Germany
Country
Jan-Jun 2024: US$4.17B, Foreign Direct Investment
2024-Q2: US$4.4M, Remittances received from Germany
About Germany
#permalink to sectionThe main sale from Mexico to Germany in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$4.77B). The main origins of sales to Germany were Puebla (US$3.66B), Estado de México (US$1.29B), and Ciudad de México (US$808M).
The main product bought by Mexico from Germany in 2023 was Parts and Accessories of Motor Vehicles (US$2.53B). The main destinations of purchases made to Germany were Ciudad de México (US$5.72B), Puebla (US$2.74B), and Estado de México (US$1.82B).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Germany to Mexico is US$4.17B. In the same period, the states that received the highest FDI from Germany were Puebla (US$744M), San Luis Potosí (US$361M), and Jalisco (US$146M).
Regarding remittances, in the second quarter of 2024, Mexico received US$4.4M in remittances from Germany, while Germany received US$598k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 3,996 inmigrants from Germany were registered in 2020, 47.1% women and 52.9% men. The states with the highest concentration of inmigrants from Germany were Puebla (927 people), Ciudad de México (727 people), and San Luis Potosí (578 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Germany were US$950M, while international purchases reached US$1.97B. The above results in a trade balance of -US$1.02B.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Germany in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$4.77B). The main origins of sales to Germany were Puebla (US$3.66B), Estado de México (US$1.29B), and Ciudad de México (US$808M).
The main product bought by Mexico from Germany in 2023 was Parts and Accessories of Motor Vehicles (US$2.53B). The main destinations of purchases made to Germany were Ciudad de México (US$5.72B), Puebla (US$2.74B), and Estado de México (US$1.82B).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Germany in July 2024 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$23.9M). The main origins of sales to Germany were Ciudad de México (US$75.1M), Sonora (US$24.7M), and Nuevo León (US$19.1M).
The main product bought by Mexico from Germany in July 2024 was Parts and Accessories of Motor Vehicles (US$225M). The main destinations of purchases made to Germany were Ciudad de México (US$569M), Puebla (US$276M), and Estado de México (US$180M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Puebla (US$915M), Aguascalientes (US$144M), and Chiapas (US$3.63M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to June 2024, the FDI from Germany to Mexico reached US$1.74B, distributed in reinvestment of earnings (US$1.38B), inter-company debts (US$333M), and equity capital (US$23.6M).
From January 1999 to June 2024, Mexico has received a total of US$37.2B in FDI from Germany, distributed in inter-company debts (US$13.4B), reinvestment of earnings (US$13.3B), and equity capital (US$10.5B).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Germany were Puebla (US$744M), San Luis Potosí (US$361M), and Jalisco (US$146M).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Germany are Puebla (US$7.09B), Ciudad de México (US$5.56B), and Estado de México (US$4.31B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Germany and the remittances that Mexico receives from Germany.
In the second quarter of 2024, Mexico received US$4.4M in remittances from Germany, while Germany received US$598k 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 Germany.
During 2021, a total amount of remittances of US$8.92M is accumulated, while the FDI from Germany to Mexico accumulated in the year is US$4.17B.
Migration
#permalink to sectionImmigration from Germany
#permalink to sectionThe map shows the destination states of migrants from Germany to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Germany were Puebla (927 people), Ciudad de México (727 people), and San Luis Potosí (578 people).
The main reasons of migration from Germany to Mexico in recent years were family (1,318 people) and economical (1,054 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Germany to Mexico in recent years.
3,996 inmigrants from Germany were registered, 47.1% women and 52.9% men.
The age ranges that concentrated the largest migrant population from Germany were 30 to 34 years (735 people), 35 to 39 years (725 people), and 45 to 49 years (528 people). These concentrated 49.7% of the total migrant population.