Sales of Mexican products abroad during March 2026 were in positive territory, totaling 70 billion 727 million dollars (USD), a growth of 27.7% compared to the same month of 2025 , according to the Mexican Merchandise Trade Balance (BCMM), prepared by the National Institute of Statistics and Geography (Inegi) .
According to the agency’s timely foreign trade information, a total trade surplus of 5.932 billion dollars was recorded, which contrasts with the deficit of 463 million dollars reported last February .
“The increase in the balance, between February and March, originated from an expansion in the balance of non-oil products and an increase in the deficit of the balance of oil products,” Inegi noted in the report.
According to the figures, Mexican exports have seen 10 consecutive months of annual increases .
The increase in exports during the period was due to a 29.6% rise in non-oil exports and a 20.4% drop in oil exports. Within non-oil exports, those destined for the United States increased by 28.2% year-on-year, while those destined for the rest of the world rose by 36.9%.
Exports of manufactured goods totaled $64.722 billion , representing a 29.5% increase compared to March 2025.
On an annual basis, the largest increases were recorded in exports of mining and metallurgy products with 61.8%, electrical and electronic equipment and appliances with 17.8%, food, beverages and tobacco with 14.4%, and automotive products with 2 percent.
In turn, the annual increase in automotive product exports resulted from a 3.4% decrease in sales channeled to the United States and a 39.2% increase in those directed to other markets.
In the reference month, oil exports totaled 1.707 billion dollars , which consisted of 1.290 billion dollars of crude oil sales and 417 million dollars of exports of other petroleum products.
Agricultural and fishing exports reached 2.219 billion dollars, an amount that implied an annual increase of 0.7 percent.
The value structure of merchandise exports in the first three months of 2026 was manufactured goods with 91.1%, agricultural goods with 3.3%, non-oil extractive products with 3.1%; and oil products with 2.5 percent.
Imports
In March 2026, the value of merchandise imports was $64.795 billion , representing an annual increase of 24.3 percent.
The National Institute of Statistics and Geography (INEGI) explained that consumer goods imports totaled $8.421 billion, a 19.3 percent year-on-year increase. Meanwhile, imports of intermediate goods reached $51.404 billion, 27.2 percent higher than in March 2015.
Imports of capital goods reached 4.97 billion dollars, which implied an annual increase of 7 percent.
In the period January-March 2026, the accumulated value of total imports was 176 billion 598 million dollars, an amount 18.4% higher than that observed in the same period last year.
In the first quarter of 2026, the structure of the value of imports was intermediate goods with 79.7%, consumer goods with 12.7%, and capital goods with 7.6 percent.
The results published this Monday show a dynamism in Mexican foreign trade that has not slowed down, and on the contrary, continues to grow hand in hand with the manufacturing sector, which has shown resilience in the face of the uncertainty caused by the tariffs promoted by the United States.
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