Mexican Exports Up 4% in July 2025 Led by Manufacturing Sector

Mexico's merchandise exports grew 4% year-on-year in July 2025, reaching a total of US$56.7 billion, according to INEGI. Growth was driven by strong performance in the manufacturing sector, which offset declines in oil and automotive exports.

Manufacturing exports accounted for 92.3% of the country's total merchandise sales, growing 5.3% in July. This dynamism was led by significant year-on-year growth in exports of machinery and special equipment for various industries, which rose 28.7%, while scientific and professional equipment went up 17%.

This performance compensated for a 23% annual drop in the value of oil exports, which totaled US$1.87 billion, and a 7% decline in automotive exports, which came in at US$15.91 billion. The drop in automotive sales was primarily due to a 9.2% fall in shipments to the United States.

On the import side, Mexico's purchases totaled US$56.72 billion in July, resulting in a trade deficit of US$16.7 million for the month. For the first seven months of 2025, however, the country has accumulated a trade surplus of US$1.42 billion, with exports growing 4.3% in the period.

Agricultural exports saw an annual decline of 5.6% in July, with significant drops in products like cattle, melons, and onions. This was partially offset by strong growth in exports of avocados, which rose 13.7%, and raw coffee beans, which surged 91.8%.