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Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports rose by 15.8% to $56.85 billion, supported by a 17.5% surge in non-oil shipments, even as oil sales fell 24.2%.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports climbed 15.8% to $56.85 billion, buoyed by a 17.5% rise in non-oil shipments, led by mining products, which soared 107.6%, and manufactured goods, up 17.1%. Conversely, overseas sales of oil products plunged by 24.2%. Within non-oil exports, those destined to the United States grew 15.9% year-on-year, while those directed for the rest of the world grew 26.4%.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports rose at a slower 15.8% to $56.85 billion.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports climbed 15.8% to $56.85 billion, buoyed by a 17.5% rise in non-oil shipments, led by mining products, which soared 107.6%, and manufactured goods, up 17.1%. Conversely, overseas sales of oil plunged by 24.2%.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports rose at a slower 15.8% to $56.85 billion.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports climbed 15.8% to $56.85 billion, buoyed by a 17.5% rise in non-oil shipments, led by mining products, which soared 107.6%, and manufactured goods, up 17.1%. Conversely, overseas sales of oil products plunged by 24.2%.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports climbed 15.8% to $56.85 billion, buoyed by a 17.5% rise in non-oil shipments, led by mining products, which soared 107.6%, and manufactured goods, up 17.1%. On the other hand, agricultural exports fell 12.8%, while automotive shipments declined 3.4%, led by an 8.7% drop to the United States. Meanwhile, overseas sales of oil products plunged 24.2%. Overall, non-oil exports continued to perform well, rising 15.9% to the United States and 26.4% to other international markets.
Published on 2026-03-27

Mexico Posts Surprise Trade Deficit in February
Mexico’s trade balance swung to a $0.46 billion deficit in February 2026, reversing last year’s $1.65 billion surplus and defying analysts’ expectation of a $1.2 billion surplus. Imports soared 20.8% year-on-year to $57.31 billion, as 22.6% jump in purchases of non-oil goods more than offset a 1.4% decline in oil imports. In particular, increases were seen for intermediate goods (29.5%) and consumer goods (5.5%). Meanwhile, exports climbed 15.8% to $56.85 billion, buoyed by a 17.5% rise in non-oil shipments, led by mining products, which soared 107.6%, and manufactured goods, up 17.1%. Conversely, oil sales fell 24.2%.
Published on 2026-03-27

Mexico Trade Gap Surges Past Forecasts
Mexico posted a trade deficit of $6.48 billion in January 2026, compared to $5.21 billion a year earlier and well above forecasts of $2.20 billion. Merchandise imports totaled $54.49 billion, up 9.8% year-over-year, driven primarily by intermediate goods at $43.12 billion (14.2%), particularly strong growth in non-petroleum intermediates (16.5%). Capital goods imports fell 4.4% to $4.38 billion, while consumer goods imports declined 3.8% to $6.99 billion, largely due to a sharp drop in petroleum consumer goods (-35.2%). Merchandise exports reached $48.01 billion, up 8.1% year-over-year, as non-oil exports rose 9.8%, offsetting a 33.5% decline in oil exports. Non-oil exports to the US increased 7.9%, while those to the rest of the world surged 19.6%. Manufactured goods exports climbed 9.4% to $43.51 billion, though automotive exports fell 9.0% due to a 16.7% drop in US shipments. Agricultural and fishing exports totaled $1.85 billion, down 11.6%.
Published on 2026-02-27

Mexico Posts Record High Trade Deficit
Mexico posted a trade deficit of $6.48 billion in January 2026, a record high, widening from $5.21 billion a year earlier and well above forecasts of $2.20 billion. Merchandise imports totaled $54.49 billion, up 9.8% year-over-year, driven primarily by intermediate goods at $43.12 billion (14.2%), particularly strong growth in non-petroleum intermediates (16.5%). Capital goods imports fell 4.4% to $4.38 billion, while consumer goods imports declined 3.8% to $6.99 billion, largely due to a sharp drop in petroleum consumer goods (-35.2%). Merchandise exports reached $48.01 billion, up 8.1% year-over-year, as non-oil exports rose 9.8%, offsetting a 33.5% decline in oil exports. Non-oil exports to the US increased 7.9%, while those to the rest of the world surged 19.6%. Manufactured goods exports climbed 9.4% to $43.51 billion, though automotive exports fell 9.0% due to a 16.7% drop in US shipments. Agricultural and fishing exports totaled $1.85 billion, down 11.6%.
Published on 2026-02-27

