Monthly trade report
Mexico trade: January 2026
In January 2026, Mexico imported US$24.6 billion of goods by sea and air, down 13.3% from December 2025, according to Mexico customs (pedimento) data compiled by CargoFax.
ImportsExports
- Imports, January 2026
- US$24.6 billion
- Exports, January 2026
- US$11.2 billion
- Trade balance, January 2026
- -US$13.4 billion
Passenger car imports fell 66.9% as Mexico's sea and air trade eased in January
Mexico's sea and air imports reached US$24.6 billion in January 2026, down 13.3% from December. Passenger cars (HS 8703) fell 66.9% to US$799 million, and refined fuels (HS 2710) fell 30.0% to US$1.08 billion. Computers (HS 8471) moved the other way, rising 13.6% to US$1.76 billion. Imports from China, the largest supplier, fell 22.5% to US$7.10 billion, 28.9% of the total. Purchases from the United States declined for a third consecutive month, to US$3.20 billion. Sea freight carried 68.3% of import value, and Manzanillo handled 24.3%.
Sea and air exports fell 18.5% to US$11.2 billion. Passenger cars remained the largest export at US$1.78 billion, down 11.8%, while crude petroleum (HS 2709) fell 43.7% to US$601 million, its lowest monthly level since January 2025. Turbojets and gas turbines (HS 8411) rose 129.2% to US$488 million. The United States took 36.3% of export value.
Over November to January, sea and air imports totaled US$80.6 billion, 11.3% below the previous three months, while exports, at US$38.2 billion, were 2.5% higher.
What the data shows: January was a softer month for both flows, with the sharpest drop in imported cars. Year-on-year comparisons are not available for this month, and the data does not show why vehicle purchases eased.
Month at a glance
| Metric | January 2026 | December 2025 | Change |
|---|---|---|---|
| Import value (US$, customs value) | 24,557,038,369 | 28,332,082,255 | -13.3% |
| Export value (US$, declared value) | 11,153,285,164 | 13,690,048,074 | -18.5% |
| Trade balance (exports minus imports, US$) | -13,403,753,205 | -14,642,034,181 | |
| Import weight (tonnes) | 54,093,139 | 70,747,192 | -23.5% |
| Export weight (tonnes) | 22,143,937 | 26,000,670 | -14.8% |
| Import records | 1,607,092 | 1,799,706 | -10.7% |
| Export records | 394,773 | 350,640 | +12.6% |
| Importers | 20,220 | 22,396 | -9.7% |
| Exporters | 5,106 | 5,797 | -11.9% |
How does the month compare with the last three months, the quarter, and the year?
| Period | Total | Prior period | vs prior period |
|---|---|---|---|
| Imports Last 3 months Nov '25 – Jan '26 | 80,579,578,135 | 90,873,976,621 Aug – Oct '25 | -11.3% |
| Imports Quarter to date Jan '26 | 24,557,038,369 | 34,229,064,121 Oct '25 | -28.3% |
| Exports Last 3 months Nov '25 – Jan '26 | 38,237,407,357 | 37,287,010,700 Aug – Oct '25 | +2.5% |
| Exports Quarter to date Jan '26 | 11,153,285,164 | 13,504,903,711 Oct '25 | -17.4% |
Imports: What did Mexico import in January 2026?
