2025 May Mexico Global Trade Data Summary: Surplus Squeeze

Mexico 2025 May Trade Data Key Takeaways

• Market Trend: Mexico trade data shows exports down 0.9% YoY, imports up 1.3%, squeezing surplus to $1.02B amid U.S. tariff fears.
• Key Driver: Mexico import export data reveals manufacturing (HS 84/85/87) dominates, with 60% export share but heavy reliance on imported components.
• Strategic Risk: Over 80% export concentration in U.S. market heightens exposure to North American demand shocks.

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

Mexico 2025 May Trade Data Trend Overview

• Mexico's export-driven manufacturing economy faced shifting global currents in May 2025, with its latest Mexico global trade data revealing a nuanced performance amid escalating protectionist policies.
• The Mexico import export data for the period showed exports of $55.48B, contracting 0.9% year-over-year, while imports grew 1.3% to $54.46B, reflecting both softening external demand and resilient domestic consumption.
• This yielded a modest trade surplus of $1.02B, significantly compressed from historical levels as import growth outpaced export performance.
• The export contraction aligns with industry frontloading ahead of anticipated U.S. tariff actions, while import growth persisted despite new non-FTA tariffs of 10-50% aimed at curbing Chinese competition and boosting local production [BBVA Research].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Mexico 2025 May Top Trading Products

Mexico Global Trade Core Summary

Mexico's trade is heavily driven by manufacturing, with machinery (HS 84), vehicles (HS 87), and electrical equipment (HS 85) dominating exports—together making up over 60% of total export value. Imports follow a similar pattern, with machinery and electrical equipment also leading, suggesting a strong industrial supply chain. However, Mexico imports more raw materials like plastics (HS 39) and metals (HS 72-73), while exports include higher-value finished goods. The trade structure shows moderate concentration, with the top 3 export categories holding significant shares. Key takeaways:

• Manufacturing is the backbone of Mexico’s trade.
• Exports lean toward finished goods, while imports include more inputs.
• Energy (HS 27) is a notable import, reflecting domestic demand.

Mexico Export-Import Structural Gap

Mexico’s trade reveals a balanced but dependent industrial base. Exports of vehicles and machinery suggest advanced manufacturing, yet high imports in the same categories hint at reliance on foreign components. The overlap in HS 84 and 85 trade indicates processing activity, where Mexico assembles imported parts for re-export. The import of fuels (HS 27) and metals highlights resource gaps. This structure points to opportunities in localizing supply chains, especially in metals and plastics, to reduce import dependence.

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

Check Detailed Mexico Trade HS Code Breakdown

Mexico 2025 May Top Trading Countries

Mexico Global Trade Key Patterns

Mexico's exports are heavily concentrated in the United States, which accounts for 82% of total exports ($45.51B). Other destinations like Canada (3.3%, $1.83B) and Mainland China (1.28%, $709M) are minor by comparison. Imports show more diversity, with the U.S. still the top source (38.24%, $20.82B) but followed closely by Mainland China (19.62%, $10.69B) and others like South Korea, Vietnam, and Germany. Key takeaways:

• Export reliance: Over 80% of exports go to the U.S., indicating high dependence.
• Import diversification: No single supplier dominates imports, with the top two (U.S. and China) covering under 60%.
• Regional trade: North America (U.S. and Canada) is central for both exports and imports.

Mexico Export–Import Geographic Gap

Exports are overwhelmingly U.S.-centric, while imports draw from a broader mix of Asian and North American suppliers. The U.S. appears in both top lists, suggesting two-way trade, but Mexico’s export geography is far narrower than its import sourcing. Overlapping partners like China, South Korea, and Germany hint at some processing trade. The structure shows downstream dependence on the U.S. market but upstream diversification in supply chains. This gap highlights vulnerability in export concentration despite resilient import networks.

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 May?

Mexico's top exports in May 2025 were nuclear reactors/boilers/machinery (22.62% of exports), vehicles (22.42%), and electrical machinery (15.64%), accounting for over 60% of total export value.

What are the main products Mexico imports in 2025 May?

Mexico primarily imported nuclear reactors/boilers/machinery (20.54%), electrical machinery (20.31%), and unspecified goods (13.42%), which together represented 54% of total import value.

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

The United States received 38.24% of Mexico's exports, followed by Mainland China (19.62%) and South Korea (3.67%). These three markets accounted for over 60% of export destinations.

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

82.03% of Mexico's imports came from the United States, with Canada (3.30%) and Mainland China (1.28%) as distant secondary suppliers.

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

Mexico maintained a $1.02B trade surplus despite exports contracting 0.9% YoY to $55.48B while imports grew 1.3% to $54.46B, reflecting compressed surplus margins compared to historical levels.