Mexico’s Tax Revenue Rises as Customs Show Mixed 2025 Results

Mexico closed the January–October 2025 period with robust tax revenue growth driven by stronger VAT and excise collections, rising merchandise value, and solid performance in several customs regions, despite a slight drop in total foreign trade operations.

According to National Customs Agency of Mexico (ANAM) data, tax revenue by cash flow reached MX$1.205 trillion (US$65.64 billion), a 20.7% nominal increase and 16.2% real growth compared to the same period in 2024. This momentum was fueled by significant gains in IVA (VAT) and IEPS (excise tax) collections. IVA grew 14.4% nominal (10.2% real), reaching MX$828.77 billion (US$45.14 billion), while IEPS surged 54.3% nominal (48.6% real), totaling MX$200.42 billion (US$10.92 billion).

Customs-related taxes also showed strong results. Revenue from General Import Tax (IGI) increased 25.3% nominal (20.7% real), and the Customs Processing Fee (DTA) rose 12.8% nominal (8.6% real), contributing MX$140.93 billion (US$7.68 billion) and MX$25.26 billion (US$1.38 billion), respectively.

The rise in tax revenue corresponds with growth in the value of traded goods. Merchandise value increased 17.0% nominal (12.7% real), driven by an 18.3% rise in imports (13.9% real) and 15.6% rise in exports (11.3% real).

In October, inland customs offices posted strong results, recording MX$23.78 billion (US$1.2 billion) in cash-flow revenue, a real increase of 10.9%. Meanwhile, maritime customs grew 10%, generating MX$67.46 billion (US$3.68 billion).

Among key customs points:

• Manzanillo collected MX$16.09 billion (US$876.5 million), marking a 20.6% real decline

• Veracruz registered MX$12.4 billion (US$675.9 million), a 7.6% real increase

• Nuevo Laredo reported MX$18.6 billion (US$1,017.7 million), representing a 5.3% real decrease.

These results come as Mexico advances toward the implementation of the new Customs Law, set to take effect on Jan. 1, 2026. Despite the ongoing legislative process, October’s revenue performance remained positive, demonstrating resilience across several customs regions.

Between January and October 2025, Mexico processed over 9 million customs declarations, a 3.8% decrease from 2024. Of these, 26.3% (2,385,060) were export-related and 73.7% (6,692,090) related to imports.

Foreign trade operations totaled 18.1 million, representing a 2.3% contraction year-over-year. Export operations reached 8.1 million (down 0.2%), while imports totaled 9.97 million (down 3.9%).

Mexico’s fiscal results through October highlight a resilient tax base and solid inland and maritime customs performance, even amid mixed activity at major ports. As the country prepares for the entry into force of the revised Customs Law in 2026, authorities will aim to preserve revenue momentum while addressing operational challenges in key trade corridors.