Mexican Exports Grow in August

Exports of Mexican products rose at a year-over-year rate of 40.4% in August, with a cumulative increase of 29.3% in the first eight months of the year, according to a report released Monday by the National Institute of Statistics and Geography (INEGI).

In this context, the total reached US$78 billion in August, bringing the total for the period to a record US$549.3 billion.

Meanwhile, foreign sales in August were driven primarily by non-automotive manufacturing exports, which rose to 63.2 percent—a sector that has seen a boom in computer equipment sales in recent years.

In the Meantime, imports rose 34.2% in the month and 26.8% through August, with increases of US$77.4 billion and a record high of US$539.5 billion, respectively.

As a result, Mexico posted a surplus of US$605.4 million in August and 9,860.3% for the period to date. In August 2026, the value of manufactured goods exports was US$73.6 million, representing a 42.6% increase year-over-year.

The largest increases were seen in exports of electrical and electronic equipment and appliances (122.3%), mining and metallurgical products (50.4%), plastic and rubber products (10.6%), food, beverages, and tobacco (10.0%), and machinery and specialized equipment for various industries (7.2%).

Meanwhile, exports of automotive products posted a 2.2% year-over-year decline, driven by a 1.0% drop in sales to the United States and a 7.8% decline in sales to other markets.

In the reference month, the value of petroleum exports was US$1.5 million. This amount consisted of US$827 million in crude oil sales and US$754 million in exports of other petroleum products.

During that month, the average price of Mexican crude oil for export stood at US$75.98 per barrel, which was US$0.86 higher than the previous month and US$13.64 higher than in August 2025.

The volume of crude oil exported reached 352,000 barrels per day, down from 520,000 barrels per day in July and 594,000 barrels per day in August 2025.

In contrast, the most significant increases were seen in exports of bell peppers (39.1%) and cucumbers (17.7%). Finally, extractive exports totaled US$1.6 billion, representing a year-over-year increase of 45.9%.

In contrast, the most significant increases were seen in exports of bell peppers (39.1%) and cucumbers (17.7%). Finally, extractive exports totaled US$1.6 billion, representing a year-over-year increase of 45.9%.

At the same time, intermediate goods were imported in the amount of US$63.2 million, a 41.9% increase over the figure reported in August 2025. This increase was driven by a 43.1% rise in imports of non-petroleum intermediate goods and a 23.7% rise in petroleum intermediate goods.