Skip to content

Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade0.8×positions ÷ goods, both directions
Financial positions, both directions646USD bn
Goods, both directions849USD 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 → United StatesUnited States → Mexicoother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 588 / 26105001,000Bank claims · quarterly · USD bnQ2 2026 · 27.6 / 51.1050100Portfolio holdings · half-yearly · USD bnDec 2025 · 85.0 / 1810100200Direct investment · annual · USD bn2024 · 43.4 / 2580250500Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 0.8×0.0×1.0×2.0×20062008201020122014201620182020202220242026
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 → United States

Aug 2025–Jul 2026

exports of Mexico to United States, 12 months

Exports, 12 months588USD bnreported
0.93importer’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 United States → Mexico

Aug 2025–Jul 2026

exports of United States to Mexico, 12 months

Exports, 12 months261USD bnreported ≠ the two reports of this flow diverge from their usual ratio ()
0.71importer’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 → United States

Q2 2026

loans and deposits of banks in Mexico on residents of United States

Position27.6USD 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.

United States → Mexico

Q2 2026

loans and deposits of banks in United States on residents of Mexico

Position51.1USD bn
Flow in the quarter+2.0USD bnas published by the BIS
Sources

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

Mexico → United States

Q4 2025

securities issued in United States held by investors in Mexico

Total85.0USD bn
Equity66.2USD bn
Debt securities18.8USD bn
Sources

Holder to issuer, Q4 2025.

United States → Mexico

Q4 2025

securities issued in Mexico held by investors in United States

Total181USD bn
Equity90.5USD bn
Debt securities90.4USD bn
Sources

Holder to issuer, Q4 2025.

Mexico → United States

2024

position of investors in Mexico in United States

Position43.4USD bn
Reportthe host’s
Sources

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

United States → Mexico

2024

position of investors in United States in Mexico

Position258USD bn
Reportthe host’s
Sources

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