Italy
Country
Jan-Jun 2024: -US$31.5M, Foreign Direct Investment
2024-Q2: US$2.8M, Remittances received from Italy
About Italy
#permalink to sectionThe main sale from Mexico to Italy in 2023 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$69.5M). The main origins of sales to Italy were Ciudad de México (US$160M), Nuevo León (US$133M), and Jalisco (US$59.8M).
The main product bought by Mexico from Italy in 2023 was Parts and Accessories of Motor Vehicles (US$609M). The main destinations of purchases made to Italy were Ciudad de México (US$3.08B), Nuevo León (US$972M), and Estado de México (US$884M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Italy to Mexico is -US$31.5M. In the same period, the states that received the highest FDI from Italy were Coahuila de Zaragoza (US$10.7M), Chihuahua (Confidential), and Quintana Roo (US$312k).
Regarding remittances, in the second quarter of 2024, Mexico received US$2.8M in remittances from Italy, while Italy received US$863k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 2,301 inmigrants from Italy were registered in 2020, 44.3% women and 55.7% men. The states with the highest concentration of inmigrants from Italy were Ciudad de México (934 people), Puebla (272 people), and Nuevo León (245 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Italy were US$59.9M, while international purchases reached US$906M. The above results in a trade balance of -US$846M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Italy in 2023 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$69.5M). The main origins of sales to Italy were Ciudad de México (US$160M), Nuevo León (US$133M), and Jalisco (US$59.8M).
The main product bought by Mexico from Italy in 2023 was Parts and Accessories of Motor Vehicles (US$609M). The main destinations of purchases made to Italy were Ciudad de México (US$3.08B), Nuevo León (US$972M), and Estado de México (US$884M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Italy in July 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$11.2M). The main origins of sales to Italy were Ciudad de México (US$19.8M), Nuevo León (US$5.12M), and Querétaro (US$5.07M).
The main product bought by Mexico from Italy in July 2024 was Parts and Accessories of Motor Vehicles (US$65.1M). The main destinations of purchases made to Italy were Ciudad de México (US$310M), Nuevo León (US$120M), and Estado de México (US$91.9M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Chiapas (US$528k), Oaxaca (-US$307k), and Zacatecas (-US$2.35M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$8.59B in FDI from Italy, distributed in equity capital (US$3.59B), inter-company debts (US$2.83B), and reinvestment of earnings (US$2.17B).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Italy were Coahuila de Zaragoza (US$10.7M), Chihuahua (Confidential), and Quintana Roo (US$312k).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Italy are Coahuila de Zaragoza (US$2.17B), Guanajuato (US$1.11B), and Estado de México (US$1.06B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Italy and the remittances that Mexico receives from Italy.
In the second quarter of 2024, Mexico received US$2.8M in remittances from Italy, while Italy received US$863k 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 Italy.
During 2021, a total amount of remittances of US$5.98M is accumulated, while the FDI from Italy to Mexico accumulated in the year is -US$31.5M.
Migration
#permalink to sectionImmigration from Italy
#permalink to sectionThe map shows the destination states of migrants from Italy to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Italy were Ciudad de México (934 people), Puebla (272 people), and Nuevo León (245 people).
The main reasons of migration from Italy to Mexico in recent years were economical (615 people) and family (594 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Italy to Mexico in recent years.
2,301 inmigrants from Italy were registered, 44.3% women and 55.7% men.
The age ranges that concentrated the largest migrant population from Italy were 40 to 44 years (381 people), 45 to 49 years (315 people), and 55 to 59 years (268 people). These concentrated 41.9% of the total migrant population.