Insights for Mexico

MoM insights: In the month-on-month analysis, imports from the United States saw a significant increase of 1.51B, representing a 9.39% rise, making it the highest value change. Vietnam followed with a 740.02M increase (35.33%), and China with 739.64M (8.03%). On the lower end, imports from Spain decreased by 86.92M (-19.58%), Peru by 60.15M (-49.12%), and Turkey by 41.53M (-25.89%). For exports, the United States again led with an 8.34B increase (25.54%), followed by Singapore with 279.12M (425.04%), and Sweden with 229.22M (406.17%). Conversely, exports to Indonesia dropped by 213.55M (-44.65%), Australia by 178.72M (-84.14%), and India by 105.8M (-65.82%). Overall, total exports increased by 8.86B (23.49%) while imports rose by 5.81B (12.45%).

YoY insights: In the year-on-year analysis, imports from Chinese Taipei surged by 5.19B (356.52%), followed by Vietnam with a 1.53B increase (117.01%), and Malaysia with 568.68M (48.17%). On the downside, imports from Canada fell by 119.39M (-13.02%), South Africa by 48.64M (-74.83%), and Costa Rica by 39.14M (-14.11%). For exports, the United States again topped the list with an increase of 11.4B (38.54%), Canada with 418.94M (61.63%), and Indonesia with 258.99M (454.41%). However, exports to South Korea decreased by 68.4M (-20.63%), Saudi Arabia by 33.91M (-46.22%), and India by 31.01M (-36.07%). Overall, total exports increased by 12.91B (38.36%) while imports rose by 8.5B (19.33%).