Balance of payments   >   (CE174) -  Balance of Payments - BPM6 basis - new format (start date:2006)
  Balance of payments     (CE174) -  Balance of Payments - BPM6 basis - new format (start date:2006)

Period: Jan-Mar 2006 - Jan-Mar 2018, Quarterly, Millions of U.S. Dollar, Current Flows

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Jul-Sep 2017 Oct-Dec 2017 Jan-Mar 2018
Balance of Payments - BPM6 basis - new format (start date:2006)
Current account (I - II)
-5,463 -2,872 -6,941
I. Credit (A + B + C + D)
118,519 128,003 122,744
A. Goods
101,928 110,262 105,330
Exports of merchandise 1/
101,851 110,183 105,242
Goods procured in ports by carriers
77 78 88
B. Services
6,329 7,326 7,623
Transport
491 531 525
Travel
4,850 5,378 6,217
Insurance and pension services
830 1,187 633
Financial services
69 166 169
Other services
88 63 80
C. Primary income
2,864 2,839 2,685
Reinvested earnings and dividends
1,487 1,158 969
Reinvested earnings
1,133 895 964
Dividends
354 263 5
Interest
879 1,165 1,247
Other primary income
498 516 468
D. Secondary income
7,398 7,577 7,106
Workers' remittances
7,320 7,506 7,036
Other secondary income
78 71 70
II. Debit (A + B + C + D)
123,982 130,875 129,685
A. Goods
108,005 112,135 107,144
Imports of merchandise 1/
107,901 112,030 107,019
Goods procured in ports by carriers
105 106 126
B. Services
9,732 9,402 9,301
Transport
3,963 3,977 3,620
Travel
2,870 3,145 2,606
Insurance and pension services
1,290 810 1,149
Financial services
513 569 902
Other services
1,095 901 1,025
C. Primary income
5,997 9,024 12,929
Reinvested earnings and dividends
1,130 2,742 8,094
Reinvested earnings
103 -260 7,299
Dividends
1,027 3,002 795
Interest
4,863 6,276 4,829
Public sector
2,509 3,742 3,172
Private sector
2,354 2,534 1,657
Other primary income
4 5 6
D. Secondary income
247 314 310
Workers' remittances
238 201 214
Other secondary income
9 113 96
Capital account (I - II)
-18 205 -24
I. Credit
97 256 60
II. Debit
114 51 83
Financial account (I + II + III + IV + V) [Net lending (+) / Net borrowing (-)] 2/
-10,692 -11,853 -7,955
I. Direct investment (A - B)
-8,916 -2,722 -6,951
A. Net acquisition of financial assets 3/
-2,648 2,505 3,328
Equity and investment fund shares
-417 3,966 2,862
Equity other than reinvestment of earnings
-1,551 3,071 1,898
Reinvestment of earnings
1,133 895 964
Debt instruments
-2,231 -1,461 466
B. Net incurrence of liabilities
6,268 5,227 10,278
Equity and investment fund shares
3,556 2,089 8,669
Equity other than reinvestment of earnings
3,453 2,349 1,370
Reinvestment of earnings
103 -260 7,299
Debt instruments
2,712 3,138 1,609
II. Portfolio investment (A - B)
-2,369 -2,427 -7,082
A. Net acquisition of financial assets
6,354 1,937 -115
Equity and investment fund shares
2,240 2,680 2,057
Debt securities
4,114 -743 -2,171
B. Net incurrence of liabilities
8,722 4,364 6,968
Equity and investment fund shares
1,767 3,858 803
Debt securities
6,956 507 6,164
Banco de México
0 0 0
Commercial banks
91 -187 245
Short-term
87 -653 122
Long-term
4 466 123
Development banks
0 132 0
Short-term
0 0 0
Long-term
0 132 0
Non financial public sector
2,420 -1,783 5,380
Short-term
-3,692 -145 -1,133
Bonds and notes issued abroad
0 0 0
Bonds and notes issued in Mexico 4/
-3,692 -145 -1,133
Long-term
6,113 -1,638 6,513
Bonds and notes issued abroad
3,192 170 5,512
Bonds and notes issued in Mexico 4/
2,921 -1,808 1,001
Non banking private sector
4,444 2,345 540
Short-term
146 4 131
Long-term
4,298 2,340 409
Pidiregas
0 0 0
III. Financial derivatives (net transactions) 5/
2,132 -172 334
IV. Other investment (A - B)
-347 -6,818 3,616
A. Net acquisition of financial assets
-2,799 -7,668 7,799
B. Net incurrence of liabilities
-2,453 -851 4,183
Deposits
-250 28 177
Banco de México
-3 -5 -2
Commercial banks
-246 33 180
Short-term
-349 -86 218
Long-term
103 119 -39
Other
-2,203 -879 4,006
Banco de México
0 0 0
Commercial banks
-3,763 1,099 3,564
Short-term
-3,763 1,153 3,719
Long-term
0 -54 -155
Development banks
-145 1,064 -125
Short-term
-284 833 -149
Long-term
139 231 24
Non financial public sector
1,097 -1,583 1,378
Short-term
-65 -67 -34
Long-term
1,162 -1,516 1,411
Non banking private sector
608 -1,458 -811
Short-term
-357 1,365 -811
Long-term
965 -2,823 0
Pidiregas
0 0 0
V. Reserve assets 6/
-1,193 286 2,128
Total change in gross international reserves
-507 561 2,152
Valuation adjustments
686 275 23
Errors and omissions
-5,211 -9,185 -990
Memorandum items
Current account 7/
Balance on goods and services
-9,480 -3,950 -3,492
Balance on goods
-6,077 -1,873 -1,814
Oil trade balance
-5,065 -5,046 -4,790
Non-oil trade balance
-984 3,200 3,013
Balance on goods procured in ports by carriers
-28 -27 -37
Balance on services
-3,403 -2,076 -1,678
Balance on primary income
-3,134 -6,185 -10,245
Balance on secondary income
7,150 7,262 6,796
Financial account
Financial account excluding reserve assets 8/
-9,499 -12,139 -10,083
Notes:
The balance of payments format follows in general the classification and recording criteria recommended by the International Monetary Fund in the sixth edition of its Balance of Payments and International Investment Position Manual.
1/ Corresponds to the official statistics of the "Merchandise trade balance of Mexico". SAT, SE, Banco de México, INEGI. SNIEG. Information of National Interest.
2/ Net borrowing means that, in net terms, the rest of the world supplies funds to Mexican residents. This occurs when the net incurrence of liabilities is larger than the net acquisition of financial assets. Net lending means the opposite.
3/ Since there is no available information to disaggregate the parent company accounts of the foreign direct investment abroad in BPM5 as either net acquisition of financial assets or net incurrence of liabilities in BPM6 between 2006 and 2009, the transformation used by the International Monetary Fund is followed, so that the parent company accounts of the foreign direct investment abroad in BPM5 is classified as net acquisition of financial assets in BPM6 during the said years.
4/ Corresponds to the broad-government securities market, i.e., those issued by the Federal Government, Banco de México and the Institute for the Protection of Bank Savings (IPAB).
5/ Net transactions of financial derivatives (other than reserve assets) are the difference between assets and liabilities.
6/ Corresponds to the difference between total change in gross international reserves and valuation adjustments.
7/ The balances are the differences between credits and debits. Positive values indicate a surplus and negative values a deficit.
8/ Corresponds to the difference between the financial account and reserve assets.
Balance of payments(CE174) -  Balance of Payments - BPM6 basis - new format (start date:2006)