Mexican exports showed strong dynamism in June 2026, driven mainly by the manufacturing industry, the National Institute of Statistics and Geography (Inegi) announced .

In the sixth month of the year, shipments abroad of Mexican products totaled 72 billion 551 million dollars (mdd) , a growth of 34.4% year-on-year, according to the Mexican Merchandise Trade Balance (BCMM).

These figures show a trade balance surplus of 4.09 billion dollars , compared to the 2.259 billion dollars reported last May.

The increase in the trade surplus between May and June stemmed from an increase in the non-oil trade balance surplus and an increase in the oil trade balance deficit.

For the first six months of 2026, the trade balance showed a surplus of nine billion 857 million dollars , the largest since comparable records have been kept.

According to the report, the increase in Mexican exports stemmed from a 34.1% rise in non-oil exports and a 43.4% increase in oil exports. Within non-oil exports, those destined for the United States increased by 27.2% year-on-year, while those destined for the rest of the world rose by 17.7% annually.

In June 2026,  the value of exports of manufactured products was 67 billion 219 million dollars , an increase of 35.3% year-on-year, with the mining and metallurgy products (40.9%), electrical and electronic equipment and appliances (19.7%), food, beverages and tobacco (14.5%) and automotive products (7.6%) registering the largest increases in the period.

Meanwhile, the annual growth in automotive product exports stemmed from increases of 7% in sales channeled to the United States and 11.3% in those directed to other markets.

This increase reflects the importance of the Mexican automotive industry, both in the North American region and in other parts of the world.

In the first six months of this year, the structure of the value of merchandise exports was manufactured goods with 91.3% , agricultural goods with 3%, non-oil extractive products with 2.9%, and oil products with 2.8 percent.

Imports step on the gas

Imports grew 28% year-on-year last June, totaling $68.461 billion , with a strong increase in intermediate goods, which advanced 30.9% to a total of $54.239 billion.

Imports of capital goods reached 4.829 billion dollars, an annual increase of 8.8%, which represented weak productive investment.

In the first half of 2026, the structure of the value of imports was intermediate goods with 79.9%, consumer goods with 12.8% and capital goods with 7.3 percent.

Import trends in June 2026 demonstrate Mexico’s reliance on imported goods for export growth. However, Mexico maintains a strong performance in its foreign trade, which has allowed it to navigate the uncertainty generated by global tariffs.

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El cargo Manufacturing industry drives Mexican exports in June apareció primero en T21.

The positive trend shown by trade between Mexico and the United States in recent months continued in May 2026, when the country’s exports to the United States totaled 54,179.6 million dollars (USD) , a growth of 17.5% compared to the same period in 2025, according to figures from the  US Census Bureau .

This represents a record for Mexican goods shipped to the United States since records began, a result of the country’s preferential access to the U.S. market. Mexico’s main exports to the United States are computers, televisions, vehicles, auto parts, electrical equipment, machinery, and other manufactured goods.

Meanwhile, Canada totaled $36,337.2 million , representing a 21.2% year-on-year increase; while China exported goods to the United States worth $23,507.8 million , 15% more than in May 2025, according to an analysis by  T21 Business Intelligence .

The figures for Canada and China last May represented a rebound after a period of fluctuations. Canada’s recovery is explained by sales to the United States of crude oil, vehicles, auto parts, machinery, and equipment; while China’s recovery is mainly due to technological products, driven by the demand generated by artificial intelligence.

Meanwhile, total trade between Mexico and the United States reached $87.23 billion in May, a 17.4% increase compared to May 2015. Canada’s trade totaled $66.128 billion, representing a 13.5% increase over the same period last year. China’s trade reached $32.6252 billion, a 21.2% year-on-year increase.

In the cumulative period from January to May 2026, Mexico totaled $404,566.5 million , Canada totaled $307,479.3 million, and China $150,060.7 million.

In terms of imports, Mexico purchased US goods worth $33.05 billion in May 2026, a 17.4% increase compared to May 2025. Canada registered $29.79 billion, a 5.3% increase over the same month last year. During the same period, China imported US products worth $9.117 billion, 40.7% more than in May 2025.

In May 2026, Mexico reaffirmed its leadership in trade with the United States , positioning itself as the largest supplier of goods to the United States and as the main buyer of products from its northern neighbor.

The above reflects the integration of Mexican foreign trade in the North American region, despite the fact that the occupant of the White House, Donald Trump, has shown his disagreement with the Treaty between Mexico, the United States and Canada (USMCA) , which he has decided to review annually instead of extending for 16 years.