By HS chapter
| HS | Category | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|---|
| 84 | Machinery and computers | 5,269,286,398 | 21.5% | -3.1% |
| 85 | Electrical equipment | 5,198,318,685 | 21.2% | -7.9% |
| 87 | Vehicles and parts | 2,059,740,006 | 8.4% | -50.6% |
| 27 | Mineral fuels and oils | 1,341,381,542 | 5.5% | -25.3% |
| 98 | Special classification provisions | 958,047,291 | 3.9% | +5.6% |
| 30 | Pharmaceutical products | 749,900,065 | 3.1% | -9.9% |
| 72 | Iron and steel | 652,922,034 | 2.7% | +15.1% |
| 39 | Plastics | 647,827,282 | 2.6% | -7.2% |
| 29 | Organic chemicals | 647,066,771 | 2.6% | +0.7% |
| 90 | Optical and medical instruments | 487,859,985 | 2.0% | -16.1% |
By product (HS4)
| HS | Product | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|---|
| 8471 | Computers | 1,755,588,767 | 7.1% | +13.6% |
| 8542 | Integrated circuits (chips) | 1,162,885,134 | 4.7% | -7.3% |
| 8517 | Phones and network equipment | 1,098,000,126 | 4.5% | -22.9% |
| 2710 | Refined petroleum fuels | 1,082,797,255 | 4.4% | -30.0% |
| 8708 | Vehicle parts and accessories | 842,095,188 | 3.4% | -16.0% |
| 8703 | Passenger cars | 798,965,570 | 3.3% | -66.9% |
| 9802 | HS heading 9802 | 572,496,844 | 2.3% | +28.9% |
| 3004 | Packaged medicines | 524,387,558 | 2.1% | +10.5% |
| 8802 | Aircraft n.e.c. in heading no. 8801, except unmanned... | 451,107,257 | 1.8% | +33.1% |
| 8473 | Computer and office machine parts | 423,906,670 | 1.7% | -40.2% |
Imports: what went up, what went down
Biggest increases
The largest increase came from computers (HS 8471): US$210 million more than in December 2025, up 13.6%.
| HS | Product | Prior month | This month | Change | % |
|---|---|---|---|---|---|
| 8471 | Computers | 1,545,458,346 | 1,755,588,767 | +210,130,421 | +13.6% |
| 9802 | HS heading 9802 | 444,308,921 | 572,496,844 | +128,187,923 | +28.9% |
| 8802 | Aircraft n.e.c. in heading no. 8801, except unmanned... | 338,878,957 | 451,107,257 | +112,228,300 | +33.1% |
| 3302 | Odoriferous substances and mixtures (including alcoholic... | 210,199,392 | 303,459,572 | +93,260,180 | +44.4% |
| 3004 | Packaged medicines | 474,409,912 | 524,387,558 | +49,977,646 | +10.5% |
Biggest decreases
Passenger cars (HS 8703) fell by US$1.61 billion from December 2025, more than any other product.
| HS | Product | Prior month | This month | Change | % |
|---|---|---|---|---|---|
| 8703 | Passenger cars | 2,413,581,823 | 798,965,570 | -1,614,616,253 | -66.9% |
| 2710 | Refined petroleum fuels | 1,546,135,812 | 1,082,797,255 | -463,338,556 | -30.0% |
| 8517 | Phones and network equipment | 1,424,803,944 | 1,098,000,126 | -326,803,818 | -22.9% |
| 8473 | Computer and office machine parts | 708,609,593 | 423,906,670 | -284,702,922 | -40.2% |
| 8704 | Trucks and pickups | 431,703,814 | 196,943,584 | -234,760,231 | -54.4% |
Where did Mexico's imports come from?
| Origin | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|
| China | 7,098,568,686 | 28.9% | -22.5% |
| United States | 3,201,497,566 | 13.0% | -12.4% |
| Taiwan | 1,984,544,416 | 8.1% | -1.8% |
| Germany | 1,330,059,367 | 5.4% | +0.6% |
| South Korea | 1,152,702,248 | 4.7% | -5.5% |
| Japan | 1,020,877,551 | 4.2% | +1.8% |
| Vietnam | 835,232,295 | 3.4% | -17.2% |
| Thailand | 639,581,256 | 2.6% | -29.4% |
| Italy | 597,586,041 | 2.4% | -17.8% |
| India | 551,853,348 | 2.2% | -16.1% |
Ports of entry
| Port | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|
| Manzanillo | 5,961,930,302 | 24.3% | -5.6% |
| Veracruz | 3,818,741,628 | 15.6% | -1.7% |
| Guadalajara airport | 3,544,512,671 | 14.4% | -6.3% |
| Lázaro Cárdenas | 2,473,292,784 | 10.1% | -32.6% |
| Altamira | 1,844,155,364 | 7.5% | +1.8% |
Imports: How did imports arrive: by sea, air, or land?
