Mexico’s trade surplus widened to $2.26 billion in May 2026 from $1.23 billion in the same month a year earlier, though it came in well below market expectations of a $4.6 billion surplus. Exports rose 32.6% year-on-year to $69.5 billion, matching April’s growth rate. The increase was driven by an 88.7% jump in mining exports and a 25.1% rise in manufacturing shipments, led in particular by machinery and specialized industrial equipment, while automotive exports fell 2.2%.
On the import side, purchases from abroad accelerated 24.1% to $67.3 billion, largely reflecting higher imports of intermediate goods, especially oil, which climbed 31.5%. Imports of consumer goods and capital goods also advanced, by 6.5% and 1.6%, respectively. Over the first five months of 2026, Mexico recorded a cumulative trade surplus of $5.78 billion.
