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. source: Instituto Nacional de Estadística y Geografía (INEGI)

Mexico recorded a trade surplus of 2259 USD Million in May of 2026. Balance of Trade in Mexico averaged -281.38 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 June of 2026.

Mexico recorded a trade surplus of 2259 USD Million in May of 2026. Balance of Trade in Mexico is expected to be 2400.00 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 -50.00 USD Million in 2027 and 2000.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-25 12:00 PM
Balance of Trade
Apr $4.52B $5.932B $1.41B $3.8B
2026-06-26 12:00 PM
Balance of Trade
May $2.259B $4.52B $4.63B $4.1B
2026-07-27 12:00 PM
Balance of Trade
Jun $2.259B $ 2.4B


Related Last Previous Unit Reference
Auto Exports YoY 306.29 286.32 Thousand Units May 2026
Balance of Trade 2259.00 4520.00 USD Million May 2026
Exports 69544.00 72041.80 USD Million May 2026
Imports 67285.00 67521.80 USD Million May 2026
Non Oil Exports 67121.16 69994.83 USD Million May 2026
Oil Exports 2423.33 2047.00 USD Million May 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
2259.00 4520.00 6274.69 -6481.00 1980 - 2026 USD Million Monthly
NSA

News Stream
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
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 $3.51 billion.
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.
2026-04-27