Mexican exports to the United States increased by 5.6% year-on-year in May, demonstrating a strong recovery after an unusual decline in April, according to data from the U.S. Trade Office. This rebound occurred despite earlier market uncertainties caused by new and threatened tariffs from the U.S. administration in March. By May, companies had largely adjusted to new trade conditions, while Mexican officials actively worked to negotiate tariff issues and reassure investors.
Despite the implementation of various tariffs by U.S. President Donald Trump in the same year, Mexico retains its position as America’s leading trade partner. In May, the trade between the two nations amounted to US $74.5 billion, with Mexico accounting for 16.2% of global U.S. trade.
The trade balance continues to favor Mexico, with Mexican exports to the U.S. reaching $46.3 billion compared to U.S. exports to Mexico at $28.2 billion. This results in an $18.2 billion trade deficit for the U.S., the largest with any of its trading partners.
According to Mexico’s National Institute of Statistics and Geography (INEGI), the country’s total exports rose by 3.6% year-on-year in the first quarter of 2025, reaching $133.625 billion. Border states led the export activity, with Chihuahua contributing 16% of the national total, followed by Coahuila (11.8%), Nuevo León (9.9%), Baja California (9.4%), Tamaulipas (6.4%), and Jalisco (6.3%).
The states showing the most significant growth in export value were:
- Yucatán (29.3%)
- Chihuahua (27.5%)
- Colima (26.9%)
- Zacatecas (25.8%)
- Jalisco (25.0%)
Following Mexico, Canada and China are the second and third largest exporters to the U.S., contributing 12.5% and 5.9% of total U.S. imports, respectively.
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