The uncertainty generated by the new provisions of the USMCA based on the annual evaluations will impact the country’s trucking and logistics sectors , given that these sectors require investments in tractor-trailers, trailers, distribution centers, intermodal terminals, and technology.

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In May 2026, Mexican exports totaled 69 billion 544 million dollars (USD) , which represented an increase of 25.4% 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) .

Meanwhile,  the trade balance showed a surplus of $2.259 billion , compared to $4.520 billion in April.

“The reduction in the trade surplus between April and May originated from a smaller surplus in the non-oil trade balance, since the deficit in the oil trade balance remained at a similar level in that same comparison,” Inegi noted.

Export performance

The increase in Mexican exports stemmed from a 25.6% rise in non-oil exports and an 18% increase in oil exports. Within non-oil exports, those destined for the United States increased by 27.2% year-on-year, while those destined for the rest of the world rose by 17.7% annually.

In the fifth month of 2026,  the value of exports of manufactured products was 62 billion 99 billion dollars , representing an increase of 25.1% year-on-year.

The most significant advances were observed in exports of machinery and special equipment for various industries (98.1%), mining and metallurgy products (47.2%), electrical and electronic equipment and apparatus (13.8%), plastic and rubber products (4.3%) and food, beverages and tobacco (4.2%).

Meanwhile, exports of automotive products showed an annual drop of 2.2% , which resulted from a 3.5% decrease in sales channeled to the United States and a 5.7% increase in those directed to other markets.

In May 2026,  the value of agricultural and fisheries exports was US$1.997 billion , representing a 2.2 percent year-on-year increase. The most significant year-on-year growth was recorded in exports of grapes and raisins (65.4%), tomatoes (45.2%), and fresh vegetables and legumes (28.4%).

In the first five months of this year, the structure of the value of merchandise exports was manufactured goods 91%, agricultural goods 3.2%, non-oil extractive products 3%, and oil products 2.8 percent.

Imports are on the rise 

In May 2026,  the value of merchandise imports was $67.285  billion , representing an annual growth of 24 percent.

In the month under comparison, imports of  consumer goods  totaled $8.305 billion, a year-on-year increase of 6.5 percent. Meanwhile, imports  of intermediate goods  reached $54.314 billion, 29.8% higher than the figure reported in May 2025.

Imports  of capital goods  reached 4.667 billion dollars, which implied an annual increase of 1.6 percent.

In the period January-May 2026, the structure of the value of imports was intermediate goods 80.1%, consumer goods 12.6%, and capital goods 7.3 percent.

According to the BCMM results, Mexican foreign trade figures, especially exports, reveal the dynamism that the country has in the North American economy, although on several occasions the President of the United States, Donald Trump, has rejected the entry of Mexican products into the United States.

Just last June 10, Trump reiterated his threats not to continue with the United States-Mexico-Canada Agreement (USMCA) .

“I don’t know if I’m going to renew it because, to be honest, the United States is doing much better. We don’t need anything that Canada has, we don’t need anything that Mexico has, but they need everything we have and they have to treat us better,” the White House occupant stated.

Meanwhile, the negotiating teams from the three USMCA countries are preparing for the review of this trade agreement.

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El cargo Unstoppable! Mexican exports accelerate in May apareció primero en T21.

US tariffs and a cautious Mexican economy have not slowed exports in the first quarter of 2026 (1Q26), according to the  Quarterly Global Supply and Demand Indicators (ODGT)  and the  Quarterly Gross Savings Indicator (ITAB) report released Thursday .

According to the report, prepared by the  National Institute of Statistics and Geography (Inegi) , in the period January-March 2026 the  global supply of goods and services (equal to global demand) increased 0.3% in real terms compared to the previous quarter.

Within the country, Gross Domestic Product (GDP) decreased by 0.6%, and  imports of goods and services  grew by 2.2% on a quarterly basis.

In its year-on-year comparison, global supply increased 5.2% in Q1 2026: GDP increased 0.4% and imports of goods and services registered a rise of 16 percent.

According to Inegi, the Quarterly Global Supply and Demand provides information on the short-term behavior of the main macroeconomic variables of production, consumption, investment and foreign trade.

During the period under review, the agency reported that the components of global demand behaved as follows:  government consumption increased by 1.6%, and exports of goods and services grew by 0.8%. Private consumption decreased by 0.8%, and gross fixed capital formation (GFCF) , that is, fixed investment, fell by 1.9% quarter-on-quarter.

On an annual basis, government consumption rose 3.3%; private consumption increased by 2.4%, and exports of goods and services rose 1.5%. Gross fixed capital formation (GFCF) fell by 3%.

