Spain
Country
Jan-Sep 2024: -US$903M, Foreign Direct Investment
2024-Q3: US$11.4M, Remittances received from Spain
About Spain
#permalink to sectionThe main sale from Mexico to Spain in 2023 was Parts for Engines of Reciprocating, Rotary Internal Combustion or Compression-Ignition (US$130M). The main origins of sales to Spain were Ciudad de México (US$292M), Nuevo León (US$217M), and Querétaro (US$131M).
The main product bought by Mexico from Spain in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$506M). The main destinations of purchases made to Spain were Ciudad de México (US$2.09B), Estado de México (US$812M), and Puebla (US$741M).
In the period January to September 2024, the Foreign Direct Investment (FDI) from Spain to Mexico is -US$903M. In the same period, the states that received the highest FDI from Spain were Quintana Roo (US$348M), Baja California (US$150M), and Nayarit (US$114M).
Regarding remittances, in the third quarter of 2024, Mexico received US$11.4M in remittances from Spain, while Spain received US$5.03M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 8,847 inmigrants from Spain were registered in 2020, 47.7% women and 52.3% men. The states with the highest concentration of inmigrants from Spain were Ciudad de México (2,903 people), Estado de México (828 people), and Jalisco (622 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Spain were US$118M, while international purchases reached US$552M. The above results in a trade balance of -US$434M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Spain in 2023 was Parts for Engines of Reciprocating, Rotary Internal Combustion or Compression-Ignition (US$130M). The main origins of sales to Spain were Ciudad de México (US$292M), Nuevo León (US$217M), and Querétaro (US$131M).
The main product bought by Mexico from Spain in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$506M). The main destinations of purchases made to Spain were Ciudad de México (US$2.09B), Estado de México (US$812M), and Puebla (US$741M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Spain in November 2024 was Zinc Ores and Concentrates (US$36.5M). The main origins of sales to Spain were Ciudad de México (US$54.7M), Nuevo León (US$9.12M), and Estado de México (US$7.7M).
The main product bought by Mexico from Spain in November 2024 was Forging or Stamping Machines, Pile Hammers and other Hammering Machines, for Metal Working (US$32M). The main destinations of purchases made to Spain were Ciudad de México (US$188M), Nuevo León (US$64.3M), and Estado de México (US$52.8M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Morelos (US$93.7M), Michoacán de Ocampo (US$80.6M), and Tamaulipas (US$24.7M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to September 2024, the FDI from Spain to Mexico reached -US$903M, distributed in reinvestment of earnings (US$702M), equity capital (US$34M), and inter-company debts (-US$1.64B).
From January 1999 to September 2024, Mexico has received a total of US$79.3B in FDI from Spain, distributed in equity capital (US$36.4B), reinvestment of earnings (US$35.5B), and inter-company debts (US$7.45B).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2024, the states that received the highest FDI from Spain were Quintana Roo (US$348M), Baja California (US$150M), and Nayarit (US$114M).
Historically (from January 1999 to September 2024) the states that have received the most FDI from Spain are Ciudad de México (US$23.1B), Estado de México (US$6.78B), and Nuevo León (US$4.57B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Spain and the remittances that Mexico receives from Spain.
In the third quarter of 2024, Mexico received US$11.4M in remittances from Spain, while Spain received US$5.03M 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 Spain.
During 2021, a total amount of remittances of US$33.1M is accumulated, while the FDI from Spain to Mexico accumulated in the year is -US$903M.
Migration
#permalink to sectionImmigration from Spain
#permalink to sectionThe map shows the destination states of migrants from Spain to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Spain were Ciudad de México (2,903 people), Estado de México (828 people), and Jalisco (622 people).
The main reasons of migration from Spain to Mexico in recent years were family (2,267 people) and economical (1,840 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Spain to Mexico in recent years.
8,847 inmigrants from Spain were registered, 47.7% women and 52.3% men.
The age ranges that concentrated the largest migrant population from Spain were 30 to 34 years (1,569 people), 40 to 44 years (1,464 people), and 35 to 39 years (1,329 people). These concentrated 49.3% of the total migrant population.