News

Mexico Posts Larger-Than-Expected Trade Surplus
Mexico’s trade balance rebounded to a $4.52 billion surplus in April 2026 from a $0.04 billion deficit a year earlier, beating forecasts of a $1.41 billion surplus. Exports surged 32.6% year-on-year to $72.04 billion, driven by a 71% jump in extractive shipments. Manufacturing exports also rose sharply by 34%, with auto exports increasing 8.2%. Meanwhile, exports of agricultural and livestock products edged up 0.1%. Imports advanced 24.1% to $67.52 billion, mainly due to a 29.8% increase in intermediate goods purchases. Imports of consumer goods rose 7.7%, while capital goods imports increased 1.3%. Year-to-date, the trade balance recorded a surplus of $247.63 billion.
Published on 2026-05-25

Mexico Posts Larger-Than-Expected Trade Surplus
Mexico’s trade balance rebounded to a $4.52 billion surplus in April 2026 from a $0.04 billion deficit a year earlier, beating forecasts of a $1.41 billion surplus. Exports surged 32.6% year-on-year to $72.04 billion, driven by a 71% jump in extractive shipments. Manufacturing exports also rose sharply by 34%, with auto exports increasing 8.2%. Meanwhile, exports of agricultural and livestock products edged up 0.1%. Imports advanced 24.1% to $67.52 billion, mainly due to a 29.8% increase in intermediate goods purchases. Imports of consumer goods rose 7.7%, while capital goods imports increased 1.3%. Year-to-date, the trade balance recorded a surplus of $247.63 billion.
Published on 2026-05-25

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.
Published on 2026-04-27

Mexico Trade Surplus Surges 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.
Published on 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.
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 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 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 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 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 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 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, 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, 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