Hong Kong
Country
Jan-Jun 2024: US$236M, Foreign Direct Investment
2024-Q2: US$373k, Remittances received from Hong Kong
About Hong Kong
#permalink to sectionThe main sale from Mexico to Hong Kong in 2023 was Electronic Integrated Circuits (US$167M). The main origins of sales to Hong Kong were Chihuahua (US$172M), Ciudad de México (US$142M), and Jalisco (US$110M).
The main product bought by Mexico from Hong Kong in 2023 was Electronic Integrated Circuits (US$47.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$414M), Baja California (US$141M), and Jalisco (US$90.2M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Hong Kong to Mexico is US$236M. In the same period, the states that received the highest FDI from Hong Kong were Michoacán de Ocampo (US$55M), Baja California (Confidential), and Ciudad de México (US$4.16M).
Regarding remittances, in the second quarter of 2024, Mexico received US$373k in remittances from Hong Kong, while Hong Kong received US$27.3k in remittances from Mexico.
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Hong Kong were US$97.8M, while international purchases reached US$177M. The above results in a trade balance of -US$79.5M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Hong Kong in 2023 was Electronic Integrated Circuits (US$167M). The main origins of sales to Hong Kong were Chihuahua (US$172M), Ciudad de México (US$142M), and Jalisco (US$110M).
The main product bought by Mexico from Hong Kong in 2023 was Electronic Integrated Circuits (US$47.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$414M), Baja California (US$141M), and Jalisco (US$90.2M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Hong Kong in July 2024 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$23.6M). The main origins of sales to Hong Kong were Jalisco (US$22.7M), Chihuahua (US$21.3M), and Ciudad de México (US$14.3M).
The main product bought by Mexico from Hong Kong in July 2024 was Printed Circuits (US$3.33M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$146M), Chihuahua (US$8.52M), and Jalisco (US$5.17M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Querétaro (US$159M), Chihuahua (US$85.6M), and Sinaloa (US$20.3M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$1.52B in FDI from Hong Kong, distributed in reinvestment of earnings (US$823M), inter-company debts (US$468M), and equity capital (US$228M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Hong Kong were Michoacán de Ocampo (US$55M), Baja California (Confidential), and Ciudad de México (US$4.16M).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Hong Kong are Michoacán de Ocampo (US$564M), Veracruz de Ignacio de la Llave (US$289M), and Baja California (US$240M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Hong Kong and the remittances that Mexico receives from Hong Kong.
In the second quarter of 2024, Mexico received US$373k in remittances from Hong Kong, while Hong Kong received US$27.3k 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 Hong Kong.
During 2021, a total amount of remittances of US$425k is accumulated, while the FDI from Hong Kong to Mexico accumulated in the year is US$236M.