South Africa
Country
Jan-Sep 2024: -US$16.2M, Foreign Direct Investment
2024-Q3: US$85.4k, Remittances received from South Africa
About South Africa
#permalink to sectionThe main sale from Mexico to South Africa in 2023 was Parts and Accessories of Motor Vehicles (US$44.2M). The main origins of sales to South Africa were Ciudad de México (US$57.3M), Jalisco (US$44.8M), and Nuevo León (US$22.8M).
The main product bought by Mexico from South Africa in 2023 was Unwrought Aluminum (US$466M). The main destinations of purchases made to South Africa were Ciudad de México (US$441M), Estado de México (US$231M), and Nuevo León (US$113M).
In the period January to September 2024, the Foreign Direct Investment (FDI) from South Africa to Mexico is -US$16.2M. In the same period, the states that received the highest FDI from South Africa were Quintana Roo (Confidential), Nayarit (Confidential), and Baja California (Confidential).
Regarding remittances, in the third quarter of 2024, Mexico received US$85.4k in remittances from South Africa, while South Africa received US$58.6k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 84 inmigrants from South Africa were registered in 2020, 98.8% women and 1.19% men. The states with the highest concentration of inmigrants from South Africa were Baja California (82 people) and Sonora (2 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to South Africa were US$23M, while international purchases reached US$90.8M. The above results in a trade balance of -US$67.8M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to South Africa in 2023 was Parts and Accessories of Motor Vehicles (US$44.2M). The main origins of sales to South Africa were Ciudad de México (US$57.3M), Jalisco (US$44.8M), and Nuevo León (US$22.8M).
The main product bought by Mexico from South Africa in 2023 was Unwrought Aluminum (US$466M). The main destinations of purchases made to South Africa were Ciudad de México (US$441M), Estado de México (US$231M), and Nuevo León (US$113M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to South Africa in November 2024 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$2.77M). The main origins of sales to South Africa were Jalisco (US$3.59M), Ciudad de México (US$3.54M), and Querétaro (US$2M).
The main product bought by Mexico from South Africa in November 2024 was Unwrought Aluminum (US$41.8M). The main destinations of purchases made to South Africa were Ciudad de México (US$42.1M), San Luis Potosí (US$13.6M), and Estado de México (US$11.3M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Jalisco (US$37.1M), San Luis Potosí (US$24.9M), and Aguascalientes (US$10.8M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to September 2024, Mexico has received a total of US$556M in FDI from South Africa, distributed in equity capital (US$404M), reinvestment of earnings (US$102M), and inter-company debts (US$50.1M).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2024, the states that received the highest FDI from South Africa were Quintana Roo (Confidential), Nayarit (Confidential), and Baja California (Confidential).
Historically (from January 1999 to September 2024) the states that have received the most FDI from South Africa are Estado de México (US$337M), Jalisco (US$113M), and Guanajuato (Confidential).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to South Africa and the remittances that Mexico receives from South Africa.
In the third quarter of 2024, Mexico received US$85.4k in remittances from South Africa, while South Africa received US$58.6k 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 South Africa.
During 2021, a total amount of remittances of US$236k is accumulated, while the FDI from South Africa to Mexico accumulated in the year is -US$16.2M.
Migration
#permalink to sectionImmigration from South Africa
#permalink to sectionThe map shows the destination states of migrants from South Africa to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from South Africa were Baja California (82 people) and Sonora (2 people).
The main reasons of migration from South Africa to Mexico in recent years were economical (82 people) and labor (1 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from South Africa to Mexico in recent years.
84 inmigrants from South Africa were registered, 98.8% women and 1.19% men.
The age ranges that concentrated the largest migrant population from South Africa were 40 to 44 years (82 people), 55 to 59 years (1 people), and 50 to 54 years (1 people). These concentrated 100% of the total migrant population.