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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade1.1×positions ÷ goods, both directions
Financial positions, both directions62.4USD bn
Goods, both directions56.1USD 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.

SinceMexico → CanadaCanada → Mexicoother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 42.2 / 13.902550Bank claims · quarterly · USD bnQ2 2026 · 1.2 / 1.6013Portfolio holdings · half-yearly · USD bnDec 2025 · 0.4 / 9.701020Direct investment · annual · USD bn2024 · 1.9 / 49.2050100Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 1.1×0.0×1.0×2.0×20062008201020122014201620182020202220242026
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 Mexico → Canada

Aug 2025–Jul 2026

exports of Mexico to Canada, 12 months

Exports, 12 months42.2USD bnreported
1.76importer’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 Canada → Mexico

Aug 2025–Jul 2026

exports of Canada to Mexico, 12 months

Exports, 12 months13.9USD bnreported
1.91importer’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.

Mexico → Canada

Q2 2026

loans and deposits of banks in Mexico on residents of Canada

Position1.2USD 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.

Canada → Mexico

Q2 2026

loans and deposits of banks in Canada on residents of Mexico

Position–Not reported
Flow in the quarter–
Sources

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

Mexico → Canada

Q4 2025

securities issued in Canada held by investors in Mexico

Total0.4USD bn
Equity0.2USD bn
Debt securities0.2USD bn
Sources

Holder to issuer, Q4 2025.

Canada → Mexico

Q4 2025

securities issued in Mexico held by investors in Canada

Total9.7USD bn
Equity4.4USD bn
Debt securities5.3USD bn
Sources

Holder to issuer, Q4 2025.

Mexico → Canada

2024

position of investors in Mexico in Canada

Position1.9USD bn
Reportthe host’s
Sources

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

Canada → Mexico

2024

position of investors in Canada in Mexico

Position49.2USD bn
Reportthe host’s
Sources

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