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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Brazil and Mexico, each channel at its own period. Left, Brazil to Mexico; right, Mexico to Brazil.

Finance to trade

positions ÷ goods, both directions
Finance to trade1.4×positions ÷ goods, both directions
Financial positions, both directions26.2USD bn
Goods, both directions19.1USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceBrazil → MexicoMexico → Brazilother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 11.7 / 7.401020Bank claims · quarterly · USD bnQ2 2026 · 0.0 / 3.4035Portfolio holdings · half-yearly · USD bnDec 2025 · 5.3 / 4.80510Direct investment · annual · USD bn2024 · 3.5 / 9.201020Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 1.4×0.0×2.5×5.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Brazil → Mexico

Aug 2025–Jul 2026

exports of Brazil to Mexico, 12 months

Exports, 12 months11.7USD bnreported
1.39importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Mexico → Brazil

Aug 2025–Jul 2026

exports of Mexico to Brazil, 12 months

Exports, 12 months7.4USD bnreported
1.42importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Brazil → Mexico

Q2 2026

loans and deposits of banks in Brazil on residents of Mexico

Position0.0USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Mexico → Brazil

Q2 2026

loans and deposits of banks in Mexico on residents of Brazil

Position3.4USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Brazil → Mexico

Q4 2025

securities issued in Mexico held by investors in Brazil

Total5.3USD bn
Equity0.0USD bn
Debt securities5.3USD bn
Sources

Holder to issuer, Q4 2025.

Mexico → Brazil

Q4 2025

securities issued in Brazil held by investors in Mexico

Total4.8USD bn
Equity0.0USD bn
Debt securities4.7USD bn
Sources

Holder to issuer, Q4 2025.

Brazil → Mexico

2024

position of investors in Brazil in Mexico

Position3.5USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Mexico → Brazil

2024

position of investors in Mexico in Brazil

Position9.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.