This article by Roberto Morales originally appeared in the June 9, 2026 edition of El Economista, a Mexican business and finance newspaper.
Mexican product exports to the United States grew at a year-on-year rate of 21.1%, to $50.692 billion, the U.S. Census Bureau reported on Tuesday. In turn, Mexican imports from the United States increased 27.3%, to $35.343 billion, yielding a trade surplus for Mexico of $15.349 billion.
This was the most recent result available to both governments ahead of the meeting scheduled for July 1, in which they will formally define their positions on the continuity of the Mexico-United States-Canada Agreement (USMCA) or any related terms.
From January through April of this year, Mexico remained the United States’ top trading partner in goods, with a 16.4% share of total flows, followed by Canada (12.4%) and China (6.1 percent).
Over those four months, Mexican external sales to the U.S. market totaled $188.723 billion, an advance of 9.1% year-on-year. By contrast, Canadian exports to that same destination shrank 8.1%, to $126.620 billion, and those of China decreased 37.1%, to $80.662 billion.
With strong dynamism, the next two foreign suppliers to the U.S. economy recorded double-digit gains: Taiwan exported products worth $91.524 billion (+88.1%) and Vietnam sold merchandise worth $76.268 billion (+39.8 percent).
In these first four months of 2026, U.S. exports to the Mexican market totaled $128.613 billion, a year-on-year increase of 14.9%. With this, the U.S. trade balance with Mexico recorded a deficit of $60.110 billion, which was reduced 1.7% compared with the same period of 2025.
Globally, the dynamism of Mexico’s foreign trade reached a historic milestone during April, driven by an unprecedented rebound in both outbound and inbound merchandise flows. According to the report from the National Institute of Statistics and Geography (Inegi), Mexican exports broke records by registering a year-on-year expansion of 32.6%, representing the most accelerated and vigorous growth pace for a single month since June 2021.
With this substantial gain, the total value of products shipped abroad climbed to $72.041 billion, consolidating the competitive position of the Mexican productive apparatus, especially within the framework of North American regional integration and global value chains.
In complementary terms, goods imports to Mexico experienced a solid upward trend with a year-on-year increase of 24.1%, totaling $67.521 billion in the reference period.
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