Mexico posts $606 million trade deficit in September
After August's surplus, imports outpaced exports, with shipments abroad up 37.9% from a year earlier and imports up 33.1%.
Mexico bought $606 million more in goods from abroad than it sold in September, according to INEGI, the national statistics institute. August had closed with a $605 million surplus.
Exports totaled $77,797 million, up 37.9% from September 2025. Imports reached $78,403 million, up 33.1%.
The swing came from non-oil products, whose surplus shrank from $4,047 million in August to $2,748 million. The oil deficit narrowed from $3,441 million to $3,354 million. With July, also negative, the three months look like this:
| Month | Exports | Imports | Balance |
|---|---|---|---|
| July | 81,420 | 82,268 | -848 |
| August | 78,010 | 77,405 | 605 |
| September | 77,797 | 78,403 | -606 |
Non-automotive goods drove the gain in exports, rising 53.0% from a year earlier, while auto exports gained 5.7%. Among manufactured goods, electrical and electronic equipment jumped 94.7%. Non-oil exports to the United States grew 43.5%, and shipments to the rest of the world rose 16.4%.
Intermediate goods, the inputs factories use to make other products, led the import side at $63,103 million, up 38.8% from a year ago.
Through the first nine months of 2026, the balance shows a surplus of $9,254 million, against a $3,398 million deficit in the same period of 2025. That already far exceeds the surplus for all of 2025, which was $209 million.
The figures are preliminary, and INEGI revises them when it publishes final data. The next trade release is due Nov. 27.
