Mexico Customs Revenue Up Jan–Nov 2025 on VAT, IEPS

Mexico sustained strong customs-linked tax growth through November 2025, supported by higher VAT (IVA) and a sharp rise in excise (IEPS) collections, even as the number of foreign trade operations and customs declarations declined year over year, according to the National Customs Agency of Mexico (ANAM). 

ANAM reports cash-flow revenue from foreign trade operations of MX$1.32 trillion (US$73.46 billion) for January–November 2025, representing 14.3% real growth versus the same period of 2024. The agency linked the performance to the recovery in IVA collections and an IEPS boost associated with higher hydrocarbon import volumes.

By tax type, IVA remained the dominant contributor at MX$904.13 billion (US$50.31 billion), representing 68.5% of the total, with 7.8% real growth. IEPS totaled MX$223.40 billion (US$12.43 billion), or 16.9% share, with 49.9% real growth. General Import Tax (IGI) reached MX$154.84 billion (US$8.62 billion), representing 11.7% share and 18.4% real growth, while the Customs Processing Fee (DTA) contributed MX$27.61 billion (US$1.54 billion), representing 2.1% share and 6.5% real growth. 

Maritime Customs Led Collections

By customs type, maritime customs accounted for 51.74% of revenue in January–November, collecting MX$683.24 billion (US$38.02 billion) and posting 19.4% real growth. Border customs collected MX$422.05 billion (US$23.49 billion), representing 9.1% real growth, while inland customs generated MX$215.17 billion (US$11.97 billion), representing 9.8% real growth.

Within maritime customs, the largest collectors were Manzanillo with MX$169.20 billion (US$9.42 billion), Veracruz with MX$129.84 billion (US$7.23 billion), and Lazaro Cárdenas with MX$121.32 billion (US$6.75 billion). Tuxpan stood out at MX$85.50 billion (US$4.76 billion), with a 135.1% real increase year over year.

Activity Softens, But Declared Value Rises

ANAM reported 19.74 million foreign trade operations in January–November, a 2.7% decline versus 2024. Export operations totaled 8.84 million (down 0.7%) and import operations reached 10.91 million (down 4.3%).

Customs declarations also fell to 9.92 million in January–November (4.4% fewer year over year), with 2.60 million tied to exports (26.2%) and 7.32 million to imports (73.8%). Despite lower volumes, the declared value of traded goods increased 10.8% in real terms in January–November, with imports up 11.9% real and exports up 9.7% real.

Compared with the January–October snapshot, in November customs revenue kept rising even though trade activity remained softer year over year, suggesting that higher declared values and the tax mix, not higher transaction counts, were doing the heavy lifting.

In ANAM’s breakdown, IVA continued to be the main revenue engine, while IEPS again delivered the biggest growth impulse, which the agency links to higher hydrocarbon import volumes. At the regional level, the momentum also remained anchored in maritime customs, which kept leading collections and outpacing other customs types, indicating that seaborne supply chains continued to be the strongest contributor to the overall revenue uptick going into year-end.

Previous Month Performance

ANAM’s January–November 2025 update extends the January–October picture with the same key features: higher revenue alongside lower activity. Cash-flow revenue rose from MX$1.205 trillion (US$67.06 billion) in January–October to MX$1.320 trillion (US$73.46 billion) in January–November, while foreign trade operations moved from a 2.3% year-over-year decline (January–October) to a 2.7% decline (January–November), and customs declarations from 3.8% down to 4.4% down. 

On trade values, ANAM reported real growth in declared merchandise value in both cuts: the October snapshot cited 12.7% real growth for January–October, while the November report puts January–November real growth at 10.8%.

Regionally, the November report shows maritime customs remained the largest source of collections in the cumulative period, generating MX$683.24 billion (US$38.02 billion) and representing 51.74% of total revenue, followed by border customs (MX$422.05 billion) and inland customs (MX$215.17 billion). Among maritime gateways, the largest cumulative collectors were Manzanillo, Veracruz, and Lazaro Cardenas, while Tuxpan recorded the strongest year-over-year increase in the cumulative period.