The Quarterly Gross Savings Indicator represents the portion of income generated from domestic or foreign production that is not spent on final consumption goods and services. This allows economic agents to finance the acquisition of assets, explained INEGI.

In the first quarter of 2026, and with seasonally adjusted figures, gross savings , at current prices, grew 2.4% compared to the previous quarter; in turn, savings in the domestic economy increased 3.4% quarterly.

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These results occur in a context where inflation in Mexico shows a downward trend, standing at 3.94% at an annual rate during May 2026 , as well as a slow industrial recovery.

According to CIAL Dun & Bradstreet , a firm specializing in providing technological solutions and data, the Mexican economy faces opportunities and challenges that require macroeconomic discipline to sustain confidence and growth.

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In Mexico, the trucking industry often points to the excessive paperwork, verifications, and regulatory requirements it faces in order to operate; however, in terms of vehicle safety, an apparent contradiction is observed: while there are numerous provisions for the circulation and operation of the units, Mexico still lacks a specific standard that establishes the safety standards that new heavy vehicles entering the market must meet.

This was stated by Salvador Saavedra, president of the Automotive Industry Sector of the National Chamber of the Transformation Industry (Canacintra) , during the AMDA Commercial Vehicles Forum 2026, where he warned that the absence of a specific regulatory framework is allowing the incorporation of units with different technological standards, which generates incompatibilities that could impact road safety.

“It is allowed because there is no rule,” he stated, emphasizing that currently, tractor-trailer trucks developed under regulations different from those prevailing in North America can enter the Mexican market.

According to the specialist, while Europe has regulations that incorporate dozens of safety standards and the United States has maintained a scheme administered by the National Highway Traffic Safety Administration (NHTSA) for decades, Mexico still lacks a standard for heavy vehicles over 3,857 kilograms, even though its development began several years ago .

Saavedra explained that the project was worked on between 2021 and 2023; however, it did not progress towards publication.

“We worked on that 2021-2022 standard, first quarter of 2023, and just as I remained silent, so did the Ministry of Economy, they put it in a drawer and there it is,” he commented.

One of the identified risks is related to ABS braking systems . The specialist explained that most semi-trailers operating in Mexico use technology based on U.S. regulations, while in recent years tractor-trailers developed under other standards have been incorporated.

This situation can cause warning signals for a brake system failure to not be properly communicated between the tractor and the semi-trailer, limiting the operator’s ability to react in a timely manner.

“If the ABS of the semi-trailer fails and the operator has to perform emergency braking, the possibility of the semi-trailer squaring up increases and therefore would cause a road accident,” he warned.

According to data presented by Saavedra, between 95% and 98% of tractor-trailer trucks currently operating with ABS systems use North American technology . However, each year between 10% and 12% of units with different configurations are added to the vehicle fleet, increasing the need to establish standardized criteria to ensure the compatibility of safety systems.

The expert argued that the debate should not focus solely on generating more regulation, but on building a coherent regulatory framework that allows identifying which vehicles can be incorporated into the Mexican market and under what safety standards they must operate.

Among his proposals, he highlighted the need to clearly define which federal agency will be responsible for issuing and overseeing vehicle safety regulations, establishing standards for all types of new and existing vehicles, and verifying compliance with these requirements from the time of importation.

“The regulated industry must actively participate in issues concerning vehicle regulations. Otherwise, nothing happens, or we are left out,” he concluded.

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El cargo Overregulated or unprotected? The persistent gap in heavy vehicle safety apareció primero en T21.

Mexico reaffirmed its position as the largest supplier of goods to the United States and became the top buyer of US products in April 2026. Meanwhile, Canada saw an increase in its trade with its northern neighbor, while China experienced a decline.

According to figures from the  US Census Bureau , trade between Mexico and the United States was $86,035.5 million in the fourth month of the year, a growth of 23.6% compared to April 2025.

Canada and China showed contrasting figures . While the North American country showed a 14.6% increase in April 2026 with $64,769.2 million, China, which ranked fourth, registered a 12.7% year-on-year contraction, with a total traded value of $29,184.3 million, according to an analysis by T21 Business Intelligence .

In the first four months of 2026 (January-April),  Mexico performed well in trade with the United States, totaling $317,336.1 million . Canada’s trade reached $240,895.3 million and China’s $117,435.6 million.

As for exports, Mexico sent goods to its northern neighbor worth $50.692 billion in April 2026 , an increase of 21.1% compared to the same month in 2025.

Canada exported goods to the United States worth $35.0281 billion, a 20.3% year-over-year increase. China shipped products to its northern neighbor worth $19.7892 billion, representing a 21.8% decrease compared to the same month in 2015.

