FX.co ★ Mexico’s Trade Deficit Narrows Sharply in February 2026

Mexico’s trade balance showed a marked improvement in February 2026, with the deficit narrowing to USD -0.463 billion from a much wider shortfall of USD -6.481 billion recorded in January 2026. The latest data, updated on 27 March 2026, indicate a significant month-on-month adjustment in the country’s external trade position.

While the balance remained in negative territory, the sharp reduction in the deficit suggests a substantial shift in the relationship between exports and imports compared with the start of the year. The move from a deep January gap to a relatively modest February deficit will be closely watched by analysts monitoring Mexico’s external accounts, competitiveness, and potential implications for the peso and broader macroeconomic outlook.

The updated figures provide investors and policymakers with a clearer snapshot of Mexico’s trade dynamics heading into the remainder of 2026, as global demand, commodity prices and supply chain conditions continue to shape the country’s trade performance.