Mexico has a current account deficit of 12,582 million dollars

The current account shows the flows of goods, services and primary and secondary income between residents of Mexico and non-residents.

Banxico highlighted that the annual reduction in the current account deficit responded mainly to decreases in the deficits in the balance of oil merchandise, services and primary income, which was partially offset by a lower balance in the non-commercial merchandise balance. oil companies.

“The current account deficit of 12,582 million dollars was the result of credits for 179,795 million dollars and debits for 192,377 million dollars,” Banxico highlighted.

Foreign Direct Investment (FDI)

Mexico also reported the arrival of direct investment for 19,155 million dollars, of which 599 million refer to new investments and 19,615 million dollars are reinvestments by companies.