Despite Mexico’s imposition of additional tariffs on trading partners that have not signed free trade agreements (FTAs) with the country, Mexico’s imports from China hit an all-time high in the first quarter of 2026, surpassing the USD 30 billion mark for the second consecutive year.
According to a report released by Mexican media outlet OEM on May 25, 2026 data from the Bank of Mexico (Banxico) shows that Mexico’s imports from China grew by 4.43% year-on-year in the first quarter of this year, reaching USD 31.69 billion and setting a new historical high for the same period.
Effective January 1, 2026, Mexico has imposed additional tariffs ranging from 5% to 50% on more than 1,400 tariff lines of products from countries and regions that have not signed FTAs with it, and China falls within the scope of this tariff adjustment.
Data shows that in recent years, Mexico’s monthly imports from China have fluctuated between USD 9.5 billion and USD 11.5 billion, showing obvious seasonal characteristics: imports are usually high in January and then gradually stabilize. From 2023 to 2024, Mexico’s imports from China increased significantly, with an average annual growth rate of nearly 14%; the growth slowed down in 2025, showing a moderate trend.
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