Mexico reported a $606 million trade deficit for September, a sharp contraction from the $2.48 billion gap recorded during the same month last year. National statistics institute Inegi confirmed that robust export performance, driven by a surge in manufactured goods, successfully outpaced the country's rising import volume.
Exports climbed 37.9% to reach $77.8 billion, while imports increased by 33.1% to $78.4 billion. The manufacturing sector remained the primary engine of growth, with total shipments rising 39% to $72.8 billion. Automotive exports saw a 5.7% increase, and the electronics sector posted a near-doubling of export value.
Energy trade presented a mixed picture. While petroleum exports rose 9.6% to $1.8 billion, the gains were driven by price rather than volume. Crude oil prices averaged $92 per barrel—an increase of $30.66—even as daily export volumes dropped to 466,000 barrels from 653,000 in September 2025. On the import side, petroleum costs jumped 31% to $5.16 billion.
Intermediate goods, a critical component of Mexico's industrial supply chain, saw imports climb 38.8% to $63.1 billion. Equipment and machinery imports also rose, growing 18.7% to $5.48 billion. Following these September results, the nation’s trade balance for the first nine months of the year stands at a $9.25 billion surplus, a significant reversal from the $3.4 billion deficit seen in the same period last year.
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