Canada
Country
Jan-Dec 2024: US$3.22B, Foreign Direct Investment
2024-Q4: US$253M, Remittances received from Canada
About Canada
#permalink to sectionThe main sale from Mexico to Canada in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$3.65B). The main origins of sales to Canada were Ciudad de México (US$6.01B), Puebla (US$1.9B), and Nuevo León (US$1.52B).
The main product bought by Mexico from Canada in 2023 was Parts and Accessories of Motor Vehicles (US$1.76B). The main destinations of purchases made to Canada were Ciudad de México (US$3.82B), Nuevo León (US$1.13B), and Jalisco (US$1.06B).
In the period January to December 2024, the Foreign Direct Investment (FDI) from Canada to Mexico is US$3.22B. In the same period, the states that received the highest FDI from Canada were Ciudad de México (US$1.72B), Veracruz de Ignacio de la Llave (US$277M), and Querétaro (US$195M).
Regarding remittances, in the fourth quarter of 2024, Mexico received US$253M in remittances from Canada, while Canada received US$5.09M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 8,858 inmigrants from Canada were registered in 2020, 35.8% women and 64.2% men. The states with the highest concentration of inmigrants from Canada were N/A.
Commercial Exchange
#permalink to sectionMarket Share
#permalink to sectionThe icons show the percentage share of Canada in Mexico's imports and exports, as well as the net trade balance between the two countries.
Data provided by Bank of Mexico.
Corresponding to US$18.9B in 2024: 3.06%, Participation of the Canada in the exports of Mexico
Corresponding to US$12.9B in 2024: 2.07%, Participation of the Canada in the imports of Mexico
Corresponds to the difference of exports and imports between both countries: US$5.99B, Net trade balance between Mexico and the Canada in 2024
Net International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Canada were US$1.73B, while international purchases reached US$1.02B. The above results in a trade balance of US$704M.
Net International Trade with Canada, according BCMM
Monthly Flow
Annual International Trade
#permalink to sectionThe main sale from Mexico to Canada in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$3.65B). The main origins of sales to Canada were Ciudad de México (US$6.01B), Puebla (US$1.9B), and Nuevo León (US$1.52B).
The main product bought by Mexico from Canada in 2023 was Parts and Accessories of Motor Vehicles (US$1.76B). The main destinations of purchases made to Canada were Ciudad de México (US$3.82B), Nuevo León (US$1.13B), and Jalisco (US$1.06B).
International Purchases - 2023
[Click on the Visualization to Select]
Destination of International Purchases from Canada - 2023
[Click on the Visualization to Select]
Monthly International Trade
#permalink to sectionThe main product bought by Mexico from Canada in November 2024 was Parts and Accessories of Motor Vehicles (US$126M). The main destinations of purchases made to Canada were Ciudad de México (US$339M), Nuevo León (US$87.7M), and Estado de México (US$68.7M).
International Purchases - November 2024
[Click on the Visualization to Select]
Destination of International Purchases from Canada - November 2024
[Click on the Visualization to Select]
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Ciudad de México (US$2.2B), Guanajuato (US$1.32B), and Puebla (US$1.21B).
Trade Balance by State (2023)
[Click on the Visualization to Select a State]
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to December 2024, the FDI from Canada to Mexico reached US$3.22B, distributed in reinvestment of earnings (US$1.76B), inter-company debts (US$1.17B), and equity capital (US$285M).
From January 1999 to December 2024, Mexico has received a total of US$57.9B in FDI from Canada, distributed in inter-company debts (US$20.9B), reinvestment of earnings (US$19.1B), and equity capital (US$17.9B).
Annual Flow of FDI from Canada to Mexico
Foreign Direct Investment by States
#permalink to sectionFrom January to December 2024, the states that received the highest FDI from Canada were Ciudad de México (US$1.72B), Veracruz de Ignacio de la Llave (US$277M), and Querétaro (US$195M).
Historically (from January 1999 to December 2024) the states that have received the most FDI from Canada are Ciudad de México (US$8.89B), Zacatecas (US$6.87B), and Chihuahua (US$5.31B).
FDI by State
Period Jan-Dec 2024
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Canada and the remittances that Mexico receives from Canada.
In the fourth quarter of 2024, Mexico received US$253M in remittances from Canada, while Canada received US$5.09M in remittances from Mexico.
Evolution of the flow of remittances between Mexico and Canada
Remittancesand Foreign Direct Investment
#permalink to sectionThe visualization compares the evolution of Foreign Direct Investment (FDI) and the income from remittances from Canada.
During 2021, a total amount of remittances of US$1.09B is accumulated, while the FDI from Canada to Mexico accumulated in the year is US$3.22B.
Comparison of Income from Remittances and FDI from Canada
Migration
#permalink to sectionImmigration from Canada
#permalink to sectionThe map shows the destination states of migrants from Canada to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Canada were N/A.
The main reasons of migration from Canada to Mexico in recent years were family (2,950 people) and living place (2,066 people).
Destination of immigrants from the Canada
[Click on the Visualization to Select a State]
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Canada to Mexico in recent years.
8,858 inmigrants from Canada were registered, 35.8% women and 64.2% men.
The age ranges that concentrated the largest migrant population from Canada were 35 to 39 years (1,753 people), 30 to 34 years (1,283 people), and 25 to 29 years (870 people). These concentrated 44.1% of the total migrant population.