Argentina
Country
Jan-Jun 2024: US$909M, Foreign Direct Investment
2024-Q2: US$1.08M, Remittances received from Argentina
About Argentina
#permalink to sectionThe main sale from Mexico to Argentina in 2023 was Parts and Accessories of Motor Vehicles (US$126M). The main origins of sales to Argentina were Ciudad de México (US$301M), Estado de México (US$191M), and Nuevo León (US$133M).
The main product bought by Mexico from Argentina in 2023 was Sunflower-Seed, Safflower or Cotton, and Fractions Thereof, whether or not Refined, but not Chemically Modified (US$113M). The main destinations of purchases made to Argentina were Ciudad de México (US$374M), Veracruz de Ignacio de la Llave (US$143M), and Estado de México (US$138M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Argentina to Mexico is US$909M. In the same period, the states that received the highest FDI from Argentina were Veracruz de Ignacio de la Llave (Confidential), Ciudad de México (US$250M), and Tabasco (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$1.08M in remittances from Argentina, while Argentina received US$7.13M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 9,016 inmigrants from Argentina were registered in 2020, 48.5% women and 51.5% men. The states with the highest concentration of inmigrants from Argentina were Ciudad de México (2,963 people), Chihuahua (1,713 people), and Quintana Roo (1,452 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Argentina were US$63.9M, while international purchases reached US$109M. The above results in a trade balance of -US$44.9M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Argentina in 2023 was Parts and Accessories of Motor Vehicles (US$126M). The main origins of sales to Argentina were Ciudad de México (US$301M), Estado de México (US$191M), and Nuevo León (US$133M).
The main product bought by Mexico from Argentina in 2023 was Sunflower-Seed, Safflower or Cotton, and Fractions Thereof, whether or not Refined, but not Chemically Modified (US$113M). The main destinations of purchases made to Argentina were Ciudad de México (US$374M), Veracruz de Ignacio de la Llave (US$143M), and Estado de México (US$138M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Argentina in July 2024 was Parts and Accessories of Motor Vehicles (US$6.42M). The main origins of sales to Argentina were Ciudad de México (US$14.4M), Nuevo León (US$9.83M), and Estado de México (US$7.14M).
The main product bought by Mexico from Argentina in July 2024 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$15.2M). The main destinations of purchases made to Argentina were Ciudad de México (US$51.2M), Nuevo León (US$19.7M), and Jalisco (US$8.7M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Nuevo León (US$68.2M), Estado de México (US$53.4M), and Coahuila de Zaragoza (US$23.9M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to June 2024, the FDI from Argentina to Mexico reached US$840M, distributed in reinvestment of earnings (US$876M), equity capital (US$2.64M), and inter-company debts (-US$38.4M).
From January 1999 to June 2024, Mexico has received a total of US$15B in FDI from Argentina, distributed in reinvestment of earnings (US$8.95B), equity capital (US$5.58B), and inter-company debts (US$475M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Argentina were Veracruz de Ignacio de la Llave (Confidential), Ciudad de México (US$250M), and Tabasco (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Argentina are Nuevo León (US$10.1B), Veracruz de Ignacio de la Llave (US$1.54B), and Ciudad de México (US$1.48B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Argentina and the remittances that Mexico receives from Argentina.
In the second quarter of 2024, Mexico received US$1.08M in remittances from Argentina, while Argentina received US$7.13M in remittances from Mexico.
Remittancesand Foreign Direct Investment
#permalink to sectionThe visualization compares the evolution of Foreign Direct Investment (FDI) and the income from remittances from Argentina.
During 2021, a total amount of remittances of US$1.9M is accumulated, while the FDI from Argentina to Mexico accumulated in the year is US$909M.
Migration
#permalink to sectionImmigration from Argentina
#permalink to sectionThe map shows the destination states of migrants from Argentina to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Argentina were Ciudad de México (2,963 people), Chihuahua (1,713 people), and Quintana Roo (1,452 people).
The main reasons of migration from Argentina to Mexico in recent years were family (2,936 people) and economical (2,219 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Argentina to Mexico in recent years.
9,016 inmigrants from Argentina were registered, 48.5% women and 51.5% men.
The age ranges that concentrated the largest migrant population from Argentina were 30 to 34 years (1,913 people), 25 to 29 years (1,394 people), and 35 to 39 years (1,230 people). These concentrated 50.3% of the total migrant population.