IBOV 170,653 ▼ 0.79% IPSA 10,947 ▼ 0.71% IPC MEX 66,610 ▼ 0.10% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,312.96 ▲ 0.81% BVL PERÚ 55,516.19 ▼ 1.10% USD/BRL5.15▲ 0.05% USD/MXN17.56▼ 0.10% USD/CLP930.51▼ 0.43% USD/COP3,336▼ 0.08% USD/PEN3.40▼ 0.26% USD/ARS1,487▼ 0.03% USD/UYU40.19▲ 1.44% USD/PYG6,050▲ 1.28% USD/BOB9.85▲ 1.50% USD/DOP58.56▼ 0.15% USD/CRC449.85▲ 1.48% USD/GTQ7.62▲ 2.43% USD/HNL26.72▲ 1.48% USD/NIO36.62▼ 0.45% USD/VES698.47▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.27▲ 0.88% USD/TTD6.70▲ 0.62% EUR/BRL5.90▲ 0.12% BRENT 78.54 ▲ 0.67% WTI 73.93 ▲ 0.56% IRON ORE 161.91 — — COPPER 6.24 ▲ 3.06% GOLD 4,116 ▲ 1.10% SILVER 59.38 ▲ 2.09% SOY 1,188 ▼ 0.56% CORN 451.50 ▲ 3.85% WHEAT 607.00 ▲ 1.25% COFFEE 322.25 ▼ 0.62% SUGAR 14.95 ▼ 1.06% ORANGE JUICE 153.15 ▼ 5.52% COTTON 80.04 ▲ 5.03% COCOA 6,136 ▲ 2.97% BEEF 237.78 ▼ 0.27% CATTLE 362.30 ▲ 0.46% LITHIUM 72.12 ▼ 2.28% PETR4 39.65 ▲ 3.15% VALE3 72.70 ▼ 4.59% ITUB4 41.89 ▼ 1.27% BBDC4 17.69 ▼ 0.73% ABEV3 15.62 ▲ 0.06% BBAS3 19.53 ▼ 1.01% B3SA3 14.24 ▼ 2.00% WEGE3 45.35 ▼ 1.13% PRIO3 56.42 ▲ 0.34% SUZB3 40.83 ▼ 0.22% RENT3 38.84 ▼ 0.64% AZZA3 17.90 ▼ 1.00% CSAN3 3.75 ▼ 2.34% RAIZ4 0.38 ▼ 2.56% PCAR3 2.71 ▼ 0.37% GMAT3 3.74 ▲ 4.47% PSSA3 52.50 ▲ 1.94% CVCB3 1.22 ▼ 1.61% POSI3 3.78 ▲ 0.53% SLCE3 13.21 ▲ 0.38% NATU3 8.50 ▲ 5.59% BRKM5 6.14 ▲ 2.16% RANI3 7.88 ▼ 0.25% CSNA3 4.67 ▼ 1.48% CMIN3 4.66 ▲ 2.42% USIM5 8.35 ▼ 0.95% GGBR4 22.14 ▲ 1.33% ENEV3 25.50 ▼ 0.66% CPFE3 45.46 ▲ 0.04% CMIG4 10.80 ▼ 1.19% EQTL3 38.65 ▼ 1.25% LREN3 13.71 ▲ 0.44% VIVT3 34.31 — 0.00% RAIL3 13.25 ▼ 1.85% KLABIN 17.16 ▼ 0.06% RAIA DROGASIL 17.32 ▼ 1.59% RDOR3 34.08 ▼ 2.15% HAPV3 9.96 ▼ 2.26% FLRY3 15.41 ▼ 1.03% SMTO3 15.25 ▼ 0.46% UGPA3 29.36 ▲ 4.11% VBBR3 31.65 ▲ 2.56% BBSE3 38.75 ▲ 0.52% BPAC11 53.95 ▼ 1.10% CURY3 31.33 ▼ 7.85% AERI3 2.03 ▼ 0.49% VIVARA 22.17 ▼ 2.21% COMPASS 24.52 ▼ 1.64% VAMOS 2.81 ▼ 2.77% SANB11 25.60 ▼ 1.58% ASAI3 8.49 ▼ 0.47% SBSP3 29.25 ▼ 0.75% WALMEX 49.78 ▼ 0.60% GMEXICO 196.37 ▲ 1.10% FEMSA 224.71 ▼ 0.87% CEMEX 21.36 ▲ 0.71% GFNORTE 187.67 ▼ 0.27% BIMBO 57.03 ▲ 0.62% TELEVISA 9.53 ▼ 0.94% AMX 23.18 ▲ 0.96% GAP 416.00 ▲ 0.19% ASUR 284.69 ▼ 1.45% OMA 236.19 ▲ 0.76% KOF 183.45 ▼ 0.85% GRUMA 284.21 ▼ 0.98% KIMBER 