In line with the economic slowdown, Mexico’s foreign trade started 2025 with less dynamism, they revealed data from the National Institute of Statistics and Geography (INEGI).
In January 2025, the value of Mexico’s exports added 44 thousand 446 million dollars, 5.5 percent higher compared to the same month of 2024, but compared to the previous 11 months was the lowest figure since February 2024.
For its part, the value of imports was 49 billion dollars, 5.9 percent higher than January last year. Both growth were below the average of the last three months.
Thus, the balance of the January trade balance registered a deficit for 4,558 million dollars, being the largest since August 2024.
Non -automotive manufacturing exports reported an annual increase of 14.5 percent in January, anticipating possible tariffs, as well as a downward trend in imports of consumer goods (5.6 percent) and capital (8.5 percent), congruent with the economic deceleration of Mexico.
The increase in exports was due to the increase of 8.7 percent in non -oil and a reduction of 40.6 percent in oil companies. Of non -oil exports, those directed to the United States increased 10.6 percent and those channeled to the rest of the world, 0.1 percent.
Non -oil exports to the United States in January represent 83.80 percent and for the rest of the world 16.20 percent.
Imports of consumer goods amounted to 6,743 million dollars, an annual setback of 5.6 percent. This rate originated from a decrease of 8.8 percent in imports of non -oil consumer goods and an increase of 23.1 percent in oil consumer goods (gasoline and gas).
In January 2025 and with unstacted figures, the commercial balance registered a 423 million dollars deficit. Total unstacted exports registered a monthly advance of 0.97 percent. Total goods imports showed a monthly growth of 0.47 percent.