Report published September 28, 2026

Latam Daily: Mexican International Trade Surge Continues – Scotiabank Economic Research

Scotiabank · September 28, 2026

Mexico's foreign trade maintained strong momentum in August, yielding a $605.4 million surplus with exports reaching $78 billion (+40.4% YoY) and imports rising to $77.4 billion (+34.2% YoY). Growth was largely driven by non-automotive manufacturing exports and intermediate goods imports.

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Finvaulta summarizes Scotiabank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Mexico logged an August trade surplus of $605.4 million, with exports of $78 billion and imports of $77.4 billion.
2.Total exports surged 40.4% YoY, powered by non-automotive manufacturing (63.2%) and non-oil extractive exports (45.9%), offsetting contractions in automotive, oil, and agricultural exports.
3.Imports expanded 34.2% YoY, primarily propelled by a 41.9% rise in intermediate goods, while consumer and capital goods posted more modest growth.

Mexico: Foreign trade maintains strong momentum in August

Report data

Chart 1

Metric	Estimate	Context
August Exports	78.0 USD Billion	Mexico's total foreign exports in August
August Imports	77.4 USD Billion	Mexico's total foreign imports in August
August Trade Balance	605.4 USD Million	Mexico's trade balance surplus in August
Non-automotive Manufacturing Export Growth	63.2 % YoY	Growth in non-automotive manufacturing exports
Intermediate Goods Import Growth	41.9 % YoY	Annual growth in intermediate goods imports in August