Mexico once again became the United States’ main trading partner in August 2026, with an exchange of goods worth 94,293.7 million dollars (USD) , a growth of 26.7% compared to the eighth month of 2025, according to figures from the United States Census Bureau .

Meanwhile, trade between the United States and Canada increased by 17.5%, reaching $66.2696 billion. China saw a 6.6% year-on-year increase, with total trade reaching $35.8645 billion, according to an analysis by T21 Business Intelligence .

In the cumulative period from January to August 2016,  Mexico again performed well in its trade of goods with the United States, totaling $682,817.5 million . Canada’s trade reached $505,617.9 million and China’s $257,427.2 million in the first eight months of the year.

According to US records, Mexican exports to the United States totaled $60,637.4 million in August , a 34.1% increase compared to the same month in 2025.

Among the main products that Mexico sent to the United States are computers, televisions, vehicles, auto parts, electrical equipment, machinery and other high-quality manufactured products.

Canada exported goods to the United States worth $35.98 billion, a 23.4% year-over-year increase. China shipped goods to the United States worth $27.1338 billion, representing a 6.9% increase compared to August 2015.

Meanwhile, Mexico purchased US goods worth $33.6563 billion  in August 2026, a 15.3% year-over-year increase. Canada’s imports totaled $30.2896 billion, an 11.2% rise compared to August of the previous year. During the same period, China imported US goods worth $8.7307 billion, 5.6% more than in August 2025.

The results of the exchange of goods between Mexico and the United States show that, despite the uncertainty generated by the unilateral decisions of the northern neighbor, trade between both countries continues to strengthen , particularly in sectors that depend on cross-border supply chains and the constant movement of goods.

The performance also reflects Mexico’s importance as a supplier of goods to the U.S. market, consolidating the bilateral relationship in the North American economic environment, although the review of the United States-Mexico-Canada Agreement (USMCA) is still pending and has not yet been postponed indefinitely.

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El cargo Mexico maintains trade route with the US; breaks export record in August apareció primero en T21.

The growth of exports from the federal entities during the second quarter of 2026 (2Q26) reinforces the weight of the country’s main manufacturing hubs and, with it, the demand on the transport and logistics chains linked to foreign trade.

Between April and June of this year, the value of exports from Mexico’s federal entities reached 195,260.7 million dollars (mdd) , an increase of 31.6% compared to the same period in 2025, according to the Quarterly Exports by Federal Entity (ETEF) of the National Institute of Statistics and Geography (Inegi) .

The agency highlighted that Chihuahua with 25.1%, Jalisco with 12.1%, Nuevo  León with 9.5%, Coahuila with 9.2%, Baja California with 7.6%, Guanajuato with 5.2% and Tamaulipas with 4.8% contributed 73.5% of the total value of merchandise shipments abroad in the period at an annual rate .

Chihuahua, which topped the list in the April-June 2026 period, recorded operations totaling $49,027.5 million , derived from the export of manufactured goods such as electronic equipment and computers. Jalisco contributed  $25,585.1 million , primarily from goods in the manufacturing and mining sectors.

During that period, Nuevo León registered exports of $18.5335 billion ; Coahuila’s totaled  $17.9675 billion . Baja California reported a contribution of $14.9178 billion to Mexican exports  . Guanajuato’s exports reached  $10.1632 billion , and Tamaulipas’s  $9.3626 billion .

Exports by economic activity

By economic sector, in Q2 2026, manufacturing  accounted for 92.5% of the total value of exports from the states. This was followed by mining  (both oil and non-oil) at 5.2% and the  agricultural sector at 2.3% annually.

By economic sector, mining increased by 48.3% and manufacturing by 32% annually. The agricultural sector decreased by 3.1% year-on-year.

Exports from the mining sector in Sonora, Chihuahua, Coahuila, San Luis Potosí and Jalisco stood out due to their greater annual variation; as did those from the manufacturing sector in Jalisco, Chihuahua, Sinaloa, Michoacán and Nayarit; and those from the agricultural sector in Quintana Roo, Campeche, Nuevo León, Querétaro and Puebla.

For their contribution to the value of total exports, in the second quarter of 2026, the exports of computer, communication, measurement equipment and other electronic equipment, components and accessories stood out in the manufacturing sector , representing 36.1% of the total value in its annual measurement.

They were followed by the manufacture of transport equipment with 28.9%, and the manufacture of accessories, electrical appliances and electric power generation equipment with 4.9% annually.

