Overview of Mexico’s Export Performance to the US in April 2025
In April 2025, Mexico’s share in US imports of goods fell to 15.1% from 15.9% in April 2024, according to the US Census Bureau. This decrease was due to a 2.7% drop in Mexican exports to the US, totaling $41,869 million, while global imports into the US increased by 1.9% to $276,086 million.
Key Exporting Countries in April 2025
- Taiwan: Experienced a 60.7% increase, reaching $14,613 million.
- Vietnam: Showed a 47.8% growth, totaling $14,850 million.
- Switzerland: Grew by 41.0% to $6,172 million.
- Japan: Increased by 6.3% to $13,546 million.
Declining Exporters to the US Market
- Germany: Declined by 8.2% to $13,169 million.
- South Korea: Dropped by 15.4% to $9,849 million.
Mexico’s Dominance in US Trade and Impact of Tariffs
Despite the decline, Mexico remained the leading supplier of products to the US market in April 2025, being the top export destination and primary trading partner for the US. Mexico’s market share in US imports of goods fell from 15.9% in April 2024 to 15.1% in April 2025.
US Imports from Mexico
US imports of goods from Mexico decreased by 5.2% annually in April to $27,846 million.
Comparative Analysis with Other Major Exporters
Mexico outperformed its closest competitors, Canada and China. Canadian exports to the US fell 19.7%, while Chinese exports dropped by 14.4%. Mexico surpassed Canada as the largest recipient of US exports for the second time in 2025.
Trade Balance and Tariff Implications
Mexico’s trade surplus with the US grew by 2.8% to $14,023 million in April 2025 amid protectionist measures by US President Donald Trump. Meanwhile, Canada’s trade surplus decreased by 39.0%, and China’s surplus dropped by 14.3%.
Tariff Developments in April 2025
President Trump implemented a global minimum tariff of 10% and higher tariffs (up to 50%) for specific countries. He increased the rate on goods from China from 34% to 84%, effective April 9, and further raised it to 125% the next day.
- Temporary Suspension: Trump announced a 90-day suspension of country-specific tariffs (excluding China) while maintaining the 10% rate for most countries.
- China Trade Agreement: The US and China reached an agreement to reduce tariffs by 90 days, with Trump subsequently lowering the tariff rate on China from 125% to 10% for a 90-day period.
- Legal Challenges: The US International Trade Commission and a federal court rejected the President’s use of emergency powers to impose tariffs, which were appealed by the Trump administration.