38.72 ▼ 0.82% SQM-B 69,501 ▲ 2.30% COPEC 6,030 ▼ 0.33% BSANTANDER 77.10 ▼ 1.78% FALABELLA 5,880 ▼ 2.00% ENELAM 85.39 ▲ 0.77% CENCOSUD 2,079 ▼ 0.10% CMPC 1,079 ▲ 0.33% BANCO CHILE 185.45 ▼ 1.09% LATAM AIR 25.50 ▼ 2.86% YPF 75,725 ▲ 1.75% GGAL 7,910 ▼ 1.68% PAMPA 5,210 ▲ 0.58% TXAR 665.00 ▼ 1.41% ALUAR 960.00 ▼ 3.03% TGS 9,355 ▲ 0.27% CEPU 2,310 ▼ 0.82% MIRGOR 17,400 ▲ 0.58% COME 45.47 ▲ 2.87% LOMA NEGRA 3,510 ▼ 0.85% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,133 ▲ 1.29% ECOPETROL 15.13 ▲ 3.00% BANCOLOMBIA 80.21 ▼ 1.07% GRUPO AVAL 4.84 ▼ 1.63% CREDICORP 381.47 ▼ 1.29% SOUTHERN COPPER 167.21 ▼ 1.50% BUENAVENTURA 28.36 ▼ 1.90% MERCADOLIBRE 1,809 ▼ 0.23% NUBANK 13.37 ▼ 1.76% XP 15.44 ▼ 3.32% PAGSEGURO 8.77 ▼ 1.46% STONE 10.52 ▼ 1.50% GLOBANT 29.90 ▼ 5.53% TECNOGLASS 43.94 ▲ 1.60% GAP AIRPORT 236.30 ▼ 0.37% ASUR 284.69 ▼ 1.45% OMA AIRPORT 107.30 ▲ 0.12% AMX ADR 26.41 ▲ 0.99% FEMSA ADR 127.80 ▼ 1.31% CEMEX ADR 12.17 ▲ 0.50% PETROBRAS ADR 17.24 ▲ 3.48% VALE ADR 14.05 ▼ 4.36% ITAU ADR 8.16 ▼ 0.85% SANTANDER BR 5.04 ▼ 1.18% AMBEV ADR 3.02 ▲ 0.67% CSN 0.92 ▼ 0.41% GERDAU 4.30 ▲ 0.47% LATAM ADR 54.49 ▼ 3.95% BTC 62,707 ▲ 0.72% ETH 1,742 ▼ 0.03% SOL 77.55 ▼ 0.30% XRP 1.09 ▲ 0.19% BNB 569.15 ▲ 0.15% ADA 0.17 ▲ 1.56% DOGE 0.07 ▲ 0.15% AVAX 6.70 ▲ 3.62% LINK 7.73 ▲ 1.32% DOT 0.83 ▲ 0.83% LTC 43.81 ▲ 0.43% BCH 236.88 ▲ 0.73% TRX 0.33 ▲ 0.74% XLM 0.18 ▼ 0.29% HBAR 0.07 ▲ 1.83% NEAR 1.90 ▲ 0.48% ATOM 1.56 ▲ 0.14% AAVE 89.14 ▲ 1.09% SELIC 14.25% EMBRAER 81.50 ▼ 4.48% EMBRAER ADR 63.42 ▼ 3.87% JBS 11.82 ▼ 3.04% JBS BDR 60.90 ▼ 3.64% MBRF3 15.38 ▼ 2.23% MBRFY 2.91 ▼ 3.96% INTER 5.57 ▼ 0.36% EGX 52,312 ▲ 0.54% USD/ZAR16.38▼ 0.20% USD/NGN 1,375 — 0.00% NIKKEI 67,744 ▲ 1.38% CSI300 4,876 ▲ 2.54% HSI 24,030 ▼ 0.70% NIFTY 23,963 ▲ 0.34% KOSPI 7,292 ▲ 0.62% JCI 5,912 ▲ 0.67% USD/JPY162.47▼ 0.07% USD/CNY6.78▼ 0.29% DAX 24,946 ▲ 0.19% CAC 8,283 ▲ 0.37% FTSE 10,429 ▼ 0.58% MIB 52,184 ▲ 0.71% IBEX 19,257 ▲ 0.80% STOXX 637.58 ▲ 0.26% EUR/USD1.14▲ 0.14% GBP/USD1.34▲ 0.30% SPX 7,483 ▼ 0.28% DJI 52,348 ▼ 1.09% NDX 29,253 ▲ 0.27% RUT 2,956 ▼ 0.88% TSX 34,936 ▼ 0.95% VIX 17.00 ▲ 0.59% USD/CAD1.42▲ 0.01% US10Y 4.5690 ▲ 0.88% IBOV 170,653 ▼ 0.79% IPSA 10,947 ▼ 0.71% IPC MEX 66,610 ▼ 