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. source: Banco de México
Current Account in Mexico averaged -1667.05 USD Million from 1950 until 2021, reaching an all time high of 17209.40 USD Million in the fourth quarter of 2020 and a record low of -11691.80 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 November of 2021.
Current Account in Mexico is expected to be 7000.00 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 2000.00 USD Million in 2022 and 500.00 USD Million in 2023, according to our econometric models.