27.04.202612:29:56UTC+00Mexico Trade Surplus Widens in March

Mexico’s trade surplus widened by 80.3% year-on-year to $5.93 billion in March 2026, sharply surpassing market expectations of a $0.72 billion surplus. Total exports jumped 27.7% to $70.73 billion, driven by a 29.6% increase in non-oil shipments.

Manufactured exports were the main growth engine, rising 29.5% to $64.72 billion. Within this category, there were notable advances in mining and metallurgical products (61.8%), electrical and electronic equipment (17.8%), food and beverages (14.4%), and automotive products (2.0%).

Agricultural and fishery exports increased 0.7% to $2.22 billion, supported primarily by strong growth in edible fruits (38.5%) and citrus products (36.1%). In contrast, oil exports fell 20.4% to $1.71 billion, as crude export volumes declined to 495,000 barrels per day from 827,000 a year earlier.

Imports climbed 24.3% to $64.79 billion, reflecting a broad-based increase across categories: consumer goods imports rose 19.3%, intermediate goods 27.2%, and capital goods 7.0%.

Over the first quarter of 2026 as a whole, Mexico posted a trade deficit of $1.01 billion.