Exports from the mining subsector of metallic and non-metallic minerals, except oil and gas,  represented 2.6% and those from the agriculture subsector represented 2.3% annually.

According to the ETEF results, some states in the country registered good performance in their exports during the comparison period, with several entities in northern Mexico maintaining their leadership in the cycle.

This performance is in line with the subsequent increase in sales of Mexican products abroad, which in August 2026 totaled 78 billion 010 million dollars, a growth of 40.4% annually , according to figures from Inegi itself.

Mexico’s new industrial landscape and its role in reshaping global trade will be among the topics addressed at ETYL MTY , organized by Grupo T21 , which will take place on October 14 and 15 at the Presidente InterContinental Hotel in Monterrey, Nuevo León. 

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El cargo These Mexican states stood out in their exports in Q2 2026 apareció primero en T21.

Mexican exports advanced in August 2026, reaching a value of 78 billion 010 million dollars (mdd), an increase of 40.4% annually , according to the Mexican Merchandise Trade Balance (BCMM), published by the National Institute of Statistics and Geography (Inegi) .

This growth allowed Mexico to post a trade surplus of $605 million , following the $848 million deficit recorded in July. The result also extended the accumulated positive balance for the first eight months of the year to $9.86 billion .

August’s performance was driven by non-oil exports, which increased 41.7% year-on-year, and a 2.8% drop in oil sales.

Non-automotive manufacturing takes center stage

The main driver of exports was the manufacturing sector, whose sales abroad grew 42.6% annually to 73,619 million dollars.

Within this segment, the performance of electrical and electronic equipment and appliances stood out , with exports increasing by 122.3% year-on-year. Mining and metallurgy products also performed exceptionally well , with a 50.4% increase, while plastic and rubber products grew by 10.6% year-on-year.

This performance contrasts with that of the automotive industry. Exports from this sector fell 2.2% year-on-year in August, with reductions in sales to the United States (-1.0%) as well as those to other markets (-7.8%).

The composition of the growth is relevant: the export advance in August did not depend exclusively on the automotive sector , but was accompanied by a particularly high expansion of non-automotive manufacturing.

This trend is also reflected in the relationship with the United States. In August 2026, non-oil exports to that market grew by 45.2% year-on-year, while those to the rest of the world increased by 23.5%. The United States accounted for 84.69% of total non-oil exports between January and August of this year .

In the first eight months of 2026, the value structure of merchandise exports was 92.1% manufactured goods, 2.7% non-oil extractive products, 2.6% oil goods, and 2.6% agricultural products.

Imports show higher demand for inputs

In August 2026, Mexico imported goods worth 77 billion 405 million dollars , an increase of 34.2% annually, with a strong advance in intermediate use goods, whose imports amounted to 63 billion 255 million dollars, 41.9% more than in August 2025.

Imports of capital goods reached $5,018 million, which implied an annual growth of 6.9 percent.

In the period January-August 2026, the accumulated value of total imports was 539 billion 537 million dollars, an amount 26.8% higher than that observed in the same period of 2025. Within it, non-oil imports rose 27.4% and oil imports 18% at an annual rate.

In the first eight months of the year, the structure of the value of imports was as follows: intermediate goods with 80.4%, consumer goods with 12.5% ​​and capital goods with 7.1 percent.

August figures show Mexican foreign trade with considerable expansion in 2026, although with export growth accompanied by strong demand for imported inputs, particularly those linked to manufacturing production.

The data also suggests that the performance of Mexican exports is beginning to show a broader composition than the traditional automotive strength.

In logistical terms, the above may translate into greater pressure on the flow of goods in and out, particularly in corridors linked to the manufacturing industry and to Mexico-United States trade .

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El cargo Mexican exports accelerate in August and bring the trade balance to a surplus apareció primero en T21.

The reconfiguration of global trade is reshaping the supply chain landscape, and Mexico occupies a privileged position in this process. According to data from the U.S. Census Bureau , Mexico has not only increased its share of trade in goods (exports + imports) with the United States, but has also remained its top trading partner since 2023 .

In 2025, trade between Mexico and its northern neighbor totaled $871.5966 billion , the highest amount recorded in the bilateral relationship to date. This figure is explained by the shipment of Mexican goods to the United States, valued at $534.3149 billion, as well as the import of U.S. goods by Mexico, valued at $337.2847 billion.

The main goods that Mexico sold to the United States were light and heavy vehicles, auto parts, computer equipment and electrical equipment.

This outcome comes amid a reconfiguration of global supply chains and constant tariff changes imposed by the White House.

