The annual decline in automotive exports was the result of a 10.7% drop in sales to the United States and a 40.2% drop in sales to other markets.
Mexican exports of goods fell 2.9% year-on-year in February, to $49.2797 billion, INEGI reported Thursday.
This result was primarily negatively affected by declines in external sales of automotive and oil products, partially offset by increases in non-automotive extractive and manufacturing exports.
At the same time, Mexican imports of goods fell 8.3% in February, to $47.067 billion. Consequently, Mexico posted a deficit of $2.2124 billion.
Exports of manufactured goods totaled $44.24 billion, representing a year-over-year decline of 1.8 percent.
The most significant reductions were observed in exports of automotive products (15.2%), textile products, clothing and leather goods (14.4%), steel products (7.0%) and chemical products (6.1%).
In particular, the annual decline in automotive exports was the result of a 10.7% drop in sales to the United States and a 40.2% drop in sales to other markets.
In February 2025, the value of oil exports totaled $1.988 billion. This amount was comprised of $1.452 billion in crude oil sales and $536 million in exports of other petroleum products.
In that month, the average price of the Mexican crude oil blend for export stood at $68.99 per barrel, $1.42 higher than the previous month, but $2.69 lower than in February 2024.
Regarding the volume of crude oil exported, it stood at 752,000 barrels per day, higher than the 573,000 barrels per day recorded in January, although lower than the 957,000 barrels per day recorded in February 2024.
In the second month of 2025, the value of agricultural and fishery exports was $2.18 billion, representing a year-on-year decrease of 6.1 percent.
The largest declines were recorded in exports of cattle (73.2%), fresh vegetables and legumes (18.6%), fresh strawberries (16.8%), tomatoes (16.7%) and edible fruits and nuts (6.5%).
In contrast, the most significant annual increases were seen in exports of frozen shrimp (75.5%) and avocado (34.0 percent).
Extractive exports reached $872 million, an annual increase of 17.4 percent.
Conversely, imports of consumer goods totaled $6.427 billion, a figure that translated into an annual decrease of 10.1 percent. This rate resulted from a 9.6% decrease in imports of non-petroleum consumer goods and a 13.4% decrease in imports of petroleum consumer goods (gasoline, butane, and propane).
Meanwhile, intermediate goods worth $36.266 billion were imported, a level 7.5% lower than that reported in February 2024.
This figure, in turn, was due to an 8.0% drop in imports of non-petroleum intermediate-use products and a 0.6% increase in imports of petroleum intermediate-use goods.
In the reference month, imports of capital goods reached $4.374 billion, an annual decrease of 11.9 percent.
