Luxembourg
Country
Jan-Jun 2024: US$25.8M, Foreign Direct Investment
2024-Q2: US$124k, Remittances received from Luxembourg
About Luxembourg
#permalink to sectionThe main sale from Mexico to Luxembourg in 2023 was Instruments and Apparatus for Regulating or Controlling (US$2.94M). The main origins of sales to Luxembourg were Jalisco (US$4.05M), Nuevo León (US$3.54M), and Sonora (US$822k).
The main product bought by Mexico from Luxembourg in 2023 was Sections of Iron or Non-Alloy Steel (US$81.6M). The main destinations of purchases made to Luxembourg were Guanajuato (US$54.6M), Jalisco (US$48.5M), and Nuevo León (US$17.1M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Luxembourg to Mexico is US$25.8M. In the same period, the states that received the highest FDI from Luxembourg were Ciudad de México (Confidential), Tamaulipas (Confidential), and Chihuahua (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$124k in remittances from Luxembourg, while Luxembourg received US$6.26k in remittances from Mexico.
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Luxembourg were US$2.53M, while international purchases reached US$20.5M. The above results in a trade balance of -US$18M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Luxembourg in 2023 was Instruments and Apparatus for Regulating or Controlling (US$2.94M). The main origins of sales to Luxembourg were Jalisco (US$4.05M), Nuevo León (US$3.54M), and Sonora (US$822k).
The main product bought by Mexico from Luxembourg in 2023 was Sections of Iron or Non-Alloy Steel (US$81.6M). The main destinations of purchases made to Luxembourg were Guanajuato (US$54.6M), Jalisco (US$48.5M), and Nuevo León (US$17.1M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Luxembourg in July 2024 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$878k). The main origins of sales to Luxembourg were Jalisco (US$1.46M), Veracruz de Ignacio de la Llave (US$477k), and San Luis Potosí (US$415k).
The main product bought by Mexico from Luxembourg in July 2024 was Sections of Iron or Non-Alloy Steel (US$9.31M). The main destinations of purchases made to Luxembourg were Nuevo León (US$4.93M), Ciudad de México (US$2.68M), and Jalisco (US$2.63M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Sonora (US$73.5k), Hidalgo (US$7.95k), and Zacatecas (-US$203).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$5.34B in FDI from Luxembourg, distributed in equity capital (US$2.77B), reinvestment of earnings (US$1.8B), and inter-company debts (US$762M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Luxembourg were Ciudad de México (Confidential), Tamaulipas (Confidential), and Chihuahua (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Luxembourg are Michoacán de Ocampo (US$3.87B), Ciudad de México (US$277M), and Chihuahua (US$251M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Luxembourg and the remittances that Mexico receives from Luxembourg.
In the second quarter of 2024, Mexico received US$124k in remittances from Luxembourg, while Luxembourg received US$6.26k 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 Luxembourg.
During 2021, a total amount of remittances of US$165k is accumulated, while the FDI from Luxembourg to Mexico accumulated in the year is US$25.8M.