0.10% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,312.96 ▲ 0.81% BVL PERÚ 55,516.19 ▼ 1.10% USD/BRL 5.15 ▼ 0.03% USD/MXN 17.56 ▼ 0.15% USD/CLP 930.45 ▼ 0.43% USD/COP 3,336 ▼ 0.08% USD/PEN 3.40 ▼ 0.28% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.19 ▲ 1.19% USD/PYG 6,050 ▲ 1.28% USD/BOB 9.85 ▲ 1.50% USD/DOP 58.56 ▼ 0.15% USD/CRC 449.85 ▲ 1.48% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▼ 0.45% USD/VES 698.47 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.27 ▲ 0.88% USD/TTD 6.70 ▲ 0.62% EUR/BRL 5.90 ▲ 0.15% BRENT 78.54 ▲ 0.67% WTI 73.93 ▲ 0.56% IRON ORE 161.91 — — COPPER 6.24 ▲ 3.06% GOLD 4,116 ▲ 1.10% SILVER 59.38 ▲ 2.09% SOY 1,188 ▼ 0.56% CORN 451.50 ▲ 3.85% WHEAT 607.00 ▲ 1.25% COFFEE 322.25 ▼ 0.62% SUGAR 14.95 ▼ 1.06% ORANGE JUICE 153.15 ▼ 5.52% COTTON 80.04 ▲ 5.03% COCOA 6,136 ▲ 2.97% BEEF 237.78 ▼ 0.27% CATTLE 362.30 ▲ 0.46% LITHIUM 72.12 ▼ 2.28% PETR4 39.65 ▲ 3.15% VALE3 72.70 ▼ 4.59% ITUB4 41.89 ▼ 1.27% BBDC4 17.69 ▼ 0.73% ABEV3 15.62 ▲ 0.06% BBAS3 19.53 ▼ 1.01% B3SA3 14.24 ▼ 2.00% WEGE3 45.35 ▼ 1.13% PRIO3 56.42 ▲ 0.34% SUZB3 40.83 ▼ 0.22% RENT3 38.84 ▼ 0.64% AZZA3 17.90 ▼ 1.00% CSAN3 3.75 ▼ 2.34% RAIZ4 0.38 ▼ 2.56% PCAR3 2.71 ▼ 0.37% GMAT3 3.74 ▲ 4.47% PSSA3 52.50 ▲ 1.94% CVCB3 1.22 ▼ 1.61% POSI3 3.78 ▲ 0.53% SLCE3 13.21 ▲ 0.38% NATU3 8.50 ▲ 5.59% BRKM5 6.14 ▲ 2.16% RANI3 7.88 ▼ 0.25% CSNA3 4.67 ▼ 1.48% CMIN3 4.66 ▲ 2.42% USIM5 8.35 ▼ 0.95% GGBR4 22.14 ▲ 1.33% ENEV3 25.50 ▼ 0.66% CPFE3 45.46 ▲ 0.04% CMIG4 10.80 ▼ 1.19% EQTL3 38.65 ▼ 1.25% LREN3 13.71 ▲ 0.44% VIVT3 34.31 — 0.00% RAIL3 13.25 ▼ 1.85% KLABIN 17.16 ▼ 0.06% RAIA DROGASIL 17.32 ▼ 1.59% RDOR3 34.08 ▼ 2.15% HAPV3 9.96 ▼ 2.26% FLRY3 15.41 ▼ 1.03% SMTO3 15.25 ▼ 0.46% UGPA3 29.36 ▲ 4.11% VBBR3 31.65 ▲ 2.56% BBSE3 38.75 ▲ 0.52% BPAC11 53.95 ▼ 1.10% CURY3 31.33 ▼ 7.85% AERI3 2.03 ▼ 0.49% VIVARA 22.17 ▼ 2.21% COMPASS 24.52 ▼ 1.64% VAMOS 2.81 ▼ 2.77% SANB11 25.60 ▼ 1.58% ASAI3 8.49 ▼ 0.47% SBSP3 29.25 ▼ 0.75% WALMEX 49.78 ▼ 0.60% GMEXICO 196.37 ▲ 1.10% FEMSA 224.71 ▼ 0.87% CEMEX 21.36 ▲ 0.71% GFNORTE 187.67 ▼ 0.27% BIMBO 57.03 ▲ 0.62% TELEVISA 9.53 ▼ 0.94% AMX 23.18 ▲ 0.96% GAP 416.00 ▲ 0.19% ASUR 284.69 ▼ 1.45% OMA 236.19 ▲ 0.76% KOF 183.45 ▼ 0.85% GRUMA 284.21 ▼ 0.98% KIMBER 38.72 ▼ 0.82% SQM-B 