Brazil
Country
Jan-Jun 2024: US$260M, Foreign Direct Investment
2024-Q2: US$6.16M, Remittances received from Brazil
About Brazil
#permalink to sectionThe main sale from Mexico to Brazil in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$677M). The main origins of sales to Brazil were Ciudad de México (US$1.57B), Nuevo León (US$550M), and Jalisco (US$360M).
The main product bought by Mexico from Brazil in 2023 was Intermediate Products of Iron or Non-Alloy Steel (US$3.08B). The main destinations of purchases made to Brazil were Nuevo León (US$4.18B), Ciudad de México (US$3.79B), and Querétaro (US$749M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Brazil to Mexico is US$260M. In the same period, the states that received the highest FDI from Brazil were Estado de México (US$53.4M), Hidalgo (US$33.8M), and Jalisco (US$25.4M).
Regarding remittances, in the second quarter of 2024, Mexico received US$6.16M in remittances from Brazil, while Brazil received US$1.63M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 6,803 inmigrants from Brazil were registered in 2020, 45.7% women and 54.3% men. The states with the highest concentration of inmigrants from Brazil were Ciudad de México (1,498 people), Querétaro (702 people), and Baja California (690 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Brazil were US$453M, while international purchases reached US$912M. The above results in a trade balance of -US$459M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Brazil in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$677M). The main origins of sales to Brazil were Ciudad de México (US$1.57B), Nuevo León (US$550M), and Jalisco (US$360M).
The main product bought by Mexico from Brazil in 2023 was Intermediate Products of Iron or Non-Alloy Steel (US$3.08B). The main destinations of purchases made to Brazil were Nuevo León (US$4.18B), Ciudad de México (US$3.79B), and Querétaro (US$749M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Brazil in July 2024 was Parts and Accessories of Motor Vehicles (US$67.6M). The main origins of sales to Brazil were Ciudad de México (US$127M), Nuevo León (US$53.7M), and Jalisco (US$35.8M).
The main product bought by Mexico from Brazil in July 2024 was Intermediate Products of Iron or Non-Alloy Steel (US$189M). The main destinations of purchases made to Brazil were Nuevo León (US$324M), Ciudad de México (US$204M), and Estado de México (US$53.1M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Aguascalientes (US$48.1M), Morelos (US$18.6M), and Zacatecas (US$15.2M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to June 2024, the FDI from Brazil to Mexico reached US$164M, distributed in reinvestment of earnings (US$134M), inter-company debts (US$29.7M), and equity capital (US$234k).
From January 1999 to June 2024, Mexico has received a total of US$7.41B in FDI from Brazil, distributed in equity capital (US$3.74B), reinvestment of earnings (US$2.08B), and inter-company debts (US$1.59B).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Brazil were Estado de México (US$53.4M), Hidalgo (US$33.8M), and Jalisco (US$25.4M).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Brazil are Veracruz de Ignacio de la Llave (US$2.68B), Ciudad de México (US$1.39B), and Querétaro (US$1B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Brazil and the remittances that Mexico receives from Brazil.
In the second quarter of 2024, Mexico received US$6.16M in remittances from Brazil, while Brazil received US$1.63M 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 Brazil.
During 2021, a total amount of remittances of US$12.7M is accumulated, while the FDI from Brazil to Mexico accumulated in the year is US$260M.
Migration
#permalink to sectionImmigration from Brazil
#permalink to sectionThe map shows the destination states of migrants from Brazil to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Brazil were Ciudad de México (1,498 people), Querétaro (702 people), and Baja California (690 people).
The main reasons of migration from Brazil to Mexico in recent years were economical (1,961 people) and labor (1,729 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Brazil to Mexico in recent years.
6,803 inmigrants from Brazil were registered, 45.7% women and 54.3% men.
The age ranges that concentrated the largest migrant population from Brazil were 35 to 39 years (1,401 people), 30 to 34 years (1,275 people), and 40 to 44 years (898 people). These concentrated 52.5% of the total migrant population.