Mexico Posts Record U.S. Trade Surplus as October Exports Reach $48.5 Billion

Fresh U.S. Census data arrive days before the T-MEC review, putting North American supply-chain ties under the spotlight.

Overview

Mexico’s goods exports to the United States rose 6.7% year over year in October 2025 to $48.524 billion, while imports from the U.S. were $29.575 billion, producing a record $18.949 billion surplus.
In the January–October 2025 period, Mexican shipments to the U.S. totaled $447.998 billion and the bilateral surplus reached a record $164.816 billion.
Mexico was the top destination for U.S. goods for a fourth straight month in October, though Canada held a narrow year-to-date lead of $665 million in U.S. export receipts.
Mexico’s business council CCE highlighted deep regional integration across machinery, vehicles and parts, electronics, medical devices, steel, energy and farm products, stressing Mexico’s central role in U.S. food supply.
Mexican outlets report U.S. authorities are applying tariffs on non‑T-MEC‑compliant goods, certain light vehicles, and steel, aluminum and copper under national-security policies.