| Transport mode | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|
| Sea | 16,783,731,744 | 68.3% | -14.0% |
| Air | 7,773,306,625 | 31.7% | -11.8% |
Sea: top products, partners, and carriers
| # | Product | Origin |
|---|---|---|
| 1 | Refined petroleum fuels 6.5% | China 33.4% |
| 2 | Vehicle parts and accessories 4.9% | United States 13.2% |
| 3 | Passenger cars 4.8% | Germany 6.3% |
Air: top products, partners, and carriers
| # | Product | Origin |
|---|---|---|
| 1 | Computers 21.5% | Taiwan 23.1% |
| 2 | Integrated circuits (chips) 14.4% | China 19.2% |
| 3 | Phones and network equipment 12.2% | United States 12.7% |
Imports: Which import routes carried the most?
| # | Route | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|---|
| 1 | China → Manzanillo | 3,529,340,310 | 14.4% | -8.8% |
| 2 | Taiwan → Guadalajara airport | 1,630,507,552 | 6.6% | -0.0% |
| 3 | China → Lázaro Cárdenas | 1,389,126,919 | 5.7% | -43.6% |
| 4 | China → Guadalajara airport | 653,938,633 | 2.7% | -6.4% |
| 5 | Germany → Veracruz | 593,874,990 | 2.4% | -0.0% |
| 6 | Japan → Manzanillo | 503,519,579 | 2.1% | +2.8% |
| 7 | United States → Tuxpan | 500,412,654 | 2.0% | -24.8% |
| 8 | China → Felipe Ángeles airport (AIFA) | 471,107,617 | 1.9% | -23.9% |
| 9 | South Korea → Manzanillo | 463,636,421 | 1.9% | +1.9% |
| 10 | China → Ensenada | 429,172,844 | 1.7% | -1.6% |
Imports: Which imports grew and declined over the last three months?
Nov 2025 to Jan 2026 compared with Aug 2025 to Oct 2025. Items under 0.5% of the three-month total are left out.
Products
| Grew | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Passenger cars | 4,221,081,440 | 4,658,783,925 | +437,702,485 | +10.4% |
| Discs, tapes, solid-state non-volatile storage devices,... | 546,835,356 | 720,645,194 | +173,809,839 | +31.8% |
| Trucks and pickups | 753,376,122 | 892,635,442 | +139,259,319 | +18.5% |
| Maize | 474,621,357 | 561,528,088 | +86,906,731 | +18.3% |
| Integrated circuits (chips) | 3,638,859,886 | 3,710,575,122 | +71,715,236 | +2.0% |
| Declined | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Computers | 9,948,534,401 | 6,308,650,490 | -3,639,883,911 | -36.6% |
| Aircraft n.e.c. in heading no. 8801, except unmanned... | 2,390,241,670 | 1,502,615,079 | -887,626,591 | -37.1% |
| Flat panel display modules, whether or not incorporating... | 1,380,486,802 | 739,366,958 | -641,119,844 | -46.4% |
| Computer and office machine parts | 2,679,456,819 | 2,073,432,818 | -606,024,001 | -22.6% |
| Vehicle parts and accessories | 3,112,154,280 | 2,826,272,222 | -285,882,058 | -9.2% |
Countries
| Grew | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Thailand | 1,997,455,332 | 2,491,743,308 | +494,287,977 | +24.7% |
| Ireland | 940,661,260 | 1,022,462,058 | +81,800,798 | +8.7% |
| Chile | 472,740,463 | 504,435,760 | +31,695,298 | +6.7% |
| Netherlands | 372,981,421 | 404,123,068 | +31,141,647 | +8.3% |
| Malaysia | 1,427,473,843 | 1,439,960,121 | +12,486,278 | +0.9% |
| Declined | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Taiwan | 11,427,762,804 | 7,494,241,739 | -3,933,521,064 | -34.4% |
| United States | 12,681,862,678 | 10,715,317,502 | -1,966,545,176 | -15.5% |
| China | 24,887,593,519 | 23,747,541,587 | -1,140,051,932 | -4.6% |
| Brazil | 2,590,720,520 | 1,787,943,172 | -802,777,347 | -31.0% |
| Vietnam | 3,612,513,722 | 3,022,953,818 | -589,559,904 | -16.3% |
What did Mexico export in January 2026?
