Mexico’s current account shifted to a USD 5.14 billion surplus in the second quarter of 2019 from an upwardly revised USD 3.19 billion deficit in the corresponding period of the previous year and well above market consensus of a USD 3.22 billion shortfall. It was the largest current account surplus on record, as the goods account swung to a USD 4.92 billion surplus from a USD 2.78 billion gap and the services shortfall narrowed to USD 1.25 billion from USD 2.43 billion. Additionally, the secondary income surplus widened to USD 9.21 billion from USD 8.84 billion a year earlier. Meanwhile, the primary income deficit rose to USD 7.74 billion from USD 6.82 billion. Current Account in Mexico averaged -2086.97 USD Million from 1960 until 2019, reaching an all time high of 5142.70 USD Million in the second quarter of 2019 and a record low of -11408.50 USD Million in the first quarter of 2017.

Current Account in Mexico is expected to be -5000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Mexico to stand at -4200.00 in 12 months time. In the long-term, the Mexico Current Account is projected to trend around -4500.00 USD Million in 2020, according to our econometric models.

Mexico Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-23 03:00 PM Current Account Q3 $-5081.5M $-3074.5M $-4400M $ -4300M
2019-02-25 03:00 PM Current Account Q4 $-3424M $-5703M $-3302M $-3500M
2019-05-24 02:00 PM Current Account Q1 $-5634M $-2937M $-9500M
2019-08-23 02:00 PM Current Account Q2 $5143M $-8508M $-3215M $-1900M
2019-11-25 03:00 PM Current Account Q3 $5143M $-5000M


Mexico Trade Last Previous Highest Lowest Unit
Balance of Trade -1117.00 2561.00 2561.00 -4642.52 USD Million [+]
Current Account 5142.70 -8508.20 5142.70 -11408.50 USD Million [+]
Current Account to GDP -1.80 -1.70 3.40 -6.10 percent [+]
Imports 40417.30 35388.25 44290.89 647.02 USD Million [+]
Exports 39300.50 37949.26 41825.44 1225.59 USD Million [+]
External Debt 456251.30 446097.80 456251.30 0.70 USD Million [+]
Terms of Trade 49.11 48.75 106.34 43.37 Index Points [+]
Foreign Direct Investment 5703.40 12399.10 21008.90 -63.90 USD Million [+]
Remittances 9402.60 7851.96 9402.60 158.70 USD Million [+]
Tourism Revenues 2167570.09 1976639.05 2522955.40 158919.00 USD Thousand [+]
Tourist Arrivals 2196.94 2163.38 2683.20 56.59 Thousand [+]
Gold Reserves 120.03 120.10 125.30 2.50 Tonnes [+]
Crude Oil Production 1681.00 1698.00 3547.00 1647.00 BBL/D/1K [+]
Terrorism Index 3.53 3.29 4.51 1.35 [+]
Capital Flows -2.20 -34.60 12079.70 -3457.70 USD Million [+]
Auto Exports 281.81 270.90 323.63 9.50 Thousand Units [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Mexico Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Mexico Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5142.70 -8508.20 5142.70 -11408.50 1960 - 2019 USD Million Quarterly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 17215.95 Mar/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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