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Azerbaijan

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2024-Q2: US$8.1k, Remittances received from Azerbaijan

About Azerbaijan

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The main sale from Mexico to Azerbaijan in 2023 was Tubes and Pipes of Iron or Steel (US$2.9M). The main origins of sales to Azerbaijan were Veracruz de Ignacio de la Llave (US$2.98M), Nuevo León (US$1.66M), and Morelos (US$579k).

The main product bought by Mexico from Azerbaijan in 2023 was Sheets and Strip, of Aluminum, of Thickness Exceeding 0.2 Mm (US$124k). The main destinations of purchases made to Azerbaijan were Baja California (US$125k), Ciudad de México (US$83.9k), and Chihuahua (US$12.7k).

Regarding remittances, in the second quarter of 2024, Mexico received US$8.1k in remittances from Azerbaijan, while Azerbaijan received US$15.8k in remittances from Mexico.

Finally, in terms of immigration to Mexico, 66 inmigrants from Azerbaijan were registered in 2020, 66.7% women and 33.3% men. The states with the highest concentration of inmigrants from Azerbaijan were Ciudad de México (66 people).

Commercial Exchange

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The icons show the percentage share of Azerbaijan in Mexico's imports and exports, as well as the net trade balance between the two countries.

Data provided by Bank of Mexico.

Net International Exchange

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In July 2024, the international sales from Mexico to Azerbaijan were US$232k, while international purchases reached US$53.8k. The above results in a trade balance of US$178k.

Annual International Trade

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The main sale from Mexico to Azerbaijan in 2023 was Tubes and Pipes of Iron or Steel (US$2.9M). The main origins of sales to Azerbaijan were Veracruz de Ignacio de la Llave (US$2.98M), Nuevo León (US$1.66M), and Morelos (US$579k).

The main product bought by Mexico from Azerbaijan in 2023 was Sheets and Strip, of Aluminum, of Thickness Exceeding 0.2 Mm (US$124k). The main destinations of purchases made to Azerbaijan were Baja California (US$125k), Ciudad de México (US$83.9k), and Chihuahua (US$12.7k).

Monthly International Trade

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The main sale from Mexico to Azerbaijan in July 2024 was Machinery and Mechanical Appliances Having Individual Functions, not Specified Elsewhere (US$124k). The main origins of sales to Azerbaijan were Nuevo León (US$139k), Jalisco (US$55.1k), and Ciudad de México (US$19.6k).

The main product bought by Mexico from Azerbaijan in July 2024 was Other Engines and Motors (US$3.5k). The main destinations of purchases made to Azerbaijan were Baja California (US$50.1k), Guanajuato (US$3.5k), and Chihuahua (US$132).

Net Trade Balance

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In 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Veracruz de Ignacio de la Llave (US$2.98M), Nuevo León (US$1.66M), and Aguascalientes (US$1.24M).

Evolution of the Amount of Remittances

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The chart compares the evolution of remittances sent from Mexico to Azerbaijan and the remittances that Mexico receives from Azerbaijan.

In the second quarter of 2024, Mexico received US$8.1k in remittances from Azerbaijan, while Azerbaijan received US$15.8k in remittances from Mexico.

Immigration from Azerbaijan

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The map shows the destination states of migrants from Azerbaijan to Mexico in recent years. The bar chart shows the main causes of migration.

The states with the highest concentration of migrants from Azerbaijan were Ciudad de México (66 people).

The main reasons of migration from Azerbaijan to Mexico in recent years were living place (44 people) and personal (22 people).

Diversity of immigrants

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The graph shows the population pyramid of the migrant population from Azerbaijan to Mexico in recent years.

66 inmigrants from Azerbaijan were registered, 66.7% women and 33.3% men.

The age ranges that concentrated the largest migrant population from Azerbaijan were 40 to 44 years (22 people), 15 to 19 years (22 people), and 10 to 14 years (22 people). These concentrated 100% of the total migrant population.