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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