But the change didn’t happen overnight. In 2016, Mexico ranked third with a bilateral trade volume of $523.7294 billion , behind countries like Canada and China. That year, Mexican exports to the United States totaled $293.5006 billion, while Mexico purchased $230.2288 billion worth of U.S. goods.

The trend shows Mexico’s gradual shift within the U.S. trade landscape. In 2021, the country moved into second place with $659,763.9 million , just behind Canada, which registered $666,878.7 million. In 2021, Mexico sold the equivalent of $382,569.3 million in goods to the United States, while the country purchased $277,194.6 million in goods from the U.S.

A year later, in 2022, trade between the two countries reached $779,031.1 million . Mexico still remained in second place, but the gap with Canada had narrowed. That year, Mexico exported $452,015 million to the United States and imported $327,016 million worth of U.S. goods.

In 2023, Mexico moved into first place with a trade volume of $797,324.6 million . The value of Mexican exports to the United States was $427,898.7 million, and the U.S. sold $324,425.9 million worth of goods to Mexico.

In 2024, bilateral trade continued its upward trend, reaching $837,602.2 million . That year, Mexico consolidated its position as the United States’ main trading partner, selling $503,110.1 million worth of goods to the US, while the United States sent goods to Mexico valued at $334,492.1 million.

In the period from January to July 2026, trade between Mexico and the United States totaled $588,523.8 million . Mexico exported $358,708 million in goods to the United States, while its northern neighbor sold $229,816.8 million in goods and products to Mexico.

The figures accumulated in 2026 point to a new record at the close of this year in the trade exchange between Mexico and the United States.

This progress is not solely attributable to increased bilateral trade. It also reflects a transformation in the structure of North American production chains. Geographic proximity, the United States-Mexico-Canada Agreement (USMCA), and manufacturing integration have made Mexico a key hub for industries supplying the U.S. market.

For the logistics sector, this means that the discussion has shifted from focusing solely on how much trade exists between the two countries to focusing on how to move larger volumes, with what infrastructure, under what rules, and with what border capacity .

The increasing integration of production means that an interruption at the border, a limitation on rail or road transport, or a delay in customs processes can have effects that extend to the supply chains of both countries.

Therefore, Mexico’s position as the United States’ main trading partner is not only an indicator of exports and imports. It is also a measure of the responsibility the country assumes to maintain a logistical platform that supports a trade relationship that has grown in depth and complexity.

The debate comes to ETYL MTY

This transformation will be one of the central themes of ETYL MTY , which will take place on October 14 and 15 at the Presidente InterContinental Hotel in Monterrey, Nuevo León . The event will bring together leaders from the transportation, logistics, and foreign trade sectors.

The agenda highlights panel 1: “Reconfiguration of world trade and the new role of Mexico” , in which specialists such as Zelina Fernández, general director of Index Nuevo León ; and Miguel Cavazos, Founder – Managing Principal of Citius AG , among other prominent actors in the sector, will address the new industrial map of the country and its role within the transformation of global trade.

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El cargo Mexico’s role in the reconfiguration of trade with the US apareció primero en T21.

The Mexican economy closed July 2026 with significant dynamism in foreign trade; however, the trade balance showed a deficit, according to the National Institute of Statistics and Geography (Inegi) .

In the seventh month of the year, the country’s exports totaled 81 billion 420 million dollars (USD) , a rise of 43.7% compared to the same month of 2025, according to the report of the Balance of Trade of Goods of Mexico (BCMM).

Non-oil exports increase

Exports of manufactured goods were the main driver of Mexican exports with 76,306 million dollars, representing an increase of 45.7% year-on-year.

The most significant advances during the period were observed in exports of electrical and electronic equipment and appliances (134%), mining and metallurgy products (27.3%), machinery and special equipment for various industries (13.9%), plastic and rubber products (13.3%), and automotive products (2.4%).

The annual growth in automotive product exports stemmed from a 3.7% increase in sales channeled to the United States and a 3.9% increase in sales to other markets.

In July 2026, the value of agricultural and fishing exports was US$1.32 billion, an 8.6 percent year-on-year decrease. Meanwhile, the value of oil exports was US$1.988 billion year-on-year.

In the January-July period of this year, the value of total exports amounted to 471,387 million dollars , which meant an annual growth of 27.7 percent.

The structure of the value of merchandise exports in the first seven months of the year was manufactured goods with 91.7%, agricultural goods with 2.8%, non-oil extractive products with 2.8% and oil products with 2.7 percent.

