Panama
Country
Jan-Jun 2024: US$21M, Foreign Direct Investment
2024-Q2: US$2.23M, Remittances received from Panama
About Panama
#permalink to sectionThe main sale from Mexico to Panama in 2023 was Constructions and Parts Thereof (Bridges and Parts Thereof, Towers, Doors and Windows and their Frames) of Iron or Steel, Excluding Prefabricated Buildings (US$163M). The main origins of sales to Panama were Nuevo León (US$314M), Ciudad de México (US$287M), and Estado de México (US$224M).
The main product bought by Mexico from Panama in 2023 was Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified (US$21.5M). The main destinations of purchases made to Panama were Ciudad de México (US$24.3M), Jalisco (US$15.7M), and Querétaro (US$3.39M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Panama to Mexico is US$21M. In the same period, the states that received the highest FDI from Panama were Estado de México (Confidential) and Ciudad de México (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$2.23M in remittances from Panama, while Panama received US$1.58M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 1,795 inmigrants from Panama were registered in 2020, 44.8% women and 55.2% men. The states with the highest concentration of inmigrants from Panama were Yucatán (722 people), Nuevo León (260 people), and Estado de México (211 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Panama were US$98.1M, while international purchases reached US$4.16M. The above results in a trade balance of US$93.9M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Panama in 2023 was Constructions and Parts Thereof (Bridges and Parts Thereof, Towers, Doors and Windows and their Frames) of Iron or Steel, Excluding Prefabricated Buildings (US$163M). The main origins of sales to Panama were Nuevo León (US$314M), Ciudad de México (US$287M), and Estado de México (US$224M).
The main product bought by Mexico from Panama in 2023 was Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified (US$21.5M). The main destinations of purchases made to Panama were Ciudad de México (US$24.3M), Jalisco (US$15.7M), and Querétaro (US$3.39M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Panama in July 2024 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$19.2M). The main origins of sales to Panama were Ciudad de México (US$27.5M), Estado de México (US$14.1M), and Querétaro (US$13.1M).
The main product bought by Mexico from Panama in July 2024 was Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified (US$1.78M). The main destinations of purchases made to Panama were Jalisco (US$1.37M), Ciudad de México (US$833k), and Estado de México (US$621k).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Nuevo León (US$314M), Ciudad de México (US$263M), and Estado de México (US$226M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$935M in FDI from Panama, distributed in equity capital (US$702M), inter-company debts (US$121M), and reinvestment of earnings (US$113M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Panama were Estado de México (Confidential) and Ciudad de México (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Panama are Quintana Roo (US$396M), Ciudad de México (US$232M), and Aguascalientes (US$92.8M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Panama and the remittances that Mexico receives from Panama.
In the second quarter of 2024, Mexico received US$2.23M in remittances from Panama, while Panama received US$1.58M 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 Panama.
During 2021, a total amount of remittances of US$4.46M is accumulated, while the FDI from Panama to Mexico accumulated in the year is US$21M.
Migration
#permalink to sectionImmigration from Panama
#permalink to sectionThe map shows the destination states of migrants from Panama to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Panama were Yucatán (722 people), Nuevo León (260 people), and Estado de México (211 people).
The main reasons of migration from Panama to Mexico in recent years were family (943 people) and economical (529 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Panama to Mexico in recent years.
1,795 inmigrants from Panama were registered, 44.8% women and 55.2% men.
The age ranges that concentrated the largest migrant population from Panama were 5 to 9 years (405 people), 35 to 39 years (363 people), and 40 to 44 years (255 people). These concentrated 57% of the total migrant population.