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

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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South Korea's March exports hit $86.13 billion, all-time high

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South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.

Mexico solidified its position as the top US trading partner in February 2026, with exports totaling $44.3 billion, or 17.5% of total US imports. This marks a significant rise from prior periods, as China dropped to fourth place. The figures come from the US Census Bureau.

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Colombian exports reached US$5.315.9 million FOB in March 2026, up 20.9% from March 2025, according to the Dane. The growth was driven mainly by a 149.2% rise in the other sectors group, led by non-monetary gold. For the first quarter, exports totaled US$13,809.5 million, a 15.5% increase.

South Korea's exports surged 49.4 percent year-on-year to $50.4 billion in the first 20 days of April, driven by robust semiconductor demand, Korea Customs Service data showed Tuesday. Imports rose 17.7 percent to $39.9 billion, yielding a $10.4 billion trade surplus.

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The Mexican export blend price hit 99.21 dollars per barrel, its highest in over three years and eight months, driven by Middle East tensions. This exceeds the SHCP's 2026 forecast by 80.7%. Fuel prices in Mexico rose moderately, with diesel most affected.

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