Mexico’s current account deficit narrowed to USD 6,523 million in the first quarter of 2022 from the USD 9,277 million in the corresponding period of 2021, largely due to larger receipts from travel and remittances. The primary account gap significantly narrowed to USD 11,366 million from USD 14,353 million, while the secondary account surplus widened to USD 12,322 million from USD 10,471 million. Also, the services account gap narrowed to USD 2,543 million from USD 3,971 million. On the other hand, the goods account recorded a deficit of USD 4,936 million, swinging from a surplus of USD 16,716. source: Banco de México

Current Account in Mexico averaged -1692.01 USD Million from 1950 until 2022, reaching an all time high of 17208.20 USD Million in the fourth quarter of 2020 and a record low of -11687.40 USD Million in the first quarter of 2017. This page provides - Mexico Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Current Account in Mexico is expected to be 3661.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Current Account is projected to trend around 5800.00 USD Million in 2023 and 7500.00 USD Million in 2024, according to our econometric models.

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Mexico Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-02-25 03:00 PM Q4 $2958M $-4651M $-3060M
2022-05-25 02:00 PM Q1 $-6523M $2741M $-5950M
2022-08-25 02:00 PM Q2 $-6523M $3361M


Related Last Previous Unit Reference
Current Account -6523.00 2741.00 USD Million Mar 2022
Current Account to GDP 2.40 -0.30 percent of GDP Dec 2020
External Debt 447827.90 454434.60 USD Million Dec 2021
Terms of Trade 44.78 44.71 points Jun 2022
Foreign Direct Investment 19427.50 3790.50 USD Million Mar 2022
Remittances 15043.11 12521.39 USD Million Jun 2022
Oil Exports 4096.25 3809.13 USD Million Jun 2022
Non Oil Exports 47137.84 46196.01 USD Million Jun 2022
Capital Flows -6.20 -12.90 USD Million Mar 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-6523.00 2741.00 17208.20 -11687.40 1950 - 2022 USD Million Quarterly
Current Prices, NSA

News Stream
Mexico Current Account Deficit Narrows in Q1
Mexico’s current account deficit narrowed to USD 6,523 million in the first quarter of 2022 from the USD 9,277 million in the corresponding period of 2021, largely due to larger receipts from travel and remittances. The primary account gap significantly narrowed to USD 11,366 million from USD 14,353 million, while the secondary account surplus widened to USD 12,322 million from USD 10,471 million. Also, the services account gap narrowed to USD 2,543 million from USD 3,971 million. On the other hand, the goods account recorded a deficit of USD 4,936 million, swinging from a surplus of USD 16,716.
2022-05-25
Mexico Q4 Current Account Surplus Narrows Sharply
Mexico's current account surplus narrowed sharply to USD 2,958 million in the last quarter of 2021, from a USD 17,208 million surplus in the same period of 2020, due to a deterioration in Mexico’s foreign trade net position. The goods account recorded a USD 2,241 million deficit, compared with a USD 15,417 million surplus a year earlier, as imports soared 27.5% to USD 137,565 million and exports went up a slower 9.8% to USD 135,324 million, while the services deficit narrowed to USD 2,882 million from USD 3,461 million a year earlier. Also, the secondary income surplus widened to USD 14,024 million from USD 10,450 million. On the other hand, the services shortfall shrank to USD 1,596 million from USD 2,561 million a year earlier and the primary income gap expanded to USD 7,228 million from USD 6,098 million. Considering 2021 as whole, Mexico’s current account switched to a USD 4,866 million deficit from a USD 26,210 million surplus in 2020.
2022-02-25
Mexico Current Account Swings to Deficit in Q3
Mexico posted a current account deficit of USD 4070 million in the third quarter of 2021, switching from a USD 17,092 million surplus in the same period of 2020, mainly due to a deterioration in Mexico’s foreign trade net position. The goods account recorded a USD 10,338 million gap, swinging from a USD 16,209 million surplus a year earlier, as imports soared 40.5% to USD 133,245 million and exports went up a slower 10.7% to USD 122,881 million, while the services deficit narrowed to USD 2,882 million from USD 3,461 million a year earlier. At the same time, the primary income gap decreased to USD 4,415 million, compared to USD 6,202 million last year, and the secondary income surplus widened to USD 13,565 million from USD 10,547 million.
2021-11-25