Mexican exports break records

Mexico’s merchandise exports reached a record US$81.4 billion in July, increasing 43.7% year over year and posting their strongest growth since June 2021, according to data from Mexico’s statistics agency Inegi.

Imports also reached a historic high, totaling US$82.3 billion, up 45% annually. As a result, Mexico recorded a US$847.5 million trade deficit during the month.

Manufactured goods led Mexico’s export performance. Manufacturing exports totaled US$76.3 billion, representing a 45.7% annual increase. The strongest gains came from electrical and electronic equipment, whose exports surged 134%, followed by mining and metallurgy products at 27.3%, specialized machinery and equipment at 13.9%, and plastics and rubber products at 13.3%.

Automotive exports increased 2.4% year over year, supported by a 3.7% increase in shipments to the United States. Exports of automotive products to other markets, however, declined 3.9%.

Extractive exports also posted strong growth, rising 87.1% annually to US$1.8 billion. Agricultural and fishing exports were the main exception among major categories, falling 8.6% to US$1.32 billion.

From January through July, Mexico’s total exports reached US$471.4 billion, up 27.7% compared with the same period of 2025. Non-oil exports increased 28.7%, while oil exports declined 1.1%.

The record figures come as Mexico prepares for the fourth round of negotiations in the USMCA review, scheduled for the first week of September in Washington. The strong export performance underscores the importance of North American trade for Mexico’s manufacturing sector amid changes in tariffs and global supply chains.