FX.co ★ Mexico Trade Deficit Narrows in July

In July 2025, Mexico recorded a trade deficit of $17 million, an improvement from the $18.54 billion deficit a year prior, though it fell short of the expected $300 million surplus. Export activities witnessed a modest growth of 4%, reaching $56.7 billion. This surge was mainly fueled by a 5.2% rise in non-oil sales, despite a 23% decline in oil exports. Imports experienced a slight increase of 1.7%, totaling $56.7 billion. Specifically, imports of consumer goods amounted to $8.7 billion, marking a 0.4% increase. Within this category, non-oil imports grew by 3.4%, while oil-related imports dropped by 13.8%. Imports of intermediate goods rose by 2.5% to $42.9 billion, with non-oil products up by 2.9% and oil-related products down by 3.5%. Meanwhile, capital goods imports decreased by 2.2% to $5.1 billion.