Mexico August Exports Rise 7.4% Amid $1.94B Trade Deficit

Mexico's exports in August 2025 increased by 7.4% year-on-year to $55.7 billion, driven primarily by manufactured goods, despite a 1.94 billion dollar trade deficit that widened due to declines in non-oil and oil surpluses. Exports to the U.S., Mexico's largest trading partner, rose 7.4%, with significant growth in machinery and specialized equipment, while oil exports fell 26.3% due to lower prices and volumes. Meanwhile, Mexico's cumulative trade deficit from January to August 2025 improved dramatically to $528 million from $17.98 billion in the same period in 2024. In contrast, the U.S. trade deficit in goods shrank sharply by 16.8% to $85.5 billion in August, aided by a $19.6 billion drop in imports, despite a slight decline in exports. President Trump’s tariffs have contributed to fluctuations in U.S. goods imports this year, influencing economic growth rates, with the third-quarter GDP growth estimated around 2.5%. This contraction in the trade deficit has been a key factor in the U.S. economy's momentum, which grew at a 3.8% pace in the second quarter.