69,501 ▲ 2.30% COPEC 6,030 ▼ 0.33% BSANTANDER 77.10 ▼ 1.78% FALABELLA 5,880 ▼ 2.00% ENELAM 85.39 ▲ 0.77% CENCOSUD 2,079 ▼ 0.10% CMPC 1,079 ▲ 0.33% BANCO CHILE 185.45 ▼ 1.09% LATAM AIR 25.50 ▼ 2.86% YPF 75,725 ▲ 1.75% GGAL 7,910 ▼ 1.68% PAMPA 5,210 ▲ 0.58% TXAR 665.00 ▼ 1.41% ALUAR 960.00 ▼ 3.03% TGS 9,355 ▲ 0.27% CEPU 2,310 ▼ 0.82% MIRGOR 17,400 ▲ 0.58% COME 45.47 ▲ 2.87% LOMA NEGRA 3,510 ▼ 0.85% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,133 ▲ 1.29% ECOPETROL 15.13 ▲ 3.00% BANCOLOMBIA 80.21 ▼ 1.07% GRUPO AVAL 4.84 ▼ 1.63% CREDICORP 381.47 ▼ 1.29% SOUTHERN COPPER 167.21 ▼ 1.50% BUENAVENTURA 28.36 ▼ 1.90% MERCADOLIBRE 1,809 ▼ 0.23% NUBANK 13.37 ▼ 1.76% XP 15.44 ▼ 3.32% PAGSEGURO 8.77 ▼ 1.46% STONE 10.52 ▼ 1.50% GLOBANT 29.90 ▼ 5.53% TECNOGLASS 43.94 ▲ 1.60% GAP AIRPORT 236.30 ▼ 0.37% ASUR 284.69 ▼ 1.45% OMA AIRPORT 107.30 ▲ 0.12% AMX ADR 26.41 ▲ 0.99% FEMSA ADR 127.80 ▼ 1.31% CEMEX ADR 12.17 ▲ 0.50% PETROBRAS ADR 17.24 ▲ 3.48% VALE ADR 14.05 ▼ 4.36% ITAU ADR 8.16 ▼ 0.85% SANTANDER BR 5.04 ▼ 1.18% AMBEV ADR 3.02 ▲ 0.67% CSN 0.92 ▼ 0.41% GERDAU 4.30 ▲ 0.47% LATAM ADR 54.49 ▼ 3.95% BTC 62,707 ▲ 0.72% ETH 1,742 ▼ 0.03% SOL 77.55 ▼ 0.30% XRP 1.09 ▲ 0.19% BNB 569.15 ▲ 0.15% ADA 0.17 ▲ 1.56% DOGE 0.07 ▲ 0.15% AVAX 6.70 ▲ 3.62% LINK 7.73 ▲ 1.32% DOT 0.83 ▲ 0.83% LTC 43.81 ▲ 0.43% BCH 236.88 ▲ 0.73% TRX 0.33 ▲ 0.74% XLM 0.18 ▼ 0.29% HBAR 0.07 ▲ 1.83% NEAR 1.90 ▲ 0.48% ATOM 1.56 ▲ 0.14% AAVE 89.14 ▲ 1.09% SELIC 14.25% EMBRAER 81.50 ▼ 4.48% EMBRAER ADR 63.42 ▼ 3.87% JBS 11.82 ▼ 3.04% JBS BDR 60.90 ▼ 3.64% MBRF3 15.38 ▼ 2.23% MBRFY 2.91 ▼ 3.96% INTER 5.57 ▼ 0.36% EGX 52,312 ▲ 0.54% USD/ZAR 16.38 ▼ 0.23% USD/NGN 1,375 — 0.00% NIKKEI 67,744 ▲ 1.38% CSI300 4,876 ▲ 2.54% HSI 24,030 ▼ 0.70% NIFTY 23,963 ▲ 0.34% KOSPI 7,292 ▲ 0.62% JCI 5,912 ▲ 0.67% USD/JPY 162.46 ▼ 0.06% USD/CNY 6.7839 ▼ 0.19% DAX 24,946 ▲ 0.19% CAC 8,283 ▲ 0.37% FTSE 10,429 ▼ 0.58% MIB 52,184 ▲ 0.71% IBEX 19,257 ▲ 0.80% STOXX 637.58 ▲ 0.26% EUR/USD 1.1432 ▲ 0.09% GBP/USD 1.3389 ▼ 0.01% SPX 7,483 ▼ 0.28% DJI 52,348 ▼ 1.09% NDX 29,253 ▲ 0.27% RUT 2,956 ▼ 0.88% TSX 34,936 ▼ 0.95% VIX 17.00 ▲ 0.59% USD/CAD 1.4174 ▲ 0.01% US10Y 4.5690 ▲ 0.88%
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Thursday, July 9, 2026

