Hong Kong
Country
Jan-Sep 2024: US$279M, Foreign Direct Investment
2024-Q3: US$270k, Remittances received from Hong Kong
About Hong Kong
#permalink to sectionThe main sale from Mexico to Hong Kong in 2023 was Electronic Integrated Circuits (US$167M). The main origins of sales to Hong Kong were Chihuahua (US$172M), Ciudad de México (US$142M), and Jalisco (US$110M).
The main product bought by Mexico from Hong Kong in 2023 was Electronic Integrated Circuits (US$47.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$414M), Baja California (US$141M), and Jalisco (US$90.2M).
In the period January to September 2024, the Foreign Direct Investment (FDI) from Hong Kong to Mexico is US$279M. In the same period, the states that received the highest FDI from Hong Kong were Veracruz de Ignacio de la Llave (Confidential), Ciudad de México (US$59.1M), and Michoacán de Ocampo (US$55M).
Regarding remittances, in the third quarter of 2024, Mexico received US$270k in remittances from Hong Kong, while Hong Kong received US$47.6k in remittances from Mexico.
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Hong Kong were US$84.9M, while international purchases reached US$54.7M. The above results in a trade balance of US$30.2M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Hong Kong in 2023 was Electronic Integrated Circuits (US$167M). The main origins of sales to Hong Kong were Chihuahua (US$172M), Ciudad de México (US$142M), and Jalisco (US$110M).
The main product bought by Mexico from Hong Kong in 2023 was Electronic Integrated Circuits (US$47.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$414M), Baja California (US$141M), and Jalisco (US$90.2M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Hong Kong in November 2024 was Electronic Integrated Circuits (US$17.6M). The main origins of sales to Hong Kong were Chihuahua (US$15.8M), Jalisco (US$11.3M), and Ciudad de México (US$9.95M).
The main product bought by Mexico from Hong Kong in November 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$11.5M). The main destinations of purchases made to Hong Kong were Chihuahua (US$29.2M), Ciudad de México (US$5.43M), and Baja California (US$4.14M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Querétaro (US$159M), Chihuahua (US$85.6M), and Sinaloa (US$20.3M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to September 2024, the FDI from Hong Kong to Mexico reached US$279M, distributed in reinvestment of earnings (US$188M), inter-company debts (US$76.5M), and equity capital (US$14.2M).
From January 1999 to September 2024, Mexico has received a total of US$1.68B in FDI from Hong Kong, distributed in reinvestment of earnings (US$897M), inter-company debts (US$544M), and equity capital (US$242M).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2024, the states that received the highest FDI from Hong Kong were Veracruz de Ignacio de la Llave (Confidential), Ciudad de México (US$59.1M), and Michoacán de Ocampo (US$55M).
Historically (from January 1999 to September 2024) the states that have received the most FDI from Hong Kong are Michoacán de Ocampo (US$564M), Veracruz de Ignacio de la Llave (US$356M), and Baja California (US$240M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Hong Kong and the remittances that Mexico receives from Hong Kong.
In the third quarter of 2024, Mexico received US$270k in remittances from Hong Kong, while Hong Kong received US$47.6k 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 Hong Kong.
During 2021, a total amount of remittances of US$695k is accumulated, while the FDI from Hong Kong to Mexico accumulated in the year is US$279M.