Regarding imports, Mexico purchased US goods worth $35.3435 billion in April 2026, a 27.3% year-over-year increase. Canada’s imports totaled $29.7411 billion, an 8.5% increase compared to the same month last year. During the same period, China imported US goods worth $9.3951 billion, 16.1% more than in April 2025.

Trade between Mexico and the United States continued to perform well in April 2026, reflecting the positive trend in Mexican foreign trade, even in times of uncertainty.

These figures come amid repeated threats from US President Donald Trump not to continue with the United States-Mexico-Canada Agreement (USMCA).

“I don’t know if I’m going to renew it because, to be honest, the United States is doing much better,” Trump said on June 10, while declaring that “we don’t need anything that Canada has, we don’t need anything that Mexico has, but they need everything that we have, and they have to treat us better.”

However, trade figures between Mexico and the United States contradict Trump’s claims. Meanwhile, authorities from both countries are on the verge of reviewing the USMCA.

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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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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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According to figures from the  US Census Bureau , Mexico reaffirmed its position as the main trading partner of the United States in February 2026 , once again ranking as the top supplier of goods to the United States and the main importer of US products, while Canada and China showed declines.

According to an analysis by  T21 Business Intelligence ,  the exchange of goods between Mexico and its northern neighbor was $73,217.2 million during the second month of 2026 , an increase of 7.1% compared to February 2025.

In contrast, Canada fell 8.9% , totaling $57,543.6 million in February 2026; while  China dropped 36.1% compared to the same month last year , with a total traded value of $26,902.2 million.

In the accumulated January-February 2026, Mexico also led the trade exchange with the United States, with a total of 147,322.1 million dollars ; Canada reached 110,335.4 million dollars and China 56,289.2 million dollars in the first two months.

Regarding exports to the United States in the second month of 2026, Mexico maintained a solid performance, sending goods to the United States for 44,310.7 million dollars , which meant an increase of 6.4% annually.

Meanwhile, Canada exported $29,172.3 million, 16.5% less than in February 2025. China totaled $18,955.6 million in merchandise shipments to the United States last February, a figure that represented a decline of 40.1% compared to the same month in 2025.

In terms of imports, Mexico also solidified its position as the leading buyer of U.S. products, with $28.9065 billion in February 2026 , representing an 8 percent year-over-year increase. Canada saw a slight increase of 0.4%, totaling $28.3713 billion during the same period. China imported a total of $7.9466 billion, 24% less than in February 2025.

The  trade balance  in February 2026 showed a surplus for Mexico (15,404.2 million dollars) , China (11,009.1 million dollars) and Canada (801 million dollars).

Last February, the positive trend in trade between Mexico and the United States continued, as shown in January 2016, when the value of the exchange of goods was 74,105 million dollars.

The results for the second month of 2026 also reflect Mexico’s leading position in trade with the United States , despite constant pressure from its northern neighbor through protectionist measures. Meanwhile, Canada faces obstacles and China is losing ground in the North American market.

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El cargo Mexico maintains its trade advantage over the US in February apareció primero en T21.

Mexico began 2016 as the leading exporter of goods to the United States and also became 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 .

According to an analysis by  T21 Business Intelligence , the value of bilateral trade between Mexico and the United States reached $74.105 billion during the first month of this year, an increase of 6.5% compared to January 2025.

In contrast, Canada and China reported significant declines during the period. Canada showed a 19.5% drop compared to 2025, totaling $52.84 billion in January 2026. China registered a 43% year-on-year contraction, with total trade of $29.387 billion in the first month of 2026.

Regarding exports to the United States, Mexico maintained its leadership, sending products to the United States worth $42,517.7 million in January 2026, 2% more than in the same month of 2025.

Conversely, Canadian exports to the United States totaled $28.33 billion, a 26.1% year-over-year decrease. China’s merchandise shipments to the United States totaled $21.05 billion in the first month of 2026, a 49.4% decline compared to January 2025.

In terms of imports, Mexico purchased US goods worth $31.5872 billion in January 2026, a 13.1% year-over-year increase. Canada’s imports totaled $24.5103 billion, a 10.3% decrease compared to the same month last year. During the same period, China imported a total of $8.3291 billion, 15.9% less than in January 2025.

In January 2026, Donald Trump completed one year of his second term as President of the United States, an administration characterized by protectionist economic policies and the imposition of tariffs on various countries around the world. Despite this, Mexico has managed to circumvent these measures and has positioned itself as a key player in trade with the United States ; meanwhile, Canada and China have experienced setbacks in their trade with the world’s largest economy.

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