Costa Rica
Country
Jan-Jun 2024: US$4.12M, Foreign Direct Investment
2024-Q2: US$1.34M, Remittances received from Costa Rica
About Costa Rica
#permalink to sectionThe main sale from Mexico to Costa Rica in 2023 was Motor Vehicles for the Transport of Goods (US$61.5M). The main origins of sales to Costa Rica were Ciudad de México (US$434M), Estado de México (US$172M), and Nuevo León (US$136M).
The main product bought by Mexico from Costa Rica in 2023 was Electronic Integrated Circuits (US$905M). The main destinations of purchases made to Costa Rica were Chihuahua (US$776M), Nuevo León (US$216M), and Ciudad de México (US$133M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Costa Rica to Mexico is US$4.12M. In the same period, the states that received the highest FDI from Costa Rica were Quintana Roo (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$1.34M in remittances from Costa Rica, while Costa Rica received US$1.06M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 2,298 inmigrants from Costa Rica were registered in 2020, 51% women and 49% men. The states with the highest concentration of inmigrants from Costa Rica were Ciudad de México (676 people), Estado de México (508 people), and Sinaloa (266 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Costa Rica were US$111M, while international purchases reached US$273M. The above results in a trade balance of -US$163M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Costa Rica in 2023 was Motor Vehicles for the Transport of Goods (US$61.5M). The main origins of sales to Costa Rica were Ciudad de México (US$434M), Estado de México (US$172M), and Nuevo León (US$136M).
The main product bought by Mexico from Costa Rica in 2023 was Electronic Integrated Circuits (US$905M). The main destinations of purchases made to Costa Rica were Chihuahua (US$776M), Nuevo León (US$216M), and Ciudad de México (US$133M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Costa Rica in July 2024 was Motor Vehicles for the Transport of Goods (US$9.92M). The main origins of sales to Costa Rica were Ciudad de México (US$40.3M), Estado de México (US$13.5M), and Nuevo León (US$12.4M).
The main product bought by Mexico from Costa Rica in July 2024 was Electronic Integrated Circuits (US$198M). The main destinations of purchases made to Costa Rica were Chihuahua (US$180M), Jalisco (US$38.9M), and Nuevo León (US$21.2M).
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$301M), Estado de México (US$137M), and Querétaro (US$60.4M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$229M in FDI from Costa Rica, distributed in equity capital (US$220M), reinvestment of earnings (US$16.7M), and inter-company debts (-US$8.18M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Costa Rica were Quintana Roo (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Costa Rica are Jalisco (US$107M), Querétaro (US$38.5M), and Chiapas (US$26.6M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Costa Rica and the remittances that Mexico receives from Costa Rica.
In the second quarter of 2024, Mexico received US$1.34M in remittances from Costa Rica, while Costa Rica received US$1.06M 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 Costa Rica.
During 2021, a total amount of remittances of US$2.7M is accumulated, while the FDI from Costa Rica to Mexico accumulated in the year is US$4.12M.
Migration
#permalink to sectionImmigration from Costa Rica
#permalink to sectionThe map shows the destination states of migrants from Costa Rica to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Costa Rica were Ciudad de México (676 people), Estado de México (508 people), and Sinaloa (266 people).
The main reasons of migration from Costa Rica to Mexico in recent years were family (835 people) and labor (446 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Costa Rica to Mexico in recent years.
2,298 inmigrants from Costa Rica were registered, 51% women and 49% men.
The age ranges that concentrated the largest migrant population from Costa Rica were 25 to 29 years (370 people), 45 to 49 years (265 people), and 40 to 44 years (265 people). These concentrated 39.2% of the total migrant population.