strengthen Mexico’s international profile , solidifying its position as a priority destination for new investments.

“The 2026 FIFA World Cup puts us on the radar for foreign investment; the challenge is to turn that visibility into resilient, long-term growth,” Sonny Tabares emphasized.

Investment and employment, with challenges

According to the Ministry of Economy (SE) , at the close of the third quarter of 2025 (3Q25), Mexico reached a historic record of 40,906 million USD of Foreign Direct Investment (FDI), however, the challenge is that this flow depends, to a large extent, on the reinvestment of profits and not on new capital.

The above highlights a critical opportunity cost: as long as legal uncertainty and the lack of energy infrastructure persist , the country will continue to attract capital by inertia instead of attracting fresh investments that are currently moving towards other competitive markets.

Regarding jobs, BBVA Research identified that formal employment grew 1.3% in 2025, but fell to only 0.3% when excluding workers from digital platforms.

According to the Mexican Social Security Institute (IMSS) , 2025 saw a record high of 23.9 million jobs; however, the creation of 278,697 jobs represented the second weakest performance in more than two decades.

The Mexican labor market remains far from solid dynamism, as the slowdown in investment and the lack of business confidence not only limit the figures, but also represent a direct social cost: the inability to generate high-quality jobs that will drive true prosperity for Mexican families in 2026.

In a 2026 where uncertainty persists, Mexico has competitive advantages that it must take advantage of to boost its economic growth, such as its strategic location and the skilled workforce it has.

Comment and follow us on LinkedIn:  @GrupoT21

El cargo World Cup and USMCA review, turning points for the Mexican economy in 2026 apareció primero en T21.

The dynamics of Mexican foreign trade in November 2025 reaffirmed the country’s strength in the US market, according to data from the US Census Bureau .

In the penultimate month of last year, Mexico consolidated its position as the main trading partner of the United States, registering a total trade exchange of 71,132.2 million dollars (USD) , surpassing Canada, which totaled 53,700.1 million USD, and China with 27,959.1 million USD.

In an analysis conducted by T21 Business Intelligence , Mexico was the leading importer of US products during November 2025, with $26,616.5 million , although this figure represented a slight drop of 1.2% compared to the same month in 2024. It was followed by Canada with $25,339.9 million , a decrease of 11.5% compared to the same period in 2024, and China with $7,008.4 million , a drop of 44.4 percent.

In the first 11 months of 2025, Mexico’s  purchases of U.S. goods totaled $309.799 billion , a slight increase of 0.1% compared to the same period in 2024. Canada’s total was $310.0353 billion, a decrease of 3.9%. China’s imports reached $97.9205 billion, a decline of 25.2% over the same period.

In terms of exports to the United States, Mexico solidified its position as the most important partner. During November 2025, shipments of Mexican products to the U.S. market totaled $44.5157 billion , an annual increase of 5.4 percent. Canada exported $28.3602 billion to the United States, a decrease of 15.3 percent, and China $20.9507 billion, with a significant drop of 44.5 percent compared to the penultimate month of 2024.

As of November 2025, Mexico exported goods to the United States totaling $492,513.2 million , a 5.6% increase compared to the same period in 2024. Canada’s exports totaled $351,186.1 million, representing a 6.6% decrease; while China’s exports totaled $287,275.6 million, a 28.3% drop compared to the same period in 2024.

Regarding the trade balance, Mexico had a surplus of $17,899.1 million in November 2025 , while China’s was $13,942.3 million, and Canada’s was $3,020.3 million.

While Canada and China maintain geopolitical confrontations with the United States, Mexico registers sustained growth in its exports to its northern neighbor , consolidating itself as the main supplier of goods to the American Union.

According to estimates from the  International Chamber of Commerce Mexico (ICC Mexico) , the Mexican economy could grow between 1.3% and 1.8% during 2026, driven by the export sector , as the country continues to have a key comparative advantage with the rest of the world:  preferential access —with zero tariffs— under the current framework of the United States-Mexico-Canada Agreement (USMCA) .

Comment and follow us on X:  @GrupoT21

El cargo Mexico reaffirms its trade position with the US; exports increase in November apareció primero en T21.