Economic Information System (SIE)

Data is provisional and subject to revision.

Totals may not add up due to rounding.

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/ The Specialized Technical Committee on International Merchandise Trade Statistics (CTE-ECE) records manufacturing services on physical inputs owned by others in the goods account, as international merchandise trade, since the available information does not allow for a disaggregation of such services. On the other hand, transactions on construction services are recorded under the headings related to direct investment, since Mexican regulations state that non-resident companies that decide to carry out construction must incorporate a company in the country and register in the National Registry of Foreign Investment (RNIE), regardless of the duration of the project. Thus, transactions carried out by construction firms that incorporate a company in the country with other non-resident entities (such as imports of goods and services) are included in the Balance of Payments in the corresponding categories.

3/ The total corresponds to reinsurance services.

4/ 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.

5/ Includes the broad-government securities market and securities issued by states, municipalities, semi-state agencies and public institutions except for Pemex and CFE.

6/ 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).

7/ It includes Pemex, CFE, other state-owned enterprises and public institutions.

8/ Corresponds to the difference between total change in gross international reserves and valuation adjustments.

9/ The balances are the differences between credits and debits. Positive values indicate a surplus and negative values a deficit.

10/ The public sector consists of Banco de México, development banks, the general government and public enterprises.

11/ The private sector consists of commercial banks, other financial corporations, nonfinancial corporations, households and NPISHs.