Sweden
Country
Jan-Sep 2024: -US$137M, Foreign Direct Investment
2024-Q3: US$476k, Remittances received from Sweden
About Sweden
#permalink to sectionThe main sale from Mexico to Sweden in 2023 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$29.3M). The main origins of sales to Sweden were Nuevo León (US$57.9M), Jalisco (US$18.4M), and Ciudad de México (US$8.96M).
The main product bought by Mexico from Sweden in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$91.3M). The main destinations of purchases made to Sweden were Ciudad de México (US$501M), Nuevo León (US$229M), and Estado de México (US$121M).
In the period January to September 2024, the Foreign Direct Investment (FDI) from Sweden to Mexico is -US$137M. In the same period, the states that received the highest FDI from Sweden were Chihuahua (US$11.9M), Aguascalientes (US$6.65M), and Puebla (Confidential).
Regarding remittances, in the third quarter of 2024, Mexico received US$476k in remittances from Sweden, while Sweden received US$43k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 268 inmigrants from Sweden were registered in 2020, 44% women and 56% men. The states with the highest concentration of inmigrants from Sweden were Coahuila de Zaragoza (112 people), Nuevo León (34 people), and Baja California (30 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Sweden were US$13.1M, while international purchases reached US$131M. The above results in a trade balance of -US$118M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Sweden in 2023 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$29.3M). The main origins of sales to Sweden were Nuevo León (US$57.9M), Jalisco (US$18.4M), and Ciudad de México (US$8.96M).
The main product bought by Mexico from Sweden in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$91.3M). The main destinations of purchases made to Sweden were Ciudad de México (US$501M), Nuevo León (US$229M), and Estado de México (US$121M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Sweden in November 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$1.68M). The main origins of sales to Sweden were Nuevo León (US$4.05M), Ciudad de México (US$1.32M), and Chihuahua (US$1.24M).
The main product bought by Mexico from Sweden in November 2024 was Rolled Products of other Alloy Steel (US$12.6M). The main destinations of purchases made to Sweden were Ciudad de México (US$48.8M), Nuevo León (US$23.9M), and Estado de México (US$12.1M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Oaxaca (US$215k), Guerrero (-US$2.95k), and Zacatecas (-US$10.7k).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to September 2024, the FDI from Sweden to Mexico reached -US$137M, distributed in reinvestment of earnings (US$50.1M), equity capital (US$866k), and inter-company debts (-US$188M).
From January 1999 to September 2024, Mexico has received a total of US$3.05B in FDI from Sweden, distributed in inter-company debts (US$1.02B), equity capital (US$1.02B), and reinvestment of earnings (US$1.01B).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2024, the states that received the highest FDI from Sweden were Chihuahua (US$11.9M), Aguascalientes (US$6.65M), and Puebla (Confidential).
Historically (from January 1999 to September 2024) the states that have received the most FDI from Sweden are Estado de México (US$654M), Querétaro (US$600M), and Chihuahua (US$528M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Sweden and the remittances that Mexico receives from Sweden.
In the third quarter of 2024, Mexico received US$476k in remittances from Sweden, while Sweden received US$43k 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 Sweden.
During 2021, a total amount of remittances of US$1.44M is accumulated, while the FDI from Sweden to Mexico accumulated in the year is -US$137M.
Migration
#permalink to sectionImmigration from Sweden
#permalink to sectionThe map shows the destination states of migrants from Sweden to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Sweden were Coahuila de Zaragoza (112 people), Nuevo León (34 people), and Baja California (30 people).
The main reasons of migration from Sweden to Mexico in recent years were educational (87 people) and economical (63 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Sweden to Mexico in recent years.
268 inmigrants from Sweden were registered, 44% women and 56% men.
The age ranges that concentrated the largest migrant population from Sweden were 35 to 39 years (93 people), 30 to 34 years (56 people), and 20 to 24 years (53 people). These concentrated 75.4% of the total migrant population.