By HS chapter
| HS | Category | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|---|
| 87 | Vehicles and parts | 2,498,341,747 | 22.4% | -14.0% |
| 26 | Ores | 1,440,090,150 | 12.9% | -6.6% |
| 84 | Machinery and computers | 1,281,648,454 | 11.5% | -30.9% |
| 27 | Mineral fuels and oils | 993,449,832 | 8.9% | -39.1% |
| 85 | Electrical equipment | 827,066,865 | 7.4% | -25.5% |
| 88 | Aircraft | 600,387,774 | 5.4% | +16.4% |
| 71 | Precious stones and metals | 489,769,314 | 4.4% | -18.4% |
| 49 | Printed matter | 354,028,863 | 3.2% | +23.0% |
| 48 | Paper and paperboard | 235,587,046 | 2.1% | +70.6% |
| 89 | Ships and boats | 203,555,117 | 1.8% | -61.1% |
By product (HS4)
| HS | Product | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|---|
| 8703 | Passenger cars | 1,778,346,862 | 15.9% | -11.8% |
| 2709 | Crude petroleum | 601,197,874 | 5.4% | -43.7% |
| 2603 | Copper ores and concentrates | 588,755,926 | 5.3% | -19.4% |
| 8802 | Aircraft n.e.c. in heading no. 8801, except unmanned... | 581,024,882 | 5.2% | +22.5% |
| 8411 | Turbojets and gas turbines | 487,581,451 | 4.4% | +129.2% |
| 2607 | Lead ores and concentrates | 486,449,359 | 4.4% | -4.4% |
| 8704 | Trucks and pickups | 480,144,966 | 4.3% | -22.8% |
| 7108 | Gold, unwrought or semi-manufactured | 424,732,488 | 3.8% | -14.2% |
| 8471 | Computers | 373,365,013 | 3.3% | -64.8% |
| 4907 | Unused postage, revenue or similar stamps of current or... | 346,766,963 | 3.1% | +22.5% |
Exports: what went up, what went down
Biggest increases
Exports of turbojets and gas turbines (HS 8411) rose US$275 million from December 2025, the largest increase of any export product.
| HS | Product | Prior month | This month | Change | % |
|---|---|---|---|---|---|
| 8411 | Turbojets and gas turbines | 212,755,369 | 487,581,451 | +274,826,082 | +129.2% |
| 8802 | Aircraft n.e.c. in heading no. 8801, except unmanned... | 474,319,403 | 581,024,882 | +106,705,479 | +22.5% |
| 4810 | Paper and paperboard, coated one or both sides with... | 127,842,441 | 228,491,878 | +100,649,436 | +78.7% |
| 4907 | Unused postage, revenue or similar stamps of current or... | 283,135,874 | 346,766,963 | +63,631,089 | +22.5% |
| 2608 | Zinc ores and concentrates | 113,679,201 | 160,219,673 | +46,540,472 | +40.9% |
Biggest decreases
The largest export decrease was in computers (HS 8471), down 64.8% from December 2025.
| HS | Product | Prior month | This month | Change | % |
|---|---|---|---|---|---|
| 8471 | Computers | 1,059,853,790 | 373,365,013 | -686,488,777 | -64.8% |
| 2709 | Crude petroleum | 1,068,238,724 | 601,197,874 | -467,040,850 | -43.7% |
| 8703 | Passenger cars | 2,015,991,083 | 1,778,346,862 | -237,644,221 | -11.8% |
| 8905 | Light-vessels, fire-floats, dredgers, floating cranes,... | 365,419,000 | 140,110,337 | -225,308,663 | -61.7% |
| 2710 | Refined petroleum fuels | 501,399,814 | 333,571,048 | -167,828,765 | -33.5% |
Where did Mexico's exports go?
| Destination | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|
| United States | 4,047,888,629 | 36.3% | -23.0% |
| China | 1,116,304,485 | 10.0% | -1.5% |
| Germany | 615,171,000 | 5.5% | -48.3% |
| Brazil | 512,974,553 | 4.6% | -12.4% |
| South Korea | 435,484,763 | 3.9% | -32.2% |
| Spain | 354,814,761 | 3.2% | -21.7% |
| Chile | 326,286,313 | 2.9% | +202.4% |
| United Kingdom | 322,073,594 | 2.9% | -10.3% |
| Japan | 288,160,494 | 2.6% | -14.3% |
| Canada | 287,549,258 | 2.6% | +26.6% |
Customs offices of exit
| Port | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|
| Veracruz | 1,949,682,190 | 17.5% | +0.9% |
| Manzanillo | 1,788,316,135 | 16.0% | -1.4% |
| Altamira | 1,643,904,293 | 14.7% | -13.3% |
| Guadalajara airport | 1,107,292,513 | 9.9% | -44.5% |
| Mexico City airport (AICM) | 1,081,765,294 | 9.7% | +20.1% |
Exports: How did exports leave: by sea, air, or land?
