Nicaragua
Country
Jan-Jun 2024: US$4.23M, Foreign Direct Investment
2024-Q2: US$2.1M, Remittances received from Nicaragua
About Nicaragua
#permalink to sectionThe main sale from Mexico to Nicaragua in 2023 was Electrical Wires and Cables (US$174M). The main origins of sales to Nicaragua were Nuevo León (US$268M), Jalisco (US$231M), and Ciudad de México (US$164M).
The main product bought by Mexico from Nicaragua in 2023 was Meat of Bovine Animals, Fresh or Chilled (US$120M). The main destinations of purchases made to Nicaragua were Sinaloa (US$147M), Nuevo León (US$89.6M), and Baja California (US$42.7M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Nicaragua to Mexico is US$4.23M. In the same period, the states that received the highest FDI from Nicaragua were Quintana Roo (Confidential) and Chihuahua (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$2.1M in remittances from Nicaragua, while Nicaragua received US$2.47M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 1,984 inmigrants from Nicaragua were registered in 2020, 45.9% women and 54.1% men. The states with the highest concentration of inmigrants from Nicaragua were Chihuahua (504 people), Coahuila de Zaragoza (432 people), and Chiapas (230 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Nicaragua were US$89.2M, while international purchases reached US$46.4M. The above results in a trade balance of US$42.7M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Nicaragua in 2023 was Electrical Wires and Cables (US$174M). The main origins of sales to Nicaragua were Nuevo León (US$268M), Jalisco (US$231M), and Ciudad de México (US$164M).
The main product bought by Mexico from Nicaragua in 2023 was Meat of Bovine Animals, Fresh or Chilled (US$120M). The main destinations of purchases made to Nicaragua were Sinaloa (US$147M), Nuevo León (US$89.6M), and Baja California (US$42.7M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Nicaragua in July 2024 was Electrical Wires and Cables (US$13.7M). The main origins of sales to Nicaragua were Nuevo León (US$22M), Jalisco (US$19.4M), and Ciudad de México (US$12.2M).
The main product bought by Mexico from Nicaragua in July 2024 was T-Shirts, Knitted or Crocheted (US$10.4M). The main destinations of purchases made to Nicaragua were Nuevo León (US$6.42M), Chihuahua (US$6.25M), and Baja California (US$5.16M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Jalisco (US$228M), Nuevo León (US$180M), and Ciudad de México (US$122M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$59.8M in FDI from Nicaragua, distributed in reinvestment of earnings (US$33.4M), equity capital (US$26M), and inter-company debts (US$380k).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Nicaragua were Quintana Roo (Confidential) and Chihuahua (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Nicaragua are Jalisco (US$35.4M), Michoacán de Ocampo (US$5.89M), and Guanajuato (US$3.57M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Nicaragua and the remittances that Mexico receives from Nicaragua.
In the second quarter of 2024, Mexico received US$2.1M in remittances from Nicaragua, while Nicaragua received US$2.47M 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 Nicaragua.
During 2021, a total amount of remittances of US$6.31M is accumulated, while the FDI from Nicaragua to Mexico accumulated in the year is US$4.23M.
Migration
#permalink to sectionImmigration from Nicaragua
#permalink to sectionThe map shows the destination states of migrants from Nicaragua to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Nicaragua were Chihuahua (504 people), Coahuila de Zaragoza (432 people), and Chiapas (230 people).
The main reasons of migration from Nicaragua to Mexico in recent years were family (837 people) and labor (412 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Nicaragua to Mexico in recent years.
1,984 inmigrants from Nicaragua were registered, 45.9% women and 54.1% men.
The age ranges that concentrated the largest migrant population from Nicaragua were 5 to 9 years (436 people), 35 to 39 years (413 people), and 30 to 34 years (322 people). These concentrated 59% of the total migrant population.