Overview
- Census data show Mexican goods exports to the United States rose 5.6% in January–November 2025 to $492.513 billion, while U.S. shipments to Mexico edged up 0.1% to $309.799 billion.
- In November, Mexico’s exports to the U.S. fell to $44.516 billion, down 8.3% from October, and Mexican imports from the U.S. were $26.617 billion, a 1.2% year‑on‑year decline for the month.
- Mexico posted a cumulative U.S. trade surplus of $182.714 billion through November, including a $17.899 billion surplus in November alone.
- Mexico held a 15.6% share of U.S. trade through the first eleven months of 2025, remaining the leading supplier ahead of Canada and China.
- U.S. customs are reported to be applying tariffs tied to alleged T‑MEC non‑compliance and higher duties on vehicles and metals, and analysts note Mexico’s average effective tariff burden was 3.54% in Jan–Oct 2025 versus China’s 32.0% as the T‑MEC review moves toward key decisions by July 1, 2026.