2025 Q1 Mexico Trade Data Summary: Exports Surge

Mexico 2025 Q1 Trade Data Key Takeaways

• Market Trend: Mexico trade data shows exports surged 3.6% YoY in Q1 2025, flipping to a $1B surplus as imports lagged.
• Key Driver: Mexico import export data reveals U.S. dominates 82% of exports, with vehicles (HS 87) leading manufacturing-heavy shipments.
• Strategic Risk: Overdependence on U.S. demand and foreign inputs (HS 84/85) exposes supply chains to shocks.

Analysis covers 2025 Q1 based on sanitized customs records from the yTrade database.

Mexico 2025 Q1 Trade Data Trend Overview

• Mexico, a key North American manufacturing and export hub, posted robust Mexico global trade data for Q1 2025, with momentum building through the quarter.
• Total exports hit $149.3B, accelerating to a 3.6% YoY growth rate by March, while imports reached $148.3B, rising 1.3% YoY; this Mexico import export data reflects strong external demand and resilient domestic consumption.
• The quarter concluded with a marginal trade surplus of $1.0B, a significant shift from the deficit in January, as export growth sharply outpaced imports.
• The Q1 export surge was partly driven by companies frontloading shipments ahead of anticipated tariff increases, a strategic move noted in analysis from [BBVA Research].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Mexico 2025 Q1 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 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) leading, suggesting reliance on foreign components for production. Key takeaways:

• Manufacturing dominates exports, with vehicles as the top product.
• High import dependence for machinery and electrical parts.
• Low diversification, with top 3 exports accounting for over 50% of total.

Mexico Export-Import Structural Gap

Mexico exports and imports similar goods—like vehicles (HS 87) and machinery (HS 84)—indicating a processing trade model where imported parts are assembled and re-exported. However, exports lean more toward finished vehicles, while imports include raw materials like plastics (HS 39) and metals (HS 72/73). This gap highlights Mexico's role as a manufacturing hub but reveals reliance on foreign inputs. The overlap in HS codes suggests opportunities to deepen local supply chains and reduce import dependence.

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

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Mexico 2025 Q1 Top Trading Countries

Mexico Global Trade Key Patterns

Mexico's exports are heavily concentrated, with the United States accounting for 82.14% ($122.60B) of total shipments. Other destinations like Canada (3.07%, $4.58B) and Mainland China (1.39%, $2.07B) are minor by comparison. Imports show more diversity, though the U.S. remains the top source (40.33%, $59.82B), followed by Mainland China (20.46%, $30.35B) and South Korea (3.72%, $5.51B). Key takeaways:

• Exports rely overwhelmingly on the U.S. market.
• Imports are more balanced but still U.S.-centric.
• Asia (China, South Korea, Japan) is a critical import source.
• Regional trade with Canada is modest in both directions.

Mexico Export–Import Geographic Gap

Mexico’s trade structure shows extreme export dependence on the U.S. but moderately diversified imports. While exports are hyper-focused, imports draw from multiple regions, including Asia and North America. The U.S. appears in both top lists, suggesting integrated supply chains. The gap highlights downstream reliance on a single market (exports) versus upstream sourcing flexibility (imports). This imbalance could expose Mexico to U.S. demand shocks.

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 Q1?

Mexico's top exports in Q1 2025 were vehicles (HS Code 87, $32.63B, 21.86%), machinery (HS Code 84, $28.24B, 18.92%), and electrical equipment (HS Code 85, $23.90B, 16.01%), based on the HS code data.

What are the main products Mexico imports in 2025 Q1?

Mexico's leading imports included electrical machinery (HS Code 85, $30.93B, 20.86%), industrial machinery (HS Code 84, $26.33B, 17.75%), and unspecified goods (HS Code 99, $19.67B, 13.26%), per the HS code breakdown.

Which countries are the top destinations for Mexico's exports in 2025 Q1?

The U.S. was Mexico's largest export market ($59.82B, 40.33%), followed by Mainland China ($30.35B, 20.46%) and South Korea ($5.51B, 3.72%), according to the country trade data.

Which countries supply most of Mexico's imports in 2025 Q1?

The U.S. dominated Mexico's imports ($122.60B, 82.14%), with Canada ($4.58B, 3.07%) and Mainland China ($2.07B, 1.39%) as distant secondary sources, per the country trade table.

How balanced are Mexico's export and import markets in 2025 Q1?

Mexico recorded a $1.0B trade surplus in Q1 2025, with exports ($149.3B) growing 3.6% YoY and imports ($148.3B) rising 1.3% YoY, reflecting stronger export momentum, as noted in the trend analysis.

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