The exports and imports of products from Mexico achieved interannual growth of 13.8 and 15.2% respectively in September, reaching record levels, reported this Monday the Inegi.
With this, exports had their best growth rate in the last 14 months and increased to 56,487.9; while imports registered their best dynamism in the past 17 months and amounted to 58,887.5 million dollars.
The growth of Mexican foreign sales occurred in an environment of lower comparative tariff rates in the United States; the integration of Mexico into global value chains, mainly in North America; the trade war between the United States and China, and market diversification.
The main driver was the non-automotive manufacturing exportswhich increased 23.9%, in contrast to a 0.2% drop in automotive sales.
As a result of US tariff of 25% to automobile exports (with discounts on US content) and tariffs on some auto parts, this sector has faced greater challenges compared to the rest of Mexican manufacturing.
Thus, the country obtained a deficit of 2,399.5 million dollars in September, which implies a year-on-year increase of 60.9%. But in the accumulated of the first three quarters of the year, the negative balance was 2,927.5 million dollars, with a reduction of 85.0 percent.
Mexican exports have the highest degree of integration of US content, with around 40%, a factor that has favored them in the establishment of tariffs in the administration of the US president, donald trump.
In macroeconomic terms, the growth forecasts of the Mexican GDP for 2025 they show a moderate outlook. Banxico estimates an increase of 0.6%, while the OECD projects 0.8% and the IMF forecasts 1.0%, reflecting caution in the global environment.
With these growth rates, Mexican exports have remained a driving force of the economy, accumulating a growth of 5.7% in the first nine months of the year and totaling 481,642 million dollars.
In September, the value of exports of manufactured products was 52.37 billion dollars, an increase of 15.7% at an annual rate.
The most important advances were observed in exports of machinery and special equipment for various industries (76.2%), mining and metallurgy products (12.1%), electrical and electronic equipment and appliances (9.9%) and professional and scientific equipment (8.9 percent).
For their part, the automotive product exports registered an annual decrease of 0.2%, which derived from a 7.2% decline in sales channeled to the United States and a 51.2% increase in those directed to other markets.
In September 2025, the value of oil exports was 1,667 million dollars. This amount was made up of 1,223 million sales of crude oil and 444 million exports of other petroleum products.
In that month, the average price of the Mexican crude oil export mix stood at 62.45 dollars per barrel, a figure lower by 0.48 dollars than the previous month and 3.70 dollars lower than that of September 2024.
Regarding the volume of crude oil exported, it stood at 653,000 barrels per day, higher than the 594,000 barrels per day in August, although lower than the 699,000 barrels per day in September 2024.
In the ninth month of the current year, the value of the agricultural and fishing exports was 1,291 million dollars, an amount that implied an annual decrease of 14.5 percent.
The most significant reductions were recorded in the beef cattle exports (100.0%)mango (41.1%), onions and garlic (31.0%), tomato (25.2%) and avocado (19.6 percent).
In contrast, the annual increases The most relevant were in the exports of fish, crustaceans and mollusks (33.0%) and edible fruits and nuts (28.3 percent). Extractive exports stood at 1,160 million dollars, with an annual increase of 20.0 percent.
Conversely, imports of consumer goods amounted to 8,814 million dollars, a figure that translated into an annual increase of 5.6 percent. For their part, intermediate use goods were imported for a value of 45,458 million, a level 19.6% higher than that reported in September 2024. Finally, imports of capital goods reached 4,615 million, which implied an annual decrease of 3.2 percent.