Mexico Defense Monitor

Mexico Slashes Military Budget While Rivals Strengthen Defense

By · November 23, 2024 · 2 min read

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Mexico’s decision to cut its military budget by 41% for 2025 stands out as a risky move in an increasingly unstable world. The Ministry of National Defense will operate with just $7.6 billion, down from $12.97 billion in 2024. The Navy faces similar constraints, with its budget dropping to $3.29 billion.

These cuts arrive at a critical moment. Brazil, Mexico’s main regional competitor, plans to boost its military spending to $23.7 billion. This strategic choice positions Brazil as Latin America’s dominant military power. Even smaller economies like Colombia maintain a $10.4 billion defense budget, while Chile increases its military funding by 2.7%.

The consequences for Mexico could be severe. Airport infrastructure funding drops by 82%, from $1.14 billion to just $201 million. National security investments receive a mere $321 million. These reductions limit Mexico’s ability to control its territory and respond to threats.

Mexico’s military modernization plans, including new vehicles and aircraft, lack the necessary funding for implementation. Meanwhile, Brazil advances its military capabilities with new helicopters and advanced defense systems, aiming to meet NATO spending standards of 2% GDP.

Mexico Slashes Military Budget While Rivals Strengthen Defense. (Photo Internet reproduction)
Mexico Slashes Military Budget While Rivals Strengthen Defense. (Photo Internet reproduction)
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Mexico Slashes Military Budget While Rivals Strengthen Defense

The timing of these cuts raises concerns. Global military spending continues to rise as nations respond to increasing security threats. Mexico’s reduced military capacity could make it more vulnerable to organized crime, which already challenges state authority in several regions.

This budget decision reflects a deeper issue: Mexico’s adherence to outdated social spending priorities weakens its position in a world where military strength increasingly matters. While neighboring countries strengthen their defense capabilities, Mexico risks falling behind in regional influence and security readiness.

The stark contrast between Mexico’s approach and its neighbors’ strategies suggests a potential shift in regional power dynamics. Brazil’s military expansion, Colombia’s maintained investment despite political challenges, and Chile’s focused security spending all point to a changing Latin American security landscape where Mexico may find itself at a disadvantage.

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For the complete picture, read our in-depth guide: Mexico Economy 2026: GDP, Peso, Nearshoring, Banxico and Trade

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