Overview
- U.S. Census data show Mexico sold $48.524 billion to the U.S. in October and posted an $18.949 billion surplus, both the highest on record.
- Through January–October, Mexican shipments to the U.S. reached $447.998 billion with a record $164.816 billion cumulative surplus.
- The overall U.S. trade deficit narrowed 39% in October to about $29.4 billion, helped by lower pharmaceutical imports and a jump in non‑monetary‑gold exports under tariff‑driven adjustments.
- Mexico was the largest market for U.S. goods for a fourth straight month in October, with business groups citing deepening regional supply chains across machinery, electronics, autos and agriculture.
- Banxico reports November non‑oil exports kept growing, led by a 17.7% rise in non‑auto manufacturing versus a 2.1% drop in autos, while officials warn average domestic content near 30% limits broader gains ahead of the USMCA review.