Mexico Trade Surplus Widens in December
Mexico posted a $2.43 billion trade surplus in December 2025, up from $1.85 billion a year earlier but slightly below forecasts of $2.50 billion. Exports rose 17.2% year on year to $60.65 billion, driven by a 20.6% increase in manufactured goods shipments. In contrast, oil exports plunged 32.9%, while agricultural and fishing exports fell 12.7%. Merchandise imports totaled $58.22 billion, marking a 16.7% annual increase. Consumer goods imports surged 25.3%, intermediate goods rose 17.3%, and capital goods edged down 0.6%. For full-year 2025, Mexico recorded a $0.77 billion trade surplus, swinging from an $18.54 billion deficit in 2024.
Published on 2026-01-27

Mexico Records Trade Surplus for 2nd Month
Mexico posted a $0.6 billion trade surplus in November of 2025, swinging from the $0.7 billion deficit from the corresponding period of the previous year and loosely in line with expectations of a $0.5 billion. Exports expanded by 7.9% annually to $56.4 billion. Sales grew for manufacturing (10.9% to $52.1 billion amid a sharp increase in non-auto manufacturing exports (17.7% to $36.3 billion) and a surge in extractive goods (51.6% to $1.3 billion), supported by the surge in silver prices. These offset the 2.1% drop (to $15.8 billion) for auto exports, pressured by the tariffs on the sector from top destination United States, which fell by 4.8%. Still, exports to the US, which account for 83% of sales, grew 8.5% annually. Meanwhile, imports rose 5.2% to $55.7 billion, as gains for intermediate goods (8.7% to $42.9 billion) offset a decline for capital goods (-16.7% to $4.4 billion).
Published on 2025-12-23

Mexico Records Trade Surplus for 2nd Month
Mexico posted a $0.6 billion trade surplus in November of 2025, swinging from the $0.7 billion deficit from the corresponding period of the previous year and loosely in line with expectations of a $0.5 billion. Exports expanded by 7.9% annually to $56.4 billion. Sales grew for manufacturing (10.9% to $52.1 billion amid a sharp increase in non-auto manufacturing exports (17.7% to $36.3 billion) and a surge in extractive goods (51.6% to $1.3 billion), supported by the surge in silver prices. These offset the 2.1% drop (to $15.8 billion) for auto exports, pressured by the tariffs on the sector from top destination United States, which fell by 4.8%. Still, exports to the US, which account for 83% of sales, grew 8.5% annually. Meanwhile, imports rose 5.2% to $55.7 billion, as gains for intermediate goods (8.7% to $42.9 billion) offset a decline for capital goods (-16.7% to $4.4 billion).
Published on 2025-12-23

Mexico Trade Balance Turns to Surplus in October
Mexico posted a $0.6 billion trade surplus in October 2025, the first since June and the largest since May, beating the $0.4 billion deficit expected by markets and the $0.2 billion gap from a year earlier. Exports rose 14.2% year-on-year to $66.1 billion. Non-oil extractive industries showed the strongest increase, up 18.6% to $1.28 billion, while manufacturing climbed 17.4% to $61.6 billion. Oil sales fell 29.8% to $1.8 billion, agriculture and animal products 19.5% to $1.4 billion, and vehicles 14% to $16.1 billion. Imports advanced 12.8% to $65.5 billion, led by intermediate goods, up 15.7% to $50.6 billion. Purchases of non-oil merchandise rose 13.9% to $61.6 billion, and consumer goods 10.7% to $9.9 billion. Oil product inflows dropped 2.6% to $3.9 billion, and capital goods 7.4% to $5.0 billion. Year-to-date, the country posted a $2.3 billion deficit, down 88.2% from the same period in 2024.
Published on 2025-11-27

Mexico Trade Gap Exceeds Forecasts in September
Mexico recorded a $2.4 billion trade deficit in September 2025, widening from $1.5 billion a year earlier and exceeding market forecasts of $1.3 billion gap to mark the widest deficit since the start of the year. Imports surged 15.2% from the previous year to $58.9 billion amid a 19.6% jump in intermediate goods to $45.5 billion. Consumer goods imports rose 5.6% to $8.8 billion, while capital goods purchases fell 3.2% to $4.6 billion. In the meantime, exports increased 13.8% to $56.5 billion, as extractive industry shipments rose to $1.2 billion. Manufacturing exports grew 15.7% to $52.4 billion, offsetting declines in agriculture (-14.5% to $1.3 billion) and oil (-11.8% to $1.7 billion). Exports to the US were 12.4% higher despite the higher tariffs on Mexican goods, which contributed to a 7.2% drop in auto exports. Consequently, auto exports to the rest of the world soared by 51.2%.
Published on 2025-10-27

