Mexico Current Account Deficit Widens in Q1 2026

2026-05-25 15:42 By Isabela Couto 1 min. read

Mexico’s current account posted a deficit of $15.88 billion in the first quarter of 2026, widening from a $13.34 billion gap in the same period of 2025 and missing forecasts of a $9.38 billion deficit.

The January–March deficit reflected a $2.41 billion shortfall in the goods and services balance and a $28.06 billion deficit in the primary income balance, partly offset by a $14.59 billion surplus in the secondary income balance.

Compared with a year earlier, Mexico recorded wider deficits in the petroleum trade balance, services balance, and primary income balance.

Meanwhile, larger surpluses in the non-petroleum trade balance and secondary income balance helped cushion the deterioration.

As a share of GDP, the current account deficit stood at 3.1% in Q1 2026, broadly stable from the 3.2% deficit recorded a year earlier.



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Mexico Current Account Deficit Widens in Q1 2026
Mexico’s current account posted a deficit of $15.88 billion in the first quarter of 2026, widening from a $13.34 billion gap in the same period of 2025 and missing forecasts of a $9.38 billion deficit. The January–March deficit reflected a $2.41 billion shortfall in the goods and services balance and a $28.06 billion deficit in the primary income balance, partly offset by a $14.59 billion surplus in the secondary income balance. Compared with a year earlier, Mexico recorded wider deficits in the petroleum trade balance, services balance, and primary income balance. Meanwhile, larger surpluses in the non-petroleum trade balance and secondary income balance helped cushion the deterioration. As a share of GDP, the current account deficit stood at 3.1% in Q1 2026, broadly stable from the 3.2% deficit recorded a year earlier.
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