FX.co ★ Mexico Trade Balance Turns to Surplus in October

In October 2025, Mexico recorded a trade surplus of $0.6 billion, marking the first surplus since June and the most significant since May. This figure exceeded market expectations, which anticipated a $0.4 billion deficit, and notably improved from a $0.2 billion gap observed a year ago. Export values surged by 14.2% compared to the previous year, reaching $66.1 billion. The non-oil extractive industries experienced the highest growth, increasing by 18.6% to $1.28 billion. The manufacturing sector followed closely with a 17.4% rise, amounting to $61.6 billion. In contrast, oil sales declined by 29.8% to $1.8 billion, agricultural and animal product exports fell by 19.5% to $1.4 billion, and vehicle exports dropped 14% to $16.1 billion. On the import side, there was a 12.8% increase to $65.5 billion, primarily driven by intermediate goods, which grew by 15.7% to $50.6 billion. Non-oil merchandise imports increased by 13.9% to $61.6 billion, while consumer goods imports rose 10.7% to $9.9 billion. Imports of oil products decreased by 2.6% to $3.9 billion, and capital goods saw a 7.4% reduction to $5.0 billion. Cumulatively, for the year so far, Mexico's trade deficit stands at $2.3 billion, a significant reduction of 88.2% compared to the same period in 2024.