Mexico Hits Record $70.7B Exports in March, Extends US Lead

28. april 2026

Rapportert av AI

Building on its top position in US imports through February, Mexico posted a record $70.7 billion in total exports for March 2026, up 27.7% year-over-year, with a $5.9 billion trade surplus. Non-automotive manufactures drove the surge amid US supply chain shifts, while deseasonalized figures rose 8.5% from February.

Automotive exports grew modestly by 2% overall but fell 3.4% to the US. Non-automotive manufactures jumped 43.7%, led by minerometallurgy (+61.8%), electrical/electronic equipment (+17.8%), and food/beverages/tobacco (+14.4%).

Non-oil exports to the US (ex-autos) rose 43.9%, even as oil values dropped 20.4% with volumes halving to 495,000 barrels daily. Mexico continued gaining share in ICT (to 20.6%), aerospace (to 7.2%), and flexible manufacturing (to 6.4%), aided by logistics advantages, tariffs, and T-MEC exemptions from US surcharges.

Banxico forecasts nearshoring benefits from 2026-2030, though challenges like customs delays, logistics security, and energy shortages persist.

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Photorealistic depiction of South Korea's Busan port with cargo ships carrying semiconductors, overlaid graphs showing record $86.13 billion exports.

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mandag, 20. april 2026, 19:55

Mexico Hits Record $70.7B Exports in March, Extends US Lead

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