In March 2026, Mexico once again became the leading exporter of goods to the United States and also the top buyer of U.S. products . Canada and China, the other major trading partners of the U.S., saw declines in their trade, according to figures from the U.S. Census Bureau .
The value of bilateral trade between Mexico and the United States reached $83,978.6 million in the third month of the year, an 8.6% increase compared to March 2025, according to an analysis by T21 Business Intelligence .
Conversely, Canada and China reported declines during the period . Canada showed a 3.4% decrease in March 2026, with $65.5282 billion compared to March 2025. China registered a 21.7% year-on-year contraction, with total trade of $31.962 billion.
In the accumulated January-March 2026, Mexico also led the trade exchange with the United States, with a total of 231,300.7 million dollars , Canada reached 175,910.2 million dollars, and China 88,251.3 million dollars in the first quarter.
Regarding exports, Mexico maintained an optimal performance in the third month of the year, sending goods to the United States for 51,202.8 million dollars , an increase of 6.7% compared to March 2025, which meant the highest figure since records began.
Meanwhile, Canada and China continued the negative trend of previous months . Canada exported goods to the United States worth $34.0893 billion, a 4.4% year-over-year decrease. China shipped products to its northern neighbor worth $20.859 billion last March, representing a 29% drop compared to the same month in 2015.
Regarding imports, Mexico purchased US goods worth $32.7758 billion in March 2026, an 11.6% year-over-year increase. Canada’s imports totaled $31.4389 billion, a 2.3% decrease compared to the same month last year. During the same period, China imported US goods worth $11.103 billion, 3% less than in March 2025.
The positive trend in trade between Mexico and the United States continued in March 2026, a situation that could be favorable for the country’s negotiating position in the face of the review of the United States-Mexico-Canada Agreement (USMCA) , although it also reflects the high dependence of Mexican foreign trade on its northern neighbor.
According to Gabriela Siller, Director of Economic Analysis at Grupo Financiero BASE , Mexican exports have diversified, with computer equipment being one of the products that the country sends the most abroad.
“If this product had not grown so much last year, at a rate of 144%, Mexican exports would have fallen by 0.54 percent,” he stressed.
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