Mexican Manufacturing Grows 13.5% in June, Driving Trade Surplus

Mexico posted a $514M trade surplus in June 2025 as manufacturing exports grew 13.5% year-over-year, reinforcing the industry’s role as the backbone of international trade.

In June 2025, Mexico recorded a trade surplus of $514 million, largely fueled by the strong performance of the manufacturing industry. Manufacturing exports rose 13.5% year-over-year, reaching $49.68 billion and accounting for over 90% of total exports. This sector continues to be the driving force behind Mexico’s trade balance.

Non-oil Exports Grow 12.4% on Strong Industrial Momentum

Non-oil exports increased by 12.4%, with shipments to the United States — Mexico’s main trading partner — growing 15%. Key performing industries included industrial machinery (55%), scientific and professional equipment (23.4%), mining and metallurgy (19.3%), and electrical and electronic equipment (6.6%). These figures highlight the diversity of Mexico’s industrial ecosystem and its strategic integration into global supply chains.

Of the total exports, $33.36 billion came from non-automotive manufacturing, a segment that grew 18.5% year-over-year. These numbers reflect an increasingly diversified industrial base extending beyond the automotive sector into technology, high-specialization inputs, and electronic components. Automotive exports also posted growth, up 4.5%, supported by strong performance in the U.S. market.

Total imports increased by 4.4% year-over-year in June, amounting to $53.48 billion. Intermediate goods — essential inputs for industrial production — grew 6.9%, indicating robust internal manufacturing activity and strong export demand. Meanwhile, capital goods imports dropped 8.4%, which could signal slower investment in new machinery or equipment upgrades.

Export Industry Strengthens Semiannual Surplus and Boosts Services

During the first half of 2025, Mexico accumulated a trade surplus of $1.43 billion, reversing the $10.91 billion deficit reported in the same period in 2024. Non-oil exports grew 5.9% year-over-year, totaling $301.54 billion, of which $283.02 billion came from manufacturing. These results solidify the export industry as the backbone of Mexico’s international trade.

The sustained growth of export-oriented manufacturing is also energizing the service sector, particularly in logistics, transportation, foreign trade, and specialized professional services. While these activities are not directly reflected in the merchandise trade balance, their impact is evident in the increased efficiency of value chains and the expansion of service companies linked to export manufacturing.