Mexico sold 77,796.6 million dollars of goods abroad in September 2026, up 37.9% from September 2025, according to timely trade figures INEGI published on 27 October 2026.
Mexico's exports, January to September 2026
Millions of dollars, and change on the same months of 2025
Most of the growth came from outside the auto sector. Manufactures other than vehicles and parts rose 53.0% in the month, to 56,338.7 million dollars. Automotive exports rose 5.7%, to 16,434.1 million. Mining exports other than oil rose 66.8%, and oil exports rose 9.6% to 1,803.2 million.
January to September
From January to September 2026, exports totaled 627,194.2 million dollars, up 30.4% on the same months of 2025. Non-automotive manufactures drove most of the increase, rising 46.0% to 436,638.0 million. Automotive exports reached 141,958.7 million, up only 1.3%. Mining exports rose 74.1%, to 16,605.7 million, while oil exports were flat (down 0.2%) and farm and fishing exports fell 2.4%.
Put another way, for every dollar of vehicles and parts that Mexico exported in the first nine months of 2026, it exported about 3.08 dollars of other manufactures. A year earlier, working back from INEGI's growth rates, the ratio was about 2.1. Both ratios are our arithmetic: non-automotive manufactures divided by automotive exports.
The mix has shifted as a result. Manufactures made up 92.3% of everything Mexico exported from January to September 2026, up from 91.2% in the same months of 2025, as first published. Petroleum fell from 3.4% of exports to 2.6%, and mining rose from 2.0% to 2.6%, so the two now weigh the same.
Imports rose too, and the month closed in deficit
Imports grew almost as fast, by 33.1% in September, to 78,402.7 million dollars. Most of that was intermediate goods, the parts and materials that plants in Mexico transform and ship back out: 63,103.3 million, up 38.8%. Imports of consumer goods rose 11.4%, and capital goods rose 18.7%.
September therefore closed with a trade deficit of 606.1 million dollars, after a surplus of 605 million in August. From January to September, the balance is a surplus of 9,254.2 million dollars, against a deficit of 3,398 million in the same months of 2025, as INEGI now reports it.
Exports and intermediate imports moving together is the usual shape of Mexican trade: a large share of what the export plants ship is first imported as parts. When non-automotive exports grow by nearly half, the inputs that feed them grow with them.
Revisions
These are INEGI's timely figures, which it revises. INEGI will release the revised September figures and the timely October figures on 27 November 2026, and the revised release will include product-level detail showing which lines are behind the jump.
Sources
- INEGI, Balanza comercial de mercancías de México, información oportuna, septiembre de 2026 (bulletin 638/26), 27 October 2026
- INEGI, the same release for September 2025 (bulletin 568/25), for the 2025 shares as first published, 27 October 2025
- Wikipedia, Economy of Mexico (context), 27 October 2026
Figures checked at their original sources on 27 October 2026. See an error? Corrections.