Mexico Current Account Rebounds in Q2 2025
Mexico experienced a current account surplus of $206 million in the second quarter of 2025, marking a significant shift from a $911 million deficit in the same period the previous year. This positive change was largely attributed to an enhanced non-oil goods balance and a reduction in the services deficit. It should be noted, however, that these gains were partly offset by increased deficits in oil trade and primary income, as well as a reduced secondary income surplus.
In detail, the goods and services category achieved an $887 million surplus. This was the result of a $1.72 billion surplus in goods, which was counterbalanced by an $833 million deficit in services. The primary income deficit was reported at $15.9 billion, composed of $5.7 billion in credits against $21.6 billion in debits. Secondary income registered a surplus of $15.2 billion, driven predominantly by remittances totaling $15.3 billion. Despite this, there was an 11.2% decline in remittance inflows compared to the previous year, while outflows decreased by 13.6% to $299 million.
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