The value of the exports of Mexico increased in annual terms to peaks of all time in March and in the first quarter of 2025 despite the taxation of the United States on a range of Mexican goods.
Data published by the National Statistics Agency Inegi Monday shows that Mexico exports were worth $ 55.52 billion last month, an increase of 9.6% compared to March 2024. A decrease of 2.9% in annual shift in February.
🚨 In March 2025, exports and imports increased to an annual rate, reversing the falls recorded in February. Non -oil exports, which represent 96% of what we export, are recovered by the increase in manufacturing and extraction. pic.twitter.com/hgstek5hw0
– Mexico, how are we going? (@Mexicocomovamos) April 28, 2025
INEGI data also shows that Mexico won $ 149.25 billion in export income in the first three months of 2025, an increase of 4% compared to the first quarter of last year.
The record results of walking and exports of the first quarter came when US President Donald Trump began to implement a range of “America First” protectionist policies, especially 25% Mexican steel prices and aluminum that came into force on March 12.
For two days at the beginning of March, 25% of the prices were in effect for all Mexican products shipped to the United States, but on March 6 Trump has raised tasks on goods in accordance with USMCAA decision that the American president declared that he had taken “as an accommodation and out of respect for the president (Claudia) Sheinbaum”.
“Our relationship was very good, and we work hard, together, on the border, both to prevent illegal foreigners from entering the United States and, in the same way, from stopping fentanyl,” he wrote on social networks at the time.
Mexico ships more than 80% of its exports to the United States and is the best world exporter to the world’s largest economy. Total export incomes in Mexico exceeded $ 600 billion For the first time in a calendar year in 2024, with more than $ 500 billion in this amount Coming from goods sent to the United States
It remains to be seen if Mexico can establish a new export record in 2025, even if the American prices apply to various Mexican products, including lucrative automobile exports.
Operating income is increasing, but the manufacturing sector is always the export power of Mexico
The 9.6% increase in annual shift in export income in March can be partially allocated to the fact that Holy Week dropped in March of last year, while the week preceding Easter Sunday was in April 2025.
Nevertheless, the result is good news for the Mexican export sector at a time when there is considerable uncertainty about the future of its trade relations with the United States.
Inegi’s data show that the lion’s share (90%) of Mexico export revenues in March came from the expedition abroad of manufactured goods. Export profits from the manufacturing sector increased 10% per year last month to 49.99 billion dollars.
The export of agricultural products brought in revenues of $ 2.29 billion in March, a drop of 2.8% compared to the same month of last year, while international oil sales generated a profit of $ 2.17 billion, an increase of 7.1% of one year on the other.
Mining export income jumped 34.1% to $ 1.06 billion, but only represented 1.9% of the total export profits in Mexico last month.
In the first three months of the year, manufacturing exports generated $ 134 billion in income, an increase of 5.5% compared to the first quarter of last year. Automobile exports dropped by 3.9% per year during the period, but unautic manufactured products compensated for this drop by increasing 10.7%.
The value of agricultural exports dropped 1.2% per year in the first quarter to $ 6.64 billion while oil profits plunged from $ 5.9% to $ 5.81 billion.
Mining exports brought back income of $ 2.78 billion between January and March, an increase of 22.6% compared to the first quarter of 2024.
Mexico recorded a surplus of trade in March and quarter
Mexico imported goods worth $ 52.08 billion in March, an increase of 7.1% compared to the same month of last year.
Mexico thus recorded a trade surplus of $ 3.44 billion last month. The INEGI indicated that the surplus was up 72.8% compared to March 2024.
Importance expenses totaled 148.15 billion dollars in the first quarter of the year, an increase of 1.3% in annual shift.
Mexico recorded a surplus of $ 1.09 billion in the first three months of the year, a turnaround compared to its deficit of $ 8.21 billion in 2024.
With reports from The day And The Economist
