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Mexico Exports Rise 7.4% in August on Manufacturing Growth as Trade Deficit Hits $1.94 Billion

U.S. tariff shifts alongside weaker oil sales shape Mexico’s August trade profile.

Overview

  • Total exports reached $55.72 billion, led by a 9.0% annual increase in manufactured goods to $51.71 billion and a 41.3% jump in extractive shipments.
  • Imports edged down 0.2% to $57.66 billion, with consumer-goods purchases falling 5.8% and capital-goods imports down 7.4%.
  • Petroleum exports dropped 26.3% to $1.64 billion as the Mexican crude export price averaged $62.93 per barrel and volumes slipped to 594,000 barrels per day.
  • Automotive exports fell 1.2% year over year, with sales to the United States down 5.9% and shipments to other markets up 29.1%.
  • For January–August, exports rose 4.7% to $425.15 billion and the cumulative trade balance registered a $528 million deficit.