In February 2026, Mexican exports continued at the good pace with which they started the year, according to the Mexican Merchandise Trade Balance (BCMM) , prepared by the National Institute of Statistics and Geography (Inegi) .
In the second month of the year, the value of Mexico’s exports was 56 billion 851 million dollars (mdd), an annual increase of 15.8% , derived mainly from non-oil exports.
However, the trade balance showed a deficit of $463 million , compared to the $6.481 billion deficit reported last January.
Exports take off
The increase in Mexican exports stemmed from a 17.5% rise in non-oil exports and a 24.2% decrease in oil exports. Within non-oil exports, those destined for the United States grew 15.9% year-on-year, while those destined for the rest of the world increased 26.4% annually.
In February 2026, the value of exports of manufactured products was $51,775 million , representing an increase of 17.1% year-on-year.
The most significant advances were observed in exports of machinery and special equipment for various industries with 82.8%, mining and metallurgy products with 50.1%, electrical and electronic equipment and apparatus with 10.1%, plastic and rubber products with 4.4%, and professional and scientific equipment with 3.1% annually.
Meanwhile, exports of automotive products showed an annual drop of 3.4% , which resulted from an 8.7% decrease in sales channeled to the United States and a 40.2% increase in those directed to other markets.
In the second month of the year, the value of agricultural and fishing exports was US$1.779 billion , representing a year-on-year decrease of 12.8 percent. The most significant year-on-year declines were recorded in exports of cattle (99.9%), fresh strawberries (41.7%), tomatoes (38.6%), avocados (31.7%), and peppers (17.8%).
In the first two months of 2026, the structure of the value of merchandise exports was manufactured goods 90.8%, agricultural goods 3.5%, non-oil extractive products 3.2%, and oil products 2.5 percent.
Imports rise
In February 2026, the value of merchandise imports was $ 57,314 million , representing an annual growth of 20.8 percent.
In the month under comparison, imports of consumer goods totaled $7.052 billion, a year-on-year increase of 5.2 percent. Meanwhile, imports of intermediate goods reached $46.242 billion, 27.2% more than reported in February 2025.
Imports of capital goods reached four billion 020 million dollars , which implied an annual decline of 8.1 percent.
In the period January-February 2026, the accumulated value of total imports was 111 billion 803 million dollars, 15.2% more than that observed in the same period of 2025.
During the cycle, the value structure of imports was intermediate goods 79.9%, consumer goods 12.6%, and capital goods 7.5 percent.
The figures released this Friday by Inegi show a good performance of Mexican exports in February 2026, however, the trade balance continues with a deficit trend , since last January it also registered a deficit of six billion 481 million dollars, after the surplus of two billion 430 million dollars shown in December 2025.
This increase in shipments of Mexican goods abroad occurs in the context of a setback to the tariffs of Donald Trump, president of the United States, by the Supreme Court of the United States, which on February 20 declared unconstitutional the tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
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