Canada
Country
Jan-Sep 2024: US$2.6B, Foreign Direct Investment
2024-Q3: US$326M, Remittances received from Canada
About Canada
#permalink to sectionThe main sale from Mexico to Canada in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$3.65B). The main origins of sales to Canada were Ciudad de México (US$6.01B), Puebla (US$1.9B), and Nuevo León (US$1.52B).
The main product bought by Mexico from Canada in 2023 was Parts and Accessories of Motor Vehicles (US$1.76B). The main destinations of purchases made to Canada were Ciudad de México (US$3.82B), Nuevo León (US$1.13B), and Jalisco (US$1.06B).
In the period January to September 2024, the Foreign Direct Investment (FDI) from Canada to Mexico is US$2.6B. In the same period, the states that received the highest FDI from Canada were Ciudad de México (US$1.57B), Veracruz de Ignacio de la Llave (US$158M), and Querétaro (US$155M).
Regarding remittances, in the third quarter of 2024, Mexico received US$326M in remittances from Canada, while Canada received US$6M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 8,858 inmigrants from Canada were registered in 2020, 35.8% women and 64.2% men. The states with the highest concentration of inmigrants from Canada were Ciudad de México (1,683 people), Jalisco (983 people), and Nuevo León (570 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Canada were US$1.73B, while international purchases reached US$1.02B. The above results in a trade balance of US$704M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Canada in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$3.65B). The main origins of sales to Canada were Ciudad de México (US$6.01B), Puebla (US$1.9B), and Nuevo León (US$1.52B).
The main product bought by Mexico from Canada in 2023 was Parts and Accessories of Motor Vehicles (US$1.76B). The main destinations of purchases made to Canada were Ciudad de México (US$3.82B), Nuevo León (US$1.13B), and Jalisco (US$1.06B).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Canada in November 2024 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$357M). The main origins of sales to Canada were Ciudad de México (US$603M), Nuevo León (US$156M), and Querétaro (US$77.8M).
The main product bought by Mexico from Canada in November 2024 was Parts and Accessories of Motor Vehicles (US$126M). The main destinations of purchases made to Canada were Ciudad de México (US$339M), Nuevo León (US$87.7M), and Estado de México (US$68.7M).
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$2.2B), Guanajuato (US$1.32B), and Puebla (US$1.21B).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to September 2024, the FDI from Canada to Mexico reached US$2.6B, distributed in reinvestment of earnings (US$1.76B), inter-company debts (US$636M), and equity capital (US$204M).
From January 1999 to September 2024, Mexico has received a total of US$56.8B in FDI from Canada, distributed in inter-company debts (US$20.1B), reinvestment of earnings (US$19.1B), and equity capital (US$17.7B).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2024, the states that received the highest FDI from Canada were Ciudad de México (US$1.57B), Veracruz de Ignacio de la Llave (US$158M), and Querétaro (US$155M).
Historically (from January 1999 to September 2024) the states that have received the most FDI from Canada are Ciudad de México (US$8.68B), Zacatecas (US$6.76B), and Chihuahua (US$5.26B).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Canada and the remittances that Mexico receives from Canada.
In the third quarter of 2024, Mexico received US$326M in remittances from Canada, while Canada received US$6M 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 Canada.
During 2021, a total amount of remittances of US$842M is accumulated, while the FDI from Canada to Mexico accumulated in the year is US$2.6B.
Migration
#permalink to sectionImmigration from Canada
#permalink to sectionThe map shows the destination states of migrants from Canada to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Canada were Ciudad de México (1,683 people), Jalisco (983 people), and Nuevo León (570 people).
The main reasons of migration from Canada to Mexico in recent years were family (2,950 people) and living place (2,066 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Canada to Mexico in recent years.
8,858 inmigrants from Canada were registered, 35.8% women and 64.2% men.
The age ranges that concentrated the largest migrant population from Canada were 35 to 39 years (1,753 people), 30 to 34 years (1,283 people), and 25 to 29 years (870 people). These concentrated 44.1% of the total migrant population.