May exports to US break record even as USMCA renewal stalls

Mexico set a new monthly record for exports to the United States in May 2026, reaching $54.18 billion, a 17.5% increase from May 2025. Despite the U.S. declining to renew the USMCA for an additional 16 years, the trade agreement remains in effect, and Mexico maintained a significant trade surplus with the U.S. in May and the first five months of 2026.