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.

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Mexico Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-08-25 02:00 PM Q2 $6286M $-5135M $400M $500M
2021-11-25 03:00 PM Q3 $-4070M $6045M $7000M


Related Last Previous Unit Reference
Current Account -4070.00 6045.00 USD Million Sep/21
Current Account to GDP 2.40 -0.30 percent of GDP Dec/20
External Debt 459892.60 460516.80 USD Million Jun/21
Terms of Trade 45.74 46.09 points Oct/21
Foreign Direct Investment 5446.30 5807.90 USD Million Sep/21
Remittances 13686.84 13002.89 USD Million Sep/21
Oil Exports 2771.95 2437.97 USD Million Oct/21
Non Oil Exports 39185.19 39242.06 USD Million Oct/21
Capital Flows -19.00 -10.10 USD Million Sep/21

News Stream
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
Mexico Current Account Swings to Surplus in Q2
Mexico’s current account switched to a USD 6286 million surplus in the second quarter of 2021 from a USD 757 million deficit in the same period of 2020 and exceeded the market expectations of a USD 400 million surplus. The goods account recorded a USD 2631 million surplus, swinging from a USD 1165 million gap a year earlier and the secondary income surplus widened to USD 12857 million from USD 9806 million. Also, the services gas narrowed to USD 2819 million from USD 3941 million while the primary income shortfall rose to USD 6383 million from USD 5457 million.
2021-08-25
Mexico Current Account Gap Narrows in Q1
Mexico’s current account deficit fell to USD 5.1 billion in the first quarter of 2021 from USD 7.5 billion in the same period of the previous year and defying market expectations of a USD 10.8 billion surplus. The primary income gap narrowed to USD 10 billion from USD 19 billion in the first quarter of 2020; and the secondary income surplus rose to USD 10.4 billion from USD 9.3 billion, mainly due to higher remittances. Conversely, the goods account shifted to a deficit of USD 1.5 billion compared to a surplus of USD 3.5 billion in the first quarter of 2020; and the services gap rose to USD 4.1 billion from USD 1.3 billion, amid lower tourism revenues.
2021-05-25

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).