Belgium
Country
Jan-Jun 2024: US$1.53B, Foreign Direct Investment
2024-Q2: US$717k, Remittances received from Belgium
About Belgium
#permalink to sectionThe main sale from Mexico to Belgium in 2023 was Saturated Acyclic Monocarboxylic Acids and their Anhydrides, Halides, Peroxides and Peroxyacids; their Halogenated, Sulfonated, Nitrated or Nitrosated (US$158M). The main origins of sales to Belgium were Ciudad de México (US$423M), Sonora (US$94.8M), and Tamaulipas (US$94.5M).
The main product bought by Mexico from Belgium in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$161M). The main destinations of purchases made to Belgium were Ciudad de México (US$639M), Querétaro (US$235M), and Estado de México (US$137M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Belgium to Mexico is US$1.53B. In the same period, the states that received the highest FDI from Belgium were Guanajuato (Confidential) and Quintana Roo (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$717k in remittances from Belgium, while Belgium received US$155k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 309 inmigrants from Belgium were registered in 2020, 53.4% women and 46.6% men. The states with the highest concentration of inmigrants from Belgium were Veracruz de Ignacio de la Llave (108 people), Aguascalientes (65 people), and Ciudad de México (58 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Belgium were US$115M, while international purchases reached US$137M. The above results in a trade balance of -US$21.5M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Belgium in 2023 was Saturated Acyclic Monocarboxylic Acids and their Anhydrides, Halides, Peroxides and Peroxyacids; their Halogenated, Sulfonated, Nitrated or Nitrosated (US$158M). The main origins of sales to Belgium were Ciudad de México (US$423M), Sonora (US$94.8M), and Tamaulipas (US$94.5M).
The main product bought by Mexico from Belgium in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$161M). The main destinations of purchases made to Belgium were Ciudad de México (US$639M), Querétaro (US$235M), and Estado de México (US$137M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Belgium in July 2024 was Other Coloring Matter; Preparations; Inorganic Products of a Kind Used as Luminophores, whether or not Chemically Defined (US$14.7M). The main origins of sales to Belgium were Ciudad de México (US$36.9M), Tamaulipas (US$8.42M), and Nuevo León (US$7.64M).
The main product bought by Mexico from Belgium in July 2024 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$11.6M). The main destinations of purchases made to Belgium were Ciudad de México (US$51M), Querétaro (US$14.8M), and Estado de México (US$10.8M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Chihuahua (US$160M), Sonora (US$81.3M), and San Luis Potosí (US$73.1M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$26B in FDI from Belgium, distributed in equity capital (US$15.4B), reinvestment of earnings (US$10.3B), and inter-company debts (US$346M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Belgium were Guanajuato (Confidential) and Quintana Roo (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Belgium are Ciudad de México (US$4.85B), Estado de México (US$3.37B), and Zacatecas (US$2.19B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Belgium and the remittances that Mexico receives from Belgium.
In the second quarter of 2024, Mexico received US$717k in remittances from Belgium, while Belgium received US$155k 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 Belgium.
During 2021, a total amount of remittances of US$1.42M is accumulated, while the FDI from Belgium to Mexico accumulated in the year is US$1.53B.
Migration
#permalink to sectionImmigration from Belgium
#permalink to sectionThe map shows the destination states of migrants from Belgium to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Belgium were Veracruz de Ignacio de la Llave (108 people), Aguascalientes (65 people), and Ciudad de México (58 people).
The main reasons of migration from Belgium to Mexico in recent years were educational (132 people) and family (109 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Belgium to Mexico in recent years.
309 inmigrants from Belgium were registered, 53.4% women and 46.6% men.
The age ranges that concentrated the largest migrant population from Belgium were 25 to 29 years (91 people), 40 to 44 years (72 people), and 35 to 39 years (44 people). These concentrated 67% of the total migrant population.