Mexico’s 2025 exports hit record high, creating first trade surplus in 4 years

Preliminary information indicates that Mexico enjoyed a commercialized surplus of US $2.43 cardinal successful December 2025, a show that prevented the system from falling into recession.

The beardown December export show marked a important betterment from November, erstwhile the country’s surplus deed US $663 million.

A preliminary study compiled by Mexico’s nationalist statistic bureau INEGI indicated that exports grew by 7.6% successful 2025 to full US $664.8 billion, and remained an motor of the system for the 2nd consecutive year.

Conversely, Mexican merchandise imports roseate 4.4%, reaching US $664.1 billion, resulting successful a commercialized surplus of US $771 cardinal aft 4 years of deficit. The preliminary information shows that some imports and exports registered grounds highs.

Though the US $771 cardinal surplus successful 2025 is modest, it contrasts sharply with the shortage of US $18.541 cardinal observed successful 2024. 

The INEGI study indicated that the summation successful the commercialized surplus betwixt November and December 2025 stemmed from a emergence successful the non-oil commercialized surplus. This fig accrued from US $2.838 cardinal successful November to US $4.837 cardinal successful December. 

At the aforesaid time, Mexico experienced a widening of the lipid commercialized shortage — which accrued from US $2.175 cardinal to US $2.408 cardinal during the aforesaid period.

Paradójico que en 2025 el impulso del crecimiento económico de México haya sido el assemblage exportador.

En 2025, las exportaciones registraron un crecimiento de 7.6%, el politician desde 2022.
Para 2026 se estima un crecimiento de 4.5%. pic.twitter.com/Dng5poB6we

— Gabriela Siller Pagaza (@GabySillerP) January 27, 2026

Despite a twelvemonth of debased economical growth, the summation successful exports was Mexico’s redeeming grace.

“Mexico did not autumn into recession due to the fact that exports responded good contempt the situation of uncertainty and caller tariffs,” Carlos Capistrán Carmona, main economist for Mexico and Canada astatine Bank of America (BofA), told Forbes magazine.

The INEGI study showed that exports successful December climbed by 17.2% and imports grew by 16.7% arsenic compared to December 2024.

The worth of Mexican exports successful December 2025 totaled US $60.651 billion. INEGI said this maturation resulted from a 19.5% summation successful non-oil exports and a 32.9% alteration successful lipid exports. Within non-oil exports, those destined for the United States accrued by 17.9% year-on-year, portion those destined for the remainder of the satellite grew by 28%.

Capistrán believes 2026 volition supply much of the same.

“The motor of maturation volition erstwhile again beryllium exports, which volition turn by much than 5%,” helium predicted.

With reports from El Economista and Forbes México