Mexico’s product exports increased at an interannual rate of 7.9% in November, to 56,411.9 million dollars, driven by sales of non-oil manufacturing, reported this Tuesday the Inegi.
At the same time, the Mexican imports They totaled 55,749.1 million dollars, an increase of 5.2 percent.
Thus, exports accumulated year-on-year increases in the last six months, imports made three months of progress and Mexico registered a surplus of 662.8 million dollars.
These results were released a week after the United States Trade Representative (USTR) highlighted that Mexico has managed to capture approximately 25% of the reduction in the United States’ bilateral trade deficit with China, demonstrating the important role that Mexico plays in the resilience efforts of the US supply chain.
Within exports, automotive manufacturers decreased 2.1%, while non-automotive exports rose 17.7 percent.
Three facts stood out: External oil sales fell 40.4%agricultural activities decreased 21.4% and extractive activities increased 51.6 percent.
The Mexican government is preparing to begin the joint review of the Treaty between Mexico, the United States and Canada (T-MEC) in January, a region where 86.5% of its world exports are concentrated.
US customs currently applies tariffs of 35% to Canada and 25% to Mexico on products that do not comply with the USMCA due to alleged non-cooperation on fentanyl and migration; 25% on light vehicles to both countries (excluding US content) and 50% on steel, aluminum and copper also to both nations.
For these latter tariffs, the United States establishes as exceptions steel-derived goods whose steel content has been processed in another country from steel melted and poured in the United States, as well as aluminum-derived goods whose aluminum used in their manufacturing has been melted and molded in the United States.
Inside the non-oil exports In November, those directed to the United States grew 8.5% at an annual rate and those channeled to the rest of the world, 20.9 percent.
The value of exports of manufactured products was 52,085 million dollars, which represented an increase of 10.9% at an annual rate. The greatest increases were observed in exports of machinery and special equipment for various industries (75.3%), metal products for domestic use (8.0%) and electrical and electronic equipment and appliances (6.9 percent).
For their part, the automotive product exports recorded an annual decrease of 2.1%. This derived from a 4.8% decline in sales channeled to the United States and a 13.3% increase in those directed to other markets.
In November 2025, the value of oil exports was 1,547 million dollars. This amount was made up of 1,033 million dollars from sales of crude oil and 514 million dollars from exports of other petroleum products.
He average price of mexican mix of export crude oil stood at 57.66 dollars per barrel, a figure lower by 0.84 dollars than the previous month and 8.09 dollars lower than that of November 2024.
In turn, the volume of cexported crude oil stood at 597,000 barrels per daya level lower than the 717,000 barrels per day in October and the 1 million 088,000 barrels per day in November 2024.
In the penultimate month of the current year, the value of the agricultural exports and fishing was 1,436 million dollars, an amount that implied an annual decrease of 21.4 percent.
The biggest falls They were recorded in the exports of citrus fruits (45.9%), tomato (37.9%), avocado (34.1%), cucumber (13.8%) and fresh legumes and vegetables (13.2 percent). In contrast, the most relevant annual increases They were presented in the exports of fresh strawberries (70.5%), as well as melon, watermelon and papaya (23.3 percent).
Extractive exports stood at 1,344 million dollars, with an annual increase of 51.6 percent.
In the first 11 months of 2025, total exports totaled 604,186 million dollars, an annual increase of 6.8 percent.
Regarding product imports in November, there was an increase of 3.6% in imports of non-oil consumer goods and a drop of 3.1% in those of oil consumer goods (gasoline and butane and propane gas).
For their part, intermediate-use goods worth 42,949 million dollars were imported, a level 8.7% higher than that reported in November 2024.
Imports of capital goods reached 4,364 million dollars, which implied an annual decrease of 16.7 percent.
In the January-November period, the accumulated value of total imports was 605,845 million dollars, an amount higher by 3.3% than that observed in the same period of 2024.
