Venezuela
Country
Jan-Jun 2024: US$8.42M, Foreign Direct Investment
2024-Q2: US$3.47M, Remittances received from Venezuela
About Venezuela
#permalink to sectionThe main sale from Mexico to Venezuela in 2023 was Corn (US$41.8M). The main origins of sales to Venezuela were Ciudad de México (US$101M), Estado de México (US$40.7M), and Nuevo León (US$33.6M).
The main product bought by Mexico from Venezuela in 2023 was Other Oil Seeds and Oleaginous Fruits, whole or Broken (US$9.51M). The main destinations of purchases made to Venezuela were Jalisco (US$11.7M), Ciudad de México (US$1.66M), and Chihuahua (US$1.49M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Venezuela to Mexico is US$8.42M. In the same period, the states that received the highest FDI from Venezuela were Quintana Roo (US$961k), Yucatán (US$281k), and Tabasco (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$3.47M in remittances from Venezuela, while Venezuela received US$4.95M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 33,826 inmigrants from Venezuela were registered in 2020, 53.7% women and 46.3% men. The states with the highest concentration of inmigrants from Venezuela were Ciudad de México (7,945 people), Baja California (4,567 people), and Nuevo León (3,195 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Venezuela were US$17.2M, while international purchases reached US$9.14M. The above results in a trade balance of US$8.1M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Venezuela in 2023 was Corn (US$41.8M). The main origins of sales to Venezuela were Ciudad de México (US$101M), Estado de México (US$40.7M), and Nuevo León (US$33.6M).
The main product bought by Mexico from Venezuela in 2023 was Other Oil Seeds and Oleaginous Fruits, whole or Broken (US$9.51M). The main destinations of purchases made to Venezuela were Jalisco (US$11.7M), Ciudad de México (US$1.66M), and Chihuahua (US$1.49M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Venezuela in July 2024 was Surface-Active, Washing (Including Auxiliary Washing) and Cleaning Preparations, Containing Soap or Not (US$2.22M). The main origins of sales to Venezuela were Estado de México (US$6.32M), Nuevo León (US$3.32M), and Ciudad de México (US$3.3M).
The main product bought by Mexico from Venezuela in July 2024 was Other Oil Seeds and Oleaginous Fruits, whole or Broken (US$6.09M). The main destinations of purchases made to Venezuela were Jalisco (US$6.33M), Nuevo León (US$653k), and San Luis Potosí (US$452k).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Ciudad de México (US$99.8M), Estado de México (US$39.7M), and Nuevo León (US$33.7M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to June 2024, the FDI from Venezuela to Mexico reached US$947k, distributed in equity capital (US$947k).
From January 1999 to June 2024, Mexico has received a total of US$229M in FDI from Venezuela, distributed in equity capital (US$232M), reinvestment of earnings (US$6.87M), and inter-company debts (-US$9.88M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Venezuela were Quintana Roo (US$961k), Yucatán (US$281k), and Tabasco (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Venezuela are Quintana Roo (US$50.1M), Tabasco (US$48.9M), and Veracruz de Ignacio de la Llave (US$33.7M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Venezuela and the remittances that Mexico receives from Venezuela.
In the second quarter of 2024, Mexico received US$3.47M in remittances from Venezuela, while Venezuela received US$4.95M 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 Venezuela.
During 2021, a total amount of remittances of US$5.94M is accumulated, while the FDI from Venezuela to Mexico accumulated in the year is US$8.42M.
Migration
#permalink to sectionImmigration from Venezuela
#permalink to sectionThe map shows the destination states of migrants from Venezuela to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Venezuela were Ciudad de México (7,945 people), Baja California (4,567 people), and Nuevo León (3,195 people).
The main reasons of migration from Venezuela to Mexico in recent years were family (9,428 people) and labor (7,237 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Venezuela to Mexico in recent years.
33,826 inmigrants from Venezuela were registered, 53.7% women and 46.3% men.
The age ranges that concentrated the largest migrant population from Venezuela were 30 to 34 years (5,392 people), 25 to 29 years (4,955 people), and 40 to 44 years (3,334 people). These concentrated 40.4% of the total migrant population.