2025 Feb Mexico Global Trade Data Summary: Exports Dip, Surplus Widens

Mexico 2025 Feb Trade Data Key Takeaways

• Market Trend: Mexico trade data shows exports down 3.4% YoY, imports drop 8.2% as tariffs bite, widening surplus to $2.14B.
• Key Driver: Mexico import export data reveals U.S. absorbs 82.9% of exports, while imports diversify across U.S., China, and Asia.
• Strategic Risk: Manufacturing dominance masks reliance on foreign inputs (HS 84, 85) and extreme U.S. export concentration.

Analysis covers 2025 Feb based on sanitized customs records from the yTrade database.

Mexico 2025 Feb Trade Data Trend Overview

• Mexico's manufacturing-driven economy, a key USMCA export hub, posted a mixed February 2025 as its Mexico global trade data reflected global supply chain adjustments and new protectionist policies.
• The latest Mexico import export data shows exports at $49.29B (-3.4% YoY), while imports contracted more sharply to $47.15B (-8.2% YoY), indicating weakened domestic demand and potential inventory drawdowns.
• This resulted in a trade surplus of $2.14B for the month, widening from year-earlier levels as import compression outpaced the decline in outbound shipments.
• The import slump aligns with Mexico's 2025 tariff strategy, which imposed duties of 10–50% on goods from non-FTA countries like China to shield domestic industry [BBVA Research], reducing inbound volumes while export momentum to the U.S. held relatively firm.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Mexico 2025 Feb Top Trading Products

Mexico Global Trade Core Summary

Mexico's trade is heavily driven by manufacturing, with vehicles (HS 87), machinery (HS 84), and electrical equipment (HS 85) making up over 56% of total exports. These high-value sectors show a strong industrial base, while smaller shares like edible vegetables (HS 07) and fruits (HS 08) hint at limited agricultural exports. Imports mirror this structure, with electrical machinery (HS 85) and industrial equipment (HS 84) dominating, suggesting reliance on foreign inputs for production. Key takeaways:

• Manufacturing dominates exports, reducing reliance on raw materials.
• High import dependence for machinery and electrical components.
• Limited diversification beyond top export sectors.

Mexico Export-Import Structural Gap

Mexico exports finished vehicles and machinery but imports similar goods (HS 84, 85, 87), indicating assembly or processing trade. The country also buys more mineral fuels (HS 27) and plastics (HS 39) than it sells, revealing energy and material gaps. This overlap in trade codes suggests Mexico is a manufacturing hub with room to upgrade local supply chains. The structural gap points to reliance on imported inputs for key export industries.

Table: Mexico Top Import & Export Product Categories (Source: yTrade)

Check Detailed Mexico Trade HS Code Breakdown

Mexico 2025 Feb Top Trading Countries

Mexico Global Trade Key Patterns

Mexico's exports are heavily concentrated in the United States, which accounts for 82.9% of total exports ($40.86B). The remaining top destinations—Canada (2.94%), Mainland China (1.23%), South Korea (0.71%), and Japan (0.64%)—are far smaller, showing limited diversification. Imports are more balanced but still rely on the U.S. (40.64%, $19.16B) and Mainland China (20.91%, $9.86B), with smaller contributions from South Korea, Japan, and Vietnam. Key takeaways:

• Export dependence: Over 80% of exports go to the U.S., creating high market concentration risk.
• Import diversity: Top sources are the U.S. and China, but no single supplier dominates as heavily as in exports.
• Regional ties: North America (U.S. and Canada) is central to both exports and imports.

Mexico Export–Import Geographic Gap

Exports are overwhelmingly U.S.-centric, while imports show broader sourcing, including strong Asian supply chains (China, South Korea, Japan, Vietnam). The U.S. is the only major overlap, highlighting a one-way trade reliance rather than processing trade. This suggests Mexico depends on the U.S. as its primary customer but diversifies suppliers for inputs. The structure points to downstream export concentration and upstream import diversification, with Asia playing a key role in supply chains.

Table: Mexico Top Destiantion & Origin Countries (Source: yTrade)

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Frequently Asked Questions

What are the major products exported by Mexico in 2025 Feb?

The top exports in February 2025 were vehicles (HS Code 87, $10.61B, 21.52%), machinery (HS Code 84, $9.05B, 18.35%), and electrical equipment (HS Code 85, $8.19B, 16.62%).

What are the main products Mexico imports in 2025 Feb?

Mexico’s leading imports included electrical machinery (HS Code 85, $9.76B, 20.70%), industrial machinery (HS Code 84, $8.09B, 17.17%), and unspecified goods (HS Code 99, $6.69B, 14.18%).

Which countries are the top destinations for Mexico's exports in 2025 Feb?

The U.S. was the primary export destination ($19.16B, 40.64%), followed by Mainland China ($9.86B, 20.91%) and South Korea ($1.60B, 3.39%).

Which countries supply most of Mexico's imports in 2025 Feb?

The U.S. dominated imports ($40.86B, 82.90%), with minor contributions from Canada ($1.45B, 2.94%) and Mainland China ($605.33M, 1.23%).

How balanced are Mexico's export and import markets in 2025 Feb?

Mexico posted a $2.14B trade surplus, with exports declining 3.4% YoY to $49.29B and imports falling more sharply (-8.2% YoY to $47.15B), partly due to new tariffs on non-FTA goods.