Tuesday, October 27, 2026 · Cancún, Q. Roo Water Power Weather Fuel ES EN
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Mexico posts $606 million trade deficit in September; consumer fuel imports jump 40.9%, INEGI says

The country imported more than it exported in September, but still holds a surplus for the year. Mexican crude averaged $92 a barrel.

By Miguel Díaz Miró · Responsible editor ·
Shipping containers at a cargo port, illustrating Mexico's foreign trade

Mexico recorded a trade deficit of $606 million in September 2026, meaning the value of its imports exceeded that of its exports, according to preliminary merchandise trade data released Tuesday, Oct. 27, by the national statistics agency INEGI. The result compares with a $605 million surplus in August.

INEGI said exports totaled $77.797 billion, up 37.9% from September 2025, while imports reached $78.403 billion, up 33.1%. For January through September, the balance remains positive: a surplus of $9.254 billion, versus a $3.398 billion deficit in the same period last year.

What hits your wallet: gasoline and gas

The figure most directly tied to households is fuel. According to INEGI, imports of petroleum consumer goods, which the report identifies as gasoline and butane and propane gas, totaled $1.8429 billion in September, an annual increase of 40.9%. Year to date, that category reached $14.0459 billion, up 27.7% from 2025.

INEGI also reported that Mexico's export crude blend averaged $92.00 per barrel in September, $16.02 more than in August and $30.66 above September 2025.

The oil balance as a whole showed a $3.354 billion deficit for the month, meaning Mexico sells less crude and fuel abroad than it buys.

What drove exports

INEGI attributed export growth mainly to non-automotive manufacturing, up 53.0% year over year, led by electrical and electronic equipment, which jumped 94.7%. Automotive exports rose 5.7%. The United States took 84.8% of non-oil exports from January to September.

Seasonally adjusted figures, which allow month-to-month comparison, showed a $1.069 billion surplus, down from $3.751 billion in August.

What it means for Cancún

  • Tourism is not in this number. The merchandise balance only counts goods that clear customs with a customs declaration, according to INEGI's methodology. Spending by foreign visitors in Cancún is counted separately as services, so this deficit does not measure how the destination is doing.
  • Fuel is the item to watch. Quintana Roo has no refineries and relies on fuel shipped in from outside the state. In recent weekly reports, consumer agency Profeco found a Cancún station selling the country's most expensive diesel.
  • What to do: before filling up, compare station prices with Profeco's "Quién es Quién en los Precios" tool. If you get short-pumped or charged above the posted price, file a complaint with the Consumer Hotline at 55 5568 8722 (800 468 8722).

INEGI will publish the next trade report, with October data, on Nov. 27, 2026.

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