Mexico’s trade surplus widened 80.3% year-on-year to $5.93 billion in March 2026, far exceeding forecasts of a $0.72 billion surplus. Exports surged 27.7% to $70.73 billion, driven by a 29.6% rise in non-oil exports. Manufactured goods led the growth, reaching $64.72 billion (29.5%), with significant gains in mining and metallurgy (61.8%), electrical and electronic equipment (17.8%), food and beverages (14.4%), and automotive products (2.0%). Agricultural and fishery exports rose 0.7% to $2.22 billion, led by edible fruits (38.5%) and citrus (36.1%). Oil sales dropped 20.4% to $1.71 billion as crude export volumes fell to 495,000 barrels per day from 827,000. Imports rose 24.3% to $64.79 billion, with consumer goods up 19.3%, intermediate goods up 27.2%, and capital goods up 7.0%. For the first quarter of 2026, the trade balance recorded a deficit of $1.01 billion. source: Instituto Nacional de Estadística y Geografía (INEGI)

Mexico recorded a trade surplus of 5932 USD Million in March of 2026. Balance of Trade in Mexico averaged -294.61 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 May of 2026.

Mexico recorded a trade surplus of 5932 USD Million in March of 2026. Balance of Trade in Mexico is expected to be 1400.00 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 -150.00 USD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-27 12:00 PM
Balance of Trade
Feb $-0.463B $-6.481B $1.2B $1.7B
2026-04-27 12:00 PM
Balance of Trade
Mar $5.932B $-0.463B $0.72B $ 1.9B
2026-05-25 12:00 PM
Balance of Trade
Apr $5.932B


Related Last Previous Unit Reference
Auto Exports YoY 310.21 247.95 Thousand Units Mar 2026
Balance of Trade 5932.00 -463.00 USD Million Mar 2026
Exports 70727.00 56851.10 USD Million Mar 2026
Imports 64795.00 57313.90 USD Million Mar 2026
Non Oil Exports 69020.98 55364.99 USD Million Mar 2026
Oil Exports 1707.04 1487.13 USD Million Mar 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
5932.00 -463.00 6274.69 -6481.00 1980 - 2026 USD Million Monthly
NSA

News Stream
Mexico Trade Surplus Widens in March
Mexico’s trade surplus widened 80.3% year-on-year to $5.93 billion in March 2026, far exceeding forecasts of a $0.72 billion surplus. Exports surged 27.7% to $70.73 billion, driven by a 29.6% rise in non-oil exports. Manufactured goods led the growth, reaching $64.72 billion (29.5%), with significant gains in mining and metallurgy (61.8%), electrical and electronic equipment (17.8%), food and beverages (14.4%), and automotive products (2.0%). Agricultural and fishery exports rose 0.7% to $2.22 billion, led by edible fruits (38.5%) and citrus (36.1%). Oil sales dropped 20.4% to $1.71 billion as crude export volumes fell to 495,000 barrels per day from 827,000. Imports rose 24.3% to $64.79 billion, with consumer goods up 19.3%, intermediate goods up 27.2%, and capital goods up 7.0%. For the first quarter of 2026, the trade balance recorded a deficit of $1.01 billion.
2026-04-27
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.
2026-03-27
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%.
2026-02-27