Despite the growth in shipments abroad, Mexico ended with a trade deficit of $848 million , which compares to the surplus of $4.06 billion in June.

The decrease in the trade balance between June and July stemmed from a reduction in the non-oil trade surplus and a larger oil trade deficit.

Imports step on the gas

Purchases from abroad grew 45% year-on-year last July , totaling 82 billion 268 million dollars, with a strong increase in intermediate goods , which advanced 56.3% to total 67 billion 132 million dollars at an annual rate.

Imports of capital goods reached $5.607 billion, a 9.9% year-on-year increase, reflecting weak productive investment. Meanwhile, imports of consumer goods reached $9.529 billion, a 9.8% year-on-year increase.

In the period January-July 2026, the accumulated value of total imports was 462 billion 132 million dollars, an amount 25.6% higher than that observed in the same period of 2025.

During the cycle, the value structure of imports consisted of intermediate goods at 80.2%, consumer goods at 12.6%, and capital goods at 7.2%.

Import trends in July 2026 demonstrate Mexico’s dependence on imported goods. However, Mexico maintains a strong performance in exports, which has allowed it to weather the uncertainty generated by global tariffs.

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El cargo Manufacturing sector sustains Mexico’s exports in July apareció primero en T21.

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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El cargo Mexico consolidates its trade position with the US during May apareció primero en T21.

The manufacturing sector boosted the value of exports from Mexico’s federal entities, which in the first quarter of 2026 (1Q26) totaled 158 billion 117.5 million dollars (mdd) , a growth of 17.9% compared to the same period in 2025, the National Institute of Statistics and Geography (Inegi) announced this Tuesday .

In the report on Quarterly Export Results by Federal Entity (ETEF), the agency highlighted that  Chihuahua with 22.8%,  Jalisco with 11%, Coahuila with 9.4%, Nuevo  León with 9.2%, Baja California with 8.2%, Guanajuato with 6.3% and Tamaulipas with 4.9% contributed 71.8% of the total value of merchandise shipments abroad in the period at an annual rate .

Chihuahua, which topped the list in the January-March 2026 cycle, registered operations for  35,986.2 million dollars , derived from the export of manufactured products such as vehicle parts and accessories, electronic equipment and computers.

Jalisco contributed  17,377.5 million dollars , explained by goods from the manufacturing sector, followed by agriculture and mining.

During that period, Coahuila registered exports of  $14.889 billion . Nuevo León’s exports totaled  $14.5376 billion ; Baja California reported a contribution of $12.9466 billion to Mexican exports  . Guanajuato’s exports reached  $10.0206 billion, and Tamaulipas’s  $7.6997 billion .

Exports by economic activity

By economic sector, in Q1 2026,  manufacturing  accounted for 92.3% of the total value of exports from the states. This was followed by  mining (both oil and non-oil) at 4.8%, and the agricultural  sector  at 2.9%.

By economic sector, manufacturing increased by 19.9 percent. Mining grew by 6.8 percent, while agriculture decreased by 13.1 percent year-on-year.

Exports from the manufacturing sector in Jalisco, Baja California Sur, Chihuahua, Quintana Roo and Nayarit stood out due to their greater annual variation; as did those from the mining sector in Sinaloa, Zacatecas, Chihuahua, Durango and Coahuila; and those from the agricultural sector in Quintana Roo, Guerrero, Tabasco, Chiapas and Coahuila.

For their contribution to the value of total exports, shipments abroad of  computer, communication, measurement equipment and other electronic equipment, components and accessories stood out in the manufacturing sector  , representing 31.7% of the total value in its annual measurement.

They were followed by the manufacture of transport equipment with 30.5%, and the manufacture of accessories, electrical appliances and electric power generation equipment with 5.2% annually.

Exports from the mining subsector of metallic and non-metallic minerals, except oil and gas, represented 3% and those from the agriculture subsector represented 2.8% annually.

According to the ETEF results, some states in the country registered good performance in their exports during the first quarter of the year, with several entities in northern Mexico maintaining their leadership during the period.

This performance is in line with the subsequent increase in sales of Mexican products abroad, which in May 2026 totaled 69,544 million dollars , which meant a growth of 25.4% compared to the same month of 2025, according to Inegi itself.

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El cargo Manufacturing sector sustains exports from Mexican states in Q1 2026 apareció primero en T21.

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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El cargo Global supply and demand, with positive figures in Q1 2026 apareció primero en T21.