In 2024, services played a key role in the Mexican economy. Imports of goods exceeded exports, resulting in a deficit. However, in terms of services, Mexico achieved a surplus in its trade with the United States.
On one hand, Mexico sold services totaling 46,392 to the United States, while it purchased services worth 48,905, leading to a surplus of 2,513. Although trade in services represents a fraction compared to goods, sectors like tourism are dependent on them.
Regarding imports of services in 2024, the amount reached 71,057, resulting in a deficit of 8,023. In particular, freight and travel services played an important role in this balance, with deficit and surplus results respectively.
One of the highlighted concepts is payments for royalties and intellectual property. As an economy advances, these expenses tend to increase, reflecting greater development. On the other hand, economic and political alliances can influence these transactions, as evidenced in the case of China and Cuba.
On the international scene, U.S. exports of services show a surplus with most countries. The annual balance of payments reveals important data on a country's economic transactions with the rest of the world, including flows of goods, services, and investment.
In summary, trade in services plays a significant role in the global economy, impacting various sectors. Despite representing smaller amounts compared to trade in goods, services are crucial for the economic development and trade balance of countries.
