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Mexico Exports Rise 7.4% in August as Trade Gap Reaches $1.94 Billion

Non‑petroleum strength points to T‑MEC‑compliant manufacturing gaining from U.S. tariff shifts.

Overview

  • In August, exports totaled $55,718.2 million, with manufactured goods at $51,705 million (+9.0%) and extractive shipments up 41.3%, while agricultural exports fell 14.3%, according to Inegi.
  • Petroleum exports dropped 26.3% to $1,637.9 million as crude export volume slipped to 594,000 barrels per day and the average export blend price was $62.93 per barrel.
  • Imports edged down 0.2% to $57,662.1 million, led by declines in capital goods (−7.4%) and consumer goods (−5.8%), partly offset by higher intermediate goods purchases (+1.8%).
  • Non‑petroleum exports increased 8.9% to $54,080.3 million, with sales to the United States up 7.4% and shipments to other markets advancing 16.8%.
  • For January–August, exports reached $425,154.1 million (+4.7%) and imports $425,682.1 million (+0.4%), leaving a year‑to‑date deficit of $528 million.