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1h ago

Mexico’s Exports Rise 7.4% in August as Imports Slip, Leaving a $1.94 Billion Deficit

Manufacturing strength plus a jump in extractive shipments offset petroleum and farm weakness despite new U.S. reciprocal tariffs.

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Levantó la economía
Luego de varios meses de estancamiento e incluso retrocesos, la actividad económica mostró un rebote en agosto.
México se ha consolidado como el principal socio comercial de EU, cada vez más arriba de Canadá y China. Foto: Omar Martínez, Cuartoscuro

Overview

  • INEGI reported August goods exports of $55,718.2 million, up 7.4% year over year, versus imports of $57,662.1 million, down 0.2%, for a $1,944 million trade deficit.
  • Non‑petroleum exports rose 8.9% while petroleum exports fell 26.3%, with manufactured shipments up 9.0% to $51,705 million.
  • Automotive exports declined 1.2% year over year, dropping 5.9% to the United States but rising 29.1% to other markets.
  • Extractive exports jumped 41.3% to $1,135 million and agricultural shipments contracted 14.3%, reflecting sharp sectoral divergence.
  • Import details signaled softer investment demand as capital goods fell 7.4% and consumer goods 5.8%, while intermediates rose 1.8%; year to date, exports are up 4.7%, imports up 0.4%, for a cumulative deficit of $528 million.