Mexico Trade Gap Exceeds Forecasts in September
Mexico recorded a $2.4 billion trade deficit in September 2025, the highest this year and above $1.5 billion gap a year earlier and market forecasts of $1.3 billion gap. Imports surged 15.2% from the previous year to $58.9 billion amid a 19.6% jump in intermediate goods to $45.5 billion. Consumer goods imports rose 5.6% to $8.8 billion, while capital goods purchases fell 3.2% to $4.6 billion. In the meantime, exports increased 13.8% to $56.5 billion, as extractive industry shipments rose to $1.2 billion. Manufacturing exports grew 15.7% to $52.4 billion, offsetting declines in agriculture (-14.5% to $1.3 billion) and oil (-11.8% to $1.7 billion). Exports to the US were 12.4% higher despite the higher tariffs on Mexican goods and a 7.2% drop in auto exports. Consequently, auto exports to the rest of the world soared by 51.2%.
Published on 2025-10-27

Mexico Trade Gap Exceeds Forecasts in September
Mexico recorded a $2.4 billion trade deficit in September 2025, the highest this year and above $1.5 billion gap a year earlier and market forecasts of $1.3 billion gap. Imports surged 15.2% from the previous year to $58.9 billion amid a 19.6% jump in intermediate goods to $45.5 billion. Consumer goods imports rose 5.6% to $8.8 billion, while capital goods purchases fell 3.2% to $4.6 billion. In the meantime, exports increased 13.8% to $56.5 billion, as extractive industry shipments rose to $1.2 billion. Manufacturing exports grew 15.7% to $52.4 billion, offsetting declines in agriculture (-14.5% to $1.3 billion) and oil (-11.8% to $1.7 billion). Exports to the US were 12.4% higher despite the higher tariffs on Mexican goods and a 7.2% drop in auto exports. Consequently, auto exports to the rest of the world soared by 51.2%.
Published on 2025-10-27

Mexico Trade Deficit Narrows in August
Mexico posted a $1.94 billion trade deficit in August 2025, narrowing from a $2.12 billion gap a year earlier but above market forecasts of $1.2 billion. Exports rose 7.4% year-on-year to $55.7 billion, driven by an 8.9% increase in non-oil shipments, while oil exports fell 26.3%. Manufactured exports climbed 9% to $51.7 billion, led by machinery and specialized equipment (69.3%). Extractive exports surged 41.3% to $1.1 billion. In contrast, agricultural exports fell 14.3% to $1.2 billion, with sharp drops in tomatoes (–26.9%) and chickpeas (–23.8%). Imports edged down 0.2% to $57.7 billion, with capital goods down 7.4% and consumption goods down 5.8%, reflecting steep declines in oil-related products. Intermediate goods imports rose 1.8%, supported by a 2.3% increase in non-oil goods.
Published on 2025-09-26

Mexico Trade Deficit Narrows in August
Mexico posted a $1.94 billion trade deficit in August 2025, narrowing from a $2.12 billion gap a year earlier but above market forecasts of $1.2 billion. Exports rose 7.4% year-on-year to $55.7 billion, driven by an 8.9% increase in non-oil shipments, while oil exports fell 26.3%. Manufactured exports climbed 9% to $51.7 billion, led by machinery and specialized equipment (69.3%). Extractive exports surged 41.3% to $1.1 billion. In contrast, agricultural exports fell 14.3% to $1.2 billion, with sharp drops in tomatoes (–26.9%) and chickpeas (–23.8%). Imports edged down 0.2% to $57.7 billion, with capital goods down 7.4% and consumption goods down 5.8%, reflecting steep declines in oil-related products. Intermediate goods imports rose 1.8%, supported by a 2.3% increase in non-oil goods.
Published on 2025-09-26

Mexico Weighs Higher Tariffs on China
Mexico plans to raise tariffs on Chinese goods in its 2026 budget proposal, aiming to shield local businesses from cheap imports and respond to a long-standing request from U.S. President Donald Trump, Bloomberg News reported Wednesday. The hikes, which could cover cars, textiles, and plastics, are also expected to hit other Asian countries. While details remain unclear and subject to change, the draft proposal from President Claudia Sheinbaum’s administration is due to Congress by Sept. 8. The move follows U.S. pressure earlier this year for Mexico to align with its own duties on China. Mexican officials have since floated a “Fortress North America” strategy to curb Chinese shipments while strengthening U.S.-Mexico-Canada trade ties, an idea welcomed by U.S. Treasury Secretary Scott Bessent. Higher tariffs would also help boost revenue as Sheinbaum seeks to narrow Mexico’s budget deficit, which swelled to its widest since the 1980s in 2024.
Published on 2025-08-27