Mexico | Lower trade deficit contributes to current account surplus

Summary

To increase the benefits of nearshoring in the medium term, the next federal government could design and implement a national infrastructure plan that contributes to expand and improve the quality of roads, railways, ports, industrial complexes and transmission lines.

Key points

• Key points:
• The current account surplus in the second quarter of 2023 was mainly due to the lower trade deficit and to the higher surplus in the balance on secondary income.
• Net foreign direct investment posted an increase of 56.2% YoY in the first semester of 2023 when comparing preliminary figures.

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