| Transport mode | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|
| Sea | 7,652,819,307 | 68.6% | -18.7% |
| Air | 3,500,465,858 | 31.4% | -18.1% |
Sea: top products, partners, and carriers
| # | Product | Destination |
|---|---|---|
| 1 | Passenger cars 23.2% | United States 33.4% |
| 2 | Crude petroleum 7.9% | China 13.7% |
| 3 | Copper ores and concentrates 7.7% | Germany 6.5% |
Air: top products, partners, and carriers
| # | Product | Destination |
|---|---|---|
| 1 | Aircraft n.e.c. in heading no. 8801, except unmanned... 16.4% | United States 42.7% |
| 2 | Turbojets and gas turbines 13.7% | Chile 7.3% |
| 3 | Gold, unwrought or semi-manufactured 12.1% | United Kingdom 6.3% |
Exports: Which export routes carried the most?
| # | Route | Value (US$) | Share | vs Dec 2025 |
|---|---|---|---|---|
| 1 | Manzanillo → China | 761,679,038 | 6.8% | +24.1% |
| 2 | Veracruz → United States | 685,961,188 | 6.2% | +1.5% |
| 3 | Altamira → United States | 671,316,526 | 6.0% | -13.5% |
| 4 | Guadalajara airport → United States | 454,029,956 | 4.1% | -33.9% |
| 5 | Mexico City airport (AICM) → United States | 437,035,958 | 3.9% | +54.7% |
| 6 | Veracruz → Brazil | 337,885,563 | 3.0% | +14.5% |
| 7 | Veracruz → Germany | 266,724,481 | 2.4% | -8.1% |
| 8 | Lázaro Cárdenas → United States | 253,165,599 | 2.3% | -31.0% |
| 9 | Monterrey airport → Chile | 248,458,548 | 2.2% | new |
| 10 | Manzanillo → South Korea | 246,187,808 | 2.2% | -40.1% |
Exports: Which exports grew and declined over the last three months?
Nov 2025 to Jan 2026 compared with Aug 2025 to Oct 2025. Items under 0.5% of the three-month total are left out.
Products
| Grew | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Light-vessels, fire-floats, dredgers, floating cranes,... | 88,316,963 | 586,957,654 | +498,640,690 | +564.6% |
| Lead ores and concentrates | 872,962,060 | 1,334,706,063 | +461,744,003 | +52.9% |
| Computers | 2,328,896,838 | 2,752,813,570 | +423,916,731 | +18.2% |
| Gold, unwrought or semi-manufactured | 930,732,672 | 1,289,819,519 | +359,086,847 | +38.6% |
| Paper and paperboard, coated one or both sides with... | 263,416 | 356,465,777 | +356,202,361 | >+999% |
| Declined | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Crude petroleum | 3,670,765,819 | 2,573,249,083 | -1,097,516,736 | -29.9% |
| Aircraft n.e.c. in heading no. 8801, except unmanned... | 2,548,130,654 | 2,131,730,799 | -416,399,855 | -16.3% |
| Travelling circuses and travelling menageries, amusement... | 319,684,682 | 14,602,672 | -305,082,010 | -95.4% |
| Turbojets and gas turbines | 1,152,349,667 | 924,399,004 | -227,950,663 | -19.8% |
| Computer and office machine parts | 350,840,739 | 239,862,170 | -110,978,569 | -31.6% |
Countries
| Grew | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| China | 2,400,199,742 | 3,227,397,428 | +827,197,686 | +34.5% |
| Germany | 1,956,319,410 | 2,776,041,888 | +819,722,478 | +41.9% |
| United Kingdom | 675,122,607 | 1,170,960,712 | +495,838,105 | +73.4% |
| Malta | 12,689,907 | 212,543,079 | +199,853,172 | >+999% |
| Switzerland | 411,562,213 | 590,467,116 | +178,904,903 | +43.5% |
| Declined | Comparison period | Last 3 months | Change | % |
|---|---|---|---|---|
| Indonesia | 749,471,012 | 24,923,179 | -724,547,834 | -96.7% |
| France | 535,552,284 | 262,460,784 | -273,091,500 | -51.0% |
| Australia | 468,113,084 | 235,444,599 | -232,668,485 | -49.7% |
| South Korea | 1,860,779,298 | 1,633,633,206 | -227,146,092 | -12.2% |
| Japan | 1,163,341,680 | 969,906,743 | -193,434,937 | -16.6% |
Top importers in January 2026
20,220 importers received shipments this month. See who they are, what they bought, and from whom in Explorer.
