The European champions Portugal placed third on their Confed Cup debut although World Footballer Cristiano Ronaldo was already at home to see his newborn twins.
Luis Neto bundled into his own net to hand Mexico a 54th-minute lead, but Pepe slotted home a stoppage-time equaliser to force an extra 30 minutes at Spartak Stadium.
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Portugal, who missed a spot kick given thanks to the video assistant referees 16 minutes into the match, were awarded a second penalty after 104 minutes when Miguel Layun handled the ball.
Portugal star Cristiano Ronaldo has left the Confederations Cup in Russian Federation to join his twin sons who were born before the tournament began. According to the old tradition, games for the third place are effective, opponents play at their pleasure, trying to finish the tournament with a lovely game.
Both teams ended the match with 10 men with Nelson Semedo of Portugal sent off on 106 minutes while Mexico's Raul Jimenez got a red card six minutes later for a second booking.