Mexico’s trade balance swung to a surplus of $4.52 billion in April 2026, from a marginal deficit of $0.04 billion in the same month a year earlier, exceeding market expectations of a $1.41 billion surplus. Exports jumped 32.6% year-on-year to $72.04 billion, propelled by a 71% surge in extractive-industry shipments. Manufacturing exports also posted strong growth of 34%, supported by an 8.2% increase in automotive exports. Exports of agricultural and livestock products inched up by 0.1%.
On the import side, total purchases from abroad rose 24.1% to $67.52 billion, largely reflecting a 29.8% increase in imports of intermediate goods. Imports of consumer goods climbed 7.7%, while capital goods imports were up 1.3%. Cumulatively, from the start of the year through April, the trade balance showed a surplus of $247.63 billion.