| # | Importer | Value |
|---|---|---|
| 1 | Importer, HS 84 machinery and computers | |
| 2 | Importer, HS 27 mineral fuels and oils | |
| 3 | Importer, HS 84 machinery and computers | |
| 4 | Importer, HS 84 machinery and computers | |
| 5 | Importer, HS 85 electrical equipment | |
| 6 | Importer, HS 85 electrical equipment | |
| 7 | Importer, HS 87 vehicles and parts | |
| 8 | Importer, HS 84 machinery and computers |
Top exporters in January 2026
5,106 exporters shipped goods this month. See who they are, what they sold, and to whom in Explorer.
| # | Exporter | Value |
|---|---|---|
| 1 | Exporter, HS 27 mineral fuels and oils | |
| 2 | Exporter, HS 87 vehicles and parts | |
| 3 | Exporter, HS 88 aircraft | |
| 4 | Exporter, HS 26 ores | |
| 5 | Exporter, HS 26 ores | |
| 6 | Exporter, HS 87 vehicles and parts | |
| 7 | Exporter, HS 87 vehicles and parts | |
| 8 | Exporter, HS 84 machinery and computers |
12-month trend
| Month | Imports | Exports | Balance |
|---|---|---|---|
| Feb 2025 | 16,155,929,861 | 7,074,349,119 | -9,081,580,742 |
| Mar 2025 | 17,149,770,331 | 8,457,471,109 | -8,692,299,223 |
| Apr 2025 | 26,753,143,601 | 12,452,985,368 | -14,300,158,233 |
| May 2025 | 46,700,046,243 | 11,678,549,432 | -35,021,496,811 |
| Jun 2025 | 26,704,679,289 | 12,121,540,347 | -14,583,138,942 |
| Jul 2025 | 25,424,116,080 | 12,242,021,501 | -13,182,094,578 |
| Aug 2025 | 26,908,444,012 | 11,428,286,374 | -15,480,157,638 |
| Sep 2025 | 29,736,468,488 | 12,353,820,615 | -17,382,647,873 |
| Oct 2025 | 34,229,064,121 | 13,504,903,711 | -20,724,160,411 |
| Nov 2025 | 27,690,457,511 | 13,394,074,119 | -14,296,383,392 |
| Dec 2025 | 28,332,082,255 | 13,690,048,074 | -14,642,034,181 |
| Jan 2026 | 24,557,038,369 | 11,153,285,164 | -13,403,753,205 |
What looks unusual this month?
These changes may reflect a few large shipments, late records, or a classification change rather than a trend. Check them in the records before quoting them.
- Imports: HS 2603 (copper ores and concentrates) went from US$859 to US$87.3 million. Treat with caution: jumps this size often reflect a few large transactions or a classification change.
- Imports: Essential oils and cosmetics (HS 33) reached its highest monthly level since January 2025.
- Imports: Tools and cutlery (HS 82) reached its highest monthly level since January 2025.
- Imports: Vehicle parts and accessories (HS 8708) fell to its lowest monthly level since January 2025.
- Imports: HS heading 9802 (HS 9802) reached its highest monthly level since January 2025.
- Exports: Mineral fuels and oils (HS 27) fell to its lowest monthly level since January 2025.
- Exports: Printed matter (HS 49) reached its highest monthly level since January 2025.
- Exports: Paper and paperboard (HS 48) reached its highest monthly level since January 2025.
- Exports: Crude petroleum (HS 2709) fell to its lowest monthly level since January 2025.
Mexico trade facts, January 2026
- In January 2026, Mexico imported US$24.6 billion of goods by sea and air, down 13.3% from December 2025.
