23.12.202512:18:09UTC+00Mexico Records Trade Surplus for 2nd Month

In November 2025, Mexico achieved a trade surplus of $0.6 billion, a turnaround from the $0.7 billion deficit recorded in the same month the previous year. This result was largely in line with market expectations of a $0.5 billion surplus. Export activities saw a 7.9% increase, reaching $56.4 billion. Manufacturing exports rose significantly by 10.9% to $52.1 billion, driven by a notable 17.7% surge in non-automotive manufacturing exports, which amounted to $36.3 billion, alongside a substantial 51.6% rise in extractive goods, totaling $1.3 billion—boosted by increased silver prices. These positive trends managed to counteract a 2.1% decrease in automotive exports, which dropped to $15.8 billion due to tariffs imposed by the United States, Mexico's primary export destination, resulting in a 4.8% decline. Despite this, exports to the U.S., which comprise 83% of Mexico's total export volume, increased by 8.5% on an annual basis. On the import front, a 5.2% rise was observed, leading to a total of $55.7 billion. This growth in imports was driven by an 8.7% increase in intermediate goods, which climbed to $42.9 billion, effectively offsetting a 16.7% decline in capital goods, which fell to $4.4 billion.