Mexico Exports Surge 10.6% in June 2025, Powered by Manufacturing Boom

Mexico’s industrial engine roared back to life in June, propelling exports to their strongest growth in months and signaling a robust recovery for North America’s second-largest economy. Fresh data released by the National Institute of Statistics and Geography (INEGI) reveals a striking 10.6% year-over-year surge in Mexico exports, hitting $54 billion – the highest growth rate since late 2024.

mexico exports

Manufacturing Boom Fuels Record Growth

The undeniable driver behind this impressive performance was the manufacturing sector. Manufactured goods exports soared by 13.5%, contributing nearly $50 billion to the total. Within this sector, industrial equipment exports exploded by a staggering 55%, showcasing significant industrial muscle. Exports of professional and scientific instruments also surged impressively by 23.4%, while metals and minerals climbed 19.3%. This broad-based strength underscores Mexico’s pivotal role in global supply chains, particularly for complex industrial goods.

“The manufacturing sector is the cornerstone of Mexico’s external trade,” noted an economist familiar with the INEGI report. “This level of growth, especially in high-value segments like industrial equipment and instruments, reflects deep integration with global markets and resilient demand.”

US Demand Drives Trade Transformation

Mexico’s vital automotive sector posted a more moderate gain of 4.5%. While facing headwinds in some markets, a crucial 6% increase in exports to the United States provided essential support. This highlights the enduring importance of the US market, which absorbed a dominant 84% of Mexico’s non-oil exports in June. Overall demand from the US surged by 15%.

This intense trade relationship has fundamentally reshaped Mexico’s trade balance. Driven by surging non-oil exports (up 12.4% in June), Mexico has transformed an early 2024 deficit of $10.9 billion into a notable surplus of $1.43 billion for the first half of 2025. This shift away from oil dependency is starkly illustrated by the continued steep decline in oil exports, which plummeted 30.4% in June.

Shifting Landscape and Cautious Optimism

The first half of 2025 paints a picture of steady expansion. Total exports grew 4.4% to $312.7 billion, propelled entirely by a 5.9% rise in non-oil exports, which managed to offset a significant 24.8% contraction in oil exports. Imports in June rose modestly by 4.4% to $53.49 billion, with intermediate goods (like parts and materials) up 6.9%, while capital goods purchases (machinery, equipment) fell 8.4%.

Mexico’s latest export figures paint a picture of an industrial economy regaining significant momentum, deeply intertwined with its northern neighbor. The manufacturing resurgence, particularly in high-growth sectors, offers substantial optimism. However, challenges linger. The steep oil export decline underscores the ongoing transition, and the automotive sector’s caution, fueled by persistent uncertainty surrounding future U.S. trade policies, highlights a key vulnerability. Sustaining this growth trajectory will require navigating these complexities while continuing to leverage the powerhouse manufacturing base driving the current surge.

Must Know

• What drove Mexico’s export growth in June 2025?
  The primary driver was a booming manufacturing sector. Exports of manufactured goods surged 13.5%, reaching nearly $50 billion. Industrial equipment exports exploded by 55%, and professional/scientific instruments grew by 23.4%. Non-oil exports overall rose 12.4%.
• How important is the US market for Mexico exports?
  The United States is overwhelmingly Mexico’s largest trading partner. In June 2025, it absorbed 84% of Mexico’s non-oil exports. Demand from the US jumped 15% year-over-year, significantly contributing to Mexico’s overall export surge and helping turn a previous trade deficit into a surplus.
• What happened to Mexico’s oil exports?
  Mexico’s oil exports continued a steep decline, falling 30.4% in June 2025 compared to the previous year. This sharp drop highlights the country’s ongoing shift away from oil dependency towards a manufacturing and non-oil export-led economy.
• What was Mexico’s overall trade balance for the first half of 2025?
  Driven by strong non-oil exports, particularly to the US, Mexico achieved a trade surplus of $1.43 billion for the first six months of 2025. This marks a significant turnaround from a deficit of $10.9 billion recorded in early 2024.
• Is the automotive sector performing well?
  Mexico’s automotive exports showed moderate growth of 4.5% in June. This was largely sustained by a 6% increase in exports to the United States, offsetting declines in other markets. The sector remains cautiously optimistic but cites ongoing uncertainty about US trade relations as a concern.
• What does this mean for Mexico’s economy?
  The strong June export figures, particularly the robust manufacturing performance, signal a significant recovery and renewed strength in Mexico’s industrial base. It reflects deep integration into North American supply chains. However, challenges remain, including the steep decline in oil revenue and vulnerability to shifts in US trade policy.