Mexico achieves first double-digit export growth in over half a year, bolstered by strong manufacturing output.
Mexico’s manufacturing industry delivered a notable boost to the country’s foreign trade performance in June 2025, with total exports reaching $54 billion USD — representing a robust 10.6% year-over-year increase, according to the National Institute of Statistics and Geography (INEGI).
This marks the first instance of double-digit annual export growth since November 2024, highlighting renewed strength in the industrial sector amid a shifting global economic landscape and under the current U.S. administration.
Strong Momentum in Manufactured Goods
The standout performer in June was the manufacturing sector, which recorded a 13.5% annual rise in export value. Key drivers behind this surge included:
- Machinery and specialized industrial equipment: +55.0%
- Professional and scientific instruments: +23.4%
- Metallurgical products: +19.3%
- Electrical and electronic equipment: +6.6%
- Automotive products: +4.5%
The automotive segment, a long-standing pillar of Mexico’s export economy, saw a mixed performance. Exports to the United States rose 6.0%, while shipments to other destinations declined by 2.6%.
Oil Exports and Energy Sector
Oil-related exports contributed $1.46 billion USD to June’s total, with $984 million derived from crude oil and $474 million from refined and other petroleum products. Despite a modest rise in the average export price of Mexican crude to $63.03 per barrel — $5.15 higher than in May — it still remained nearly $10 lower than in June 2024. Export volumes fell to 520,000 barrels per day, down from 743,000 in May and 787,000 a year earlier.
Trade Balance Turns Positive
While imports into Mexico also rose, increasing by 4.4% year-over-year to $53.49 billion, the stronger export performance tipped the scales in Mexico’s favor. The country posted a trade surplus of $514 million in June.
On a cumulative basis, Mexico’s trade data for the first half of 2025 shows:
- Exports: up 4.4%
- Imports: up 0.2%
- Trade surplus: $1.43 billion
Looking Ahead
These figures underscore the resilience and competitiveness of Mexico’s manufacturing base — particularly in high-value-added industries such as machinery and electronics — and reinforce the country’s position as a key player in North American supply chains.
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