Norway
Country
Jan-Jun 2024: US$65.5M, Foreign Direct Investment
2024-Q2: US$271k, Remittances received from Norway
About Norway
#permalink to sectionThe main sale from Mexico to Norway in 2023 was Tubes and Pipes of Iron or Steel (US$38.9M). The main origins of sales to Norway were Veracruz de Ignacio de la Llave (US$42.1M), Nuevo León (US$27M), and Jalisco (US$6.54M).
The main product bought by Mexico from Norway in 2023 was Mineral or Chemical, with two or three of the Fertilizing Elements Nitrogen, Phosphorus and Potassium; in Packages of a Weight not Exceeding 10 Kg Gross (US$123M). The main destinations of purchases made to Norway were Jalisco (US$168M), Ciudad de México (US$66.4M), and Nuevo León (US$14.3M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Norway to Mexico is US$65.5M. In the same period, the states that received the highest FDI from Norway were Veracruz de Ignacio de la Llave (Confidential), Jalisco (Confidential), and Estado de México (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$271k in remittances from Norway, while Norway received US$32.5k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 133 inmigrants from Norway were registered in 2020, 12% women and 88% men. The states with the highest concentration of inmigrants from Norway were Nuevo León (75 people), Puebla (32 people), and Baja California Sur (14 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Norway were US$6.93M, while international purchases reached US$41.3M. The above results in a trade balance of -US$34.3M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Norway in 2023 was Tubes and Pipes of Iron or Steel (US$38.9M). The main origins of sales to Norway were Veracruz de Ignacio de la Llave (US$42.1M), Nuevo León (US$27M), and Jalisco (US$6.54M).
The main product bought by Mexico from Norway in 2023 was Mineral or Chemical, with two or three of the Fertilizing Elements Nitrogen, Phosphorus and Potassium; in Packages of a Weight not Exceeding 10 Kg Gross (US$123M). The main destinations of purchases made to Norway were Jalisco (US$168M), Ciudad de México (US$66.4M), and Nuevo León (US$14.3M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Norway in July 2024 was Tubes and Pipes of Iron or Steel (US$3.06M). The main origins of sales to Norway were Veracruz de Ignacio de la Llave (US$3.11M), Nuevo León (US$1.78M), and Jalisco (US$645k).
The main product bought by Mexico from Norway in July 2024 was Mineral or Chemical, with two or three of the Fertilizing Elements Nitrogen, Phosphorus and Potassium; in Packages of a Weight not Exceeding 10 Kg Gross (US$24.4M). The main destinations of purchases made to Norway were Jalisco (US$27.5M), Ciudad de México (US$6.79M), and Nuevo León (US$2.42M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Veracruz de Ignacio de la Llave (US$40.6M), Nuevo León (US$12.8M), and Aguascalientes (US$2.56M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$1.01B in FDI from Norway, distributed in inter-company debts (US$622M), equity capital (US$328M), and reinvestment of earnings (US$56.4M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Norway were Veracruz de Ignacio de la Llave (Confidential), Jalisco (Confidential), and Estado de México (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Norway are Veracruz de Ignacio de la Llave (US$550M), Jalisco (US$129M), and Tamaulipas (US$67.9M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Norway and the remittances that Mexico receives from Norway.
In the second quarter of 2024, Mexico received US$271k in remittances from Norway, while Norway received US$32.5k 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 Norway.
During 2021, a total amount of remittances of US$495k is accumulated, while the FDI from Norway to Mexico accumulated in the year is US$65.5M.
Migration
#permalink to sectionImmigration from Norway
#permalink to sectionThe map shows the destination states of migrants from Norway to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Norway were Nuevo León (75 people), Puebla (32 people), and Baja California Sur (14 people).
The main reasons of migration from Norway to Mexico in recent years were living place (75 people) and family (35 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Norway to Mexico in recent years.
133 inmigrants from Norway were registered, 12% women and 88% men.
The age ranges that concentrated the largest migrant population from Norway were 70 to 74 years (75 people), 25 to 29 years (14 people), and 60 to 64 years (11 people). These concentrated 75.2% of the total migrant population.