Overview

• Mexico exported $55.718 billion in goods in August, up 7.4% year over year, according to INEGI.
• Imports edged down 0.2% to $57.662 billion, leaving a monthly goods deficit of about $1.944 billion after a small surplus in July.
• Manufactured exports rose 9.0% to $51.705 billion and extractive shipments jumped 41.3%, while petroleum exports fell 26.3% to roughly $1.638 billion and agricultural exports declined 14.3%.
• Within non‑oil trade, exports to the United States increased 7.4% and shipments to other destinations climbed 16.8%; automotive exports slipped 1.2% as U.S.-bound sales fell 5.9% but rose 29.1% to other markets.
• U.S. reciprocal tariffs began in early August with a 90‑day postponement on a planned Mexico increase, injecting policy uncertainty as exporters diversify destinations and investment signals soften with a 7.4% drop in capital‑goods imports.