- No product heading was larger than computers (HS 8471), at US$1.76 billion.
- The largest increase came from computers (HS 8471): US$210 million more than in December 2025, up 13.6%.
- Passenger cars (HS 8703) fell by US$1.61 billion from December 2025, more than any other product.
- China was the top source of imports, supplying 28.9% of import value, followed by the United States at 13.0%.
- Mexico recorded a trade deficit of US$13.4 billion in January 2026: exports minus imports.
- Passenger cars (HS 8703) was the top export heading, at US$1.78 billion.
- Exports of turbojets and gas turbines (HS 8411) rose US$275 million from December 2025, the largest increase of any export product.
- The largest export decrease was in computers (HS 8471), down 64.8% from December 2025.
- The United States was the top destination, taking 36.3% of export value, followed by China at 10.0%.
Methodology
Mexico customs import declarations (pedimentos), sea and air. Mexico customs export declarations (pedimentos), sea and air. Import values are declared customs value values in US dollars. Export values are declared declared value values in US dollars. Categories follow the Harmonized System. Records are customs line items; importers are distinct importers with a record in the month. The latest month may be revised as late records arrive. No year-over-year comparison: January 2025 is not used as a comparison base. The period table leaves out a comparison that reaches before January 2025, when the series starts, or that includes a month not used as a base. Year to date is compared with the same months a year earlier. Records are Mexican customs declarations (pedimentos) for goods moved by sea and air, one record per declaration line, with declared values in US dollars. Mexico's land trade (trucks and rail across the US border), the largest part of its trade, is not covered, so totals describe sea and air trade only. Air records start in April 2025; January to March 2025 (sea only) and May 2025 (fuel import declarations about ten times their usual volume) are not used for comparisons. Exact duplicate rows are removed, and a few line values far above the usual price per kilogram of their product (for example steel rods declared at US$1.6 billion) are treated as recording errors. Regimes include definitive trade and temporary imports for manufacturing (IMMEX).
FAQ
Mexico trade, January 2026: frequently asked questions
How much did Mexico import in January 2026?
Mexico imported US$24.6 billion (customs value) by sea and air in January 2026, down 13.3% from December 2025, according to CargoFax customs records.
How much did Mexico export in January 2026?
Mexico exported US$11.2 billion (declared value) by sea and air in January 2026, down 18.5% from December 2025, according to CargoFax customs records.
What does Mexico import?
In January 2026, Mexico's largest imports were computers (HS 8471, US$1.76 billion), integrated circuits (chips) (HS 8542, US$1.16 billion), and phones and network equipment (HS 8517, US$1.10 billion). The largest HS chapter was machinery and computers, with 21.5% of the total.
What does Mexico export?
In January 2026, Mexico's largest exports were passenger cars (HS 8703, US$1.78 billion), crude petroleum (HS 2709, US$601 million), and copper ores and concentrates (HS 2603, US$589 million).
Where does Mexico import from?
The top origin countries for Mexico's imports in January 2026 were China (28.9%), the United States (13.0%), and Taiwan (8.1%), by share of value.
Where does Mexico export to?
The top destinations for Mexico's exports in January 2026 were the United States (36.3%), China (10.0%), and Germany (5.5%).
What is Mexico's trade balance?
Mexico recorded a trade deficit of US$13.4 billion in January 2026: exports of US$11.2 billion against imports of US$24.6 billion.
Are Mexico's imports going up or down?
Mexico's imports are falling. From November 2025 to January 2026, they totaled US$80.6 billion, down 11.3% from the three months before.
How do goods reach Mexico: by sea, air, or land?
In January 2026, sea freight carried 68.3% and air freight carried 31.7% of Mexico's imports by value.
What are Mexico's main ports of entry?
In January 2026, Mexico's main points of entry were Manzanillo with 24.3%, Veracruz with 15.6%, and Guadalajara airport with 14.4% of imports.
How many companies import into Mexico?
20,220 distinct importers and 5,106 distinct exporters appear in Mexico's customs records for January 2026. Their names are available to subscribers in Atlas Explorer.
Where can I get Mexico import and export data?
CargoFax publishes this Mexico trade report free every month. The Mexico customs records behind it, with company names, HS codes, countries, and ports, are searchable in Atlas Explorer and available in bulk through Files.
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