Mexico | Net foreign direct investment shows an annual decline in 1H26

Summary

Mexico's current account recorded a surplus of USD 8.9 billion in 2Q26, driven by a record high in the non-oil merchandise balance. In contrast, Net Foreign Direct Investment (FDI) showed an annual decrease of 11.7% during the first half of 2026.

Key points

• Key points:
• The non-oil merchandise balance reached a record high of USD 19,643 million in the second quarter of 2026, surpassing the previous record.
• Net Foreign Direct Investment (FDI) was USD 24,808 million in the first half of 2026, a figure 11.7% lower than the USD 28,097 million in the same period of 2025.
• The current account surplus in 2Q26 is explained by a larger surplus in the non-oil merchandise balance and a smaller deficit in the primary income balance.
• By the end of 2026, the current account is expected to show a deficit of approximately USD 10.0 billion, equivalent to 0.5% of GDP.

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