Philippines
Country
Jan-Jun 2024: US$161M, Foreign Direct Investment
2024-Q2: US$72.6k, Remittances received from Philippines
About Philippines
#permalink to sectionThe main sale from Mexico to Philippines in 2023 was Copper Ores and Concentrates (US$94.8M). The main origins of sales to Philippines were Sonora (US$99.3M), Ciudad de México (US$42.8M), and Jalisco (US$14.8M).
The main product bought by Mexico from Philippines in 2023 was Electronic Integrated Circuits (US$753M). The main destinations of purchases made to Philippines were Chihuahua (US$1.26B), Jalisco (US$645M), and Nuevo León (US$372M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Philippines to Mexico is US$161M. In the same period, the states that received the highest FDI from Philippines were Jalisco (Confidential) and Chihuahua (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$72.6k in remittances from Philippines, while Philippines received US$731k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 41 inmigrants from Philippines were registered in 2020, 100% women and 0% men. The states with the highest concentration of inmigrants from Philippines were Tamaulipas (34 people), Veracruz de Ignacio de la Llave (4 people), and Guerrero (3 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Philippines were US$7.48M, while international purchases reached US$357M. The above results in a trade balance of -US$349M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Philippines in 2023 was Copper Ores and Concentrates (US$94.8M). The main origins of sales to Philippines were Sonora (US$99.3M), Ciudad de México (US$42.8M), and Jalisco (US$14.8M).
The main product bought by Mexico from Philippines in 2023 was Electronic Integrated Circuits (US$753M). The main destinations of purchases made to Philippines were Chihuahua (US$1.26B), Jalisco (US$645M), and Nuevo León (US$372M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Philippines in July 2024 was Undenatured Ethyl Alcohol Alcohol Content Volume of less than 80% (US$1.5M). The main origins of sales to Philippines were Ciudad de México (US$3.39M), Jalisco (US$1.17M), and Baja California (US$796k).
The main product bought by Mexico from Philippines in July 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$94.9M). The main destinations of purchases made to Philippines were Chihuahua (US$148M), Jalisco (US$81.2M), and Nuevo León (US$32.4M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Sonora (US$47.6M), Puebla (US$886k), and Oaxaca (US$198k).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$107M in FDI from Philippines, distributed in equity capital (US$198M) and inter-company debts (-US$90.8M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Philippines were Jalisco (Confidential) and Chihuahua (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Philippines are Ciudad de México (US$71.7M), Colima (US$20.2M), and Jalisco (US$10.6M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Philippines and the remittances that Mexico receives from Philippines.
In the second quarter of 2024, Mexico received US$72.6k in remittances from Philippines, while Philippines received US$731k 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 Philippines.
During 2021, a total amount of remittances of US$147k is accumulated, while the FDI from Philippines to Mexico accumulated in the year is US$161M.
Migration
#permalink to sectionImmigration from Philippines
#permalink to sectionThe map shows the destination states of migrants from Philippines to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Philippines were Tamaulipas (34 people), Veracruz de Ignacio de la Llave (4 people), and Guerrero (3 people).
The main reasons of migration from Philippines to Mexico in recent years were personal (34 people) and family (7 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Philippines to Mexico in recent years.
41 inmigrants from Philippines were registered, 100% women and 0% men.
The age ranges that concentrated the largest migrant population from Philippines were 35 to 39 years (34 people), 20 to 24 years (4 people), and 25 to 29 years (3 people). These concentrated 100% of the total migrant population.