Mexico’s trade balance posted a deficit of $848 million in July 2026, compared with a $80.9 million deficit a year earlier, marking the largest gap since January. Imports rose 45% year-on-year to $82.27 billion, led by a 56.3% increase in intermediate goods. This reflected increases of 57.7% in non-oil intermediate goods imports and 36.3% in oil intermediate goods imports. Imports of capital goods rose 9.9%, while consumer goods imports increased 9.8%, driven by a 50.4% rise in oil consumer goods, including gasoline and butane and propane gas. Exports rose 43.7% to $81.42 billion, reflecting growth of 45% in non-oil exports and 6.8% in oil exports. Within non-oil exports, shipments to the US increased 49.8%, while exports to other markets rose 21%. In the first seven months of 2026, the merchandise trade balance posted a surplus of $9.25 billion. source: Instituto Nacional de Estadística y Geografía (INEGI)

Mexico recorded a trade deficit of 848 USD Million in July of 2026. Balance of Trade in Mexico averaged -274.63 USD Million from 1980 until 2026, reaching an all time high of 6274.69 USD Million in December of 2020 and a record low of -6481.00 USD Million in January of 2026. This page provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mexico Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Mexico recorded a trade deficit of 848 USD Million in July of 2026. Balance of Trade in Mexico is expected to be 2500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Balance of Trade is projected to trend around 5950.00 USD Million in 2027 and 4000.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-27 12:00 PM
Balance of Trade
Jun $4.090B $2.259B $2.28B $2.4B
2026-08-27 12:00 PM
Balance of Trade
Jul $-0.848B $4.06B $3.0B
2026-09-28 12:00 PM
Balance of Trade
Aug $-0.848B


Related Last Previous Unit Reference
Auto Exports YoY 300.48 261.53 Thousand Units Aug 2026
Balance of Trade -848.00 4060.00 USD Million Jul 2026
Exports 81420.02 72520.65 USD Million Jul 2026
Imports 82267.60 68461.10 USD Million Jul 2026
Non Oil Exports 79432.10 70429.50 USD Million Jul 2026
Oil Exports 1987.90 2091.15 USD Million Jul 2026


Mexico Balance of Trade
Mexico's main exports are manufactured products (88 percent of total shipments) , followed by oil and oil products (7 percent), the agricultural sector with (4 percent). Main imports are: metallic products, machinery and equipment (59 percent of total purchases), oil products (12 percent) and agricultural goods (3 percent). The country's top trading partner is the United States (72 percent of total exports and 38 percent of total imports). Others include: China, Japan and Germany. In 2022, trade between Mexico and the United States reached USD 738 billion, with Mexico posting a surplus of near USD 208 billion.
Actual Previous Highest Lowest Dates Unit Frequency
-848.00 4060.00 6274.69 -6481.00 1980 - 2026 USD Million Monthly
NSA

News Stream
Mexico Trade Deficit Widens in July
Mexico’s trade balance posted a deficit of $848 million in July 2026, compared with a $80.9 million deficit a year earlier, marking the largest gap since January. Imports rose 45% year-on-year to $82.27 billion, led by a 56.3% increase in intermediate goods. This reflected increases of 57.7% in non-oil intermediate goods imports and 36.3% in oil intermediate goods imports. Imports of capital goods rose 9.9%, while consumer goods imports increased 9.8%, driven by a 50.4% rise in oil consumer goods, including gasoline and butane and propane gas. Exports rose 43.7% to $81.42 billion, reflecting growth of 45% in non-oil exports and 6.8% in oil exports. Within non-oil exports, shipments to the US increased 49.8%, while exports to other markets rose 21%. In the first seven months of 2026, the merchandise trade balance posted a surplus of $9.25 billion.
2026-08-27
Mexico Trade Surplus Widens Above Forecasts
Mexico's trade surplus widened to $4.09 billion in June 2026 from $0.51 billion a year earlier, well above market expectations of $2.28 billion. Exports surged 34.4% year-on-year to $72.5 billion, driven by a 34.1% increase in non-oil shipments and a 43.4% rise in oil exports. Manufactured exports climbed 35.3%, led by metal products (40.9%), electrical and electronic equipment (19.7%), food, beverages and tobacco (14.5%), and automotive products (7.6%). In contrast, agricultural and fisheries exports fell 2.8%. Imports rose 28% to $68.46 billion, reflecting strong domestic demand. Intermediate goods imports increased 30.9%, consumer goods imports advanced 23.5%, boosted by a 66% surge in petroleum products, while capital goods imports rose 8.8%.
2026-07-27
Mexico Trade Surplus Widens in May Despite Missing Forecasts
Mexico’s trade surplus widened to $2.26 billion in May 2026 from a $1.23 billion a year earlier, but falling short of market expectations for a $4.6 billion surplus. Exports rose 25.4% year-on-year to $69.5 billion, after touching a record high level in April, driven by an 88.7% surge in mining shipments and a 25.1% increase in manufacturing exports, mostly machinery and specialized industrial equipment. However, auto exports declined 2.2%. Imports jumped 24% to $67.3 billion, mainly due to higher purchases of intermediate goods, particularly oil, which rose 31.5%. Imports of consumer and capital goods also increased 6.5% and 1.6%, respectively. In the first five months of 2026, Mexico posted a trade surplus of $5.78 billion.
2026-06-26