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Mexico's April exports hit a new high, solidifying its trade position with the U.S.
Mexico's April exports increased by 32.6% year-on-year to $72.04 billion, reaching a record high, mainly due to a significant 33.5% rise in non-oil exports. In the first four months of this year, over 83% of non-oil exports were shipped to the United States.
During the same period, imports rose by 24.1% to $67.52 billion, also a record high. Imports of intermediate goods increased by 29.8% to $54.23 billion, these products used for manufacturing and assembly, accounting for nearly 80% of total imports in the first four months, highlighting Mexico's deep integration with North American and global supply chains.
Mexico's trade surplus in April surged significantly to $4.52 billion, far exceeding expectations.