FX.co ★ Mexico Swings to Trade Surplus in March, Reversing February Deficit

Mexico’s trade balance posted a sharp turnaround in March 2026, shifting from a deficit to a solid surplus, according to data updated on 27 April 2026.

After recording a trade deficit of USD -1.090 billion in February 2026, Mexico’s external accounts improved markedly the following month. The country’s trade balance rose to a surplus of USD 2.499 billion in March 2026, signaling a significant month-on-month adjustment in the flow of goods with the rest of the world.

The move from deficit to surplus suggests a strong rebound in net exports during the period. While detailed drivers such as sector breakdowns or export and import volumes were not disclosed in the available data, the headline figure points to a notable strengthening in Mexico’s external position as the first quarter of 2026 came to a close.