Global supply & demand in Mexico increased

Mexican exports showed a slight increase in the first quarter of 2026, within the context of the global economy; the Quarterly Global Supply and Demand (ODGT)—an indicator that tracks the performance of household, government, and business spending on fixed capital purchases and exports—showed growth of just 0.3% from January through March of this year compared to the last quarter of last year.

Both the indicator and its components showed mixed performance, which explains the 0.6% contraction of the Mexican economy in the first quarter of 2026 compared to the previous period.

Domestically, exports of goods and services grew 0.8% in the first quarter of 2026 compared to the previous period. Export figures continued to rise despite the tariffs imposed by the US government, although the growth rate was lower than that reported a quarter earlier, when exports grew 1.1% quarter-over-quarter.

Fixed capital investment—that is, spending by companies on the acquisition of machinery, tools, transportation, and construction—contracted by 1.9% in January–March compared to the previous period.