FX.co ★ Mexico's Trade Balance Swings to Deficit in November

In a surprising turn of events, Mexico's trade balance has swung to a deficit in November 2025, recording a value of -0.274 billion USD, according to freshly updated data as of December 23, 2025. This is a significant shift from the previous month, where a trade surplus of 1.411 billion USD was noted in October 2025.

The November figures mark the first time this fiscal year that Mexico has posted a trade deficit, highlighting the dynamic and often volatile nature of international trade. Analysts suggest that the reversal could be attributed to various factors, including fluctuating global market conditions, changes in export demand, and potential shifts in domestic production capabilities.

As Mexico navigates this economic pivot, stakeholders across different sectors are keenly observing how government policies and international trade agreements might evolve to restore balance and ensure economic stability in the months to come. The forthcoming economic reports will be crucial to understanding the undercurrents affecting Mexico’s trade dynamics.