Portugal
Country
Jan-Jun 2024: -US$20M, Foreign Direct Investment
2024-Q2: US$304k, Remittances received from Portugal
About Portugal
#permalink to sectionThe main sale from Mexico to Portugal in 2023 was Unwrought Lead (US$12.8M). The main origins of sales to Portugal were Ciudad de México (US$25.3M), Nuevo León (US$17.6M), and Querétaro (US$7.89M).
The main product bought by Mexico from Portugal in 2023 was Casting Boxes to Mold Plates, Patterns, Metal Molds (Not Ingots) of Metal Carbides, Glass, Mineral Materials, Rubber or Plastics (US$44.3M). The main destinations of purchases made to Portugal were Ciudad de México (US$175M), Estado de México (US$73.5M), and Nuevo León (US$59.4M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Portugal to Mexico is -US$20M. In the same period, the states that received the highest FDI from Portugal were Quintana Roo (US$1.46M), Sinaloa (Confidential), and Baja California Sur (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$304k in remittances from Portugal, while Portugal received US$187k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 228 inmigrants from Portugal were registered in 2020, 16.7% women and 83.3% men. The states with the highest concentration of inmigrants from Portugal were Baja California (111 people), Guanajuato (52 people), and Ciudad de México (40 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Portugal were US$3.97M, while international purchases reached US$65.1M. The above results in a trade balance of -US$61.1M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Portugal in 2023 was Unwrought Lead (US$12.8M). The main origins of sales to Portugal were Ciudad de México (US$25.3M), Nuevo León (US$17.6M), and Querétaro (US$7.89M).
The main product bought by Mexico from Portugal in 2023 was Casting Boxes to Mold Plates, Patterns, Metal Molds (Not Ingots) of Metal Carbides, Glass, Mineral Materials, Rubber or Plastics (US$44.3M). The main destinations of purchases made to Portugal were Ciudad de México (US$175M), Estado de México (US$73.5M), and Nuevo León (US$59.4M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Portugal in July 2024 was Dried Leguminous Vegetables, Shelled, whether or not Skinned or Split (US$359k). The main origins of sales to Portugal were Jalisco (US$305k), Nuevo León (US$302k), and Estado de México (US$299k).
The main product bought by Mexico from Portugal in July 2024 was Paper and Paperboard, Uncoated, of a Kind Used for Writing, Printing or other Graphic Purposes, and Paper and Cardboard for O Cards and Punch Tape (Undrilled), in Coils (Rolls) or Sheets of Square or Rectangular, of any Size, other than Paper of Heading 4801 or 4803; Paper and Cardboard Handmade (Sheet by Sheet) (US$7.17M). The main destinations of purchases made to Portugal were Ciudad de México (US$18.2M), Jalisco (US$7.33M), and Nuevo León (US$6.51M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Morelos (US$1.75M), Campeche (US$52k), and Sinaloa (US$19.3k).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to June 2024, the FDI from Portugal to Mexico reached -US$1.29M, distributed in equity capital (-US$1.29M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Portugal were Quintana Roo (US$1.46M), Sinaloa (Confidential), and Baja California Sur (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Portugal are Ciudad de México (US$36.2M), Quintana Roo (US$11.4M), and Tlaxcala (US$9.85M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Portugal and the remittances that Mexico receives from Portugal.
In the second quarter of 2024, Mexico received US$304k in remittances from Portugal, while Portugal received US$187k 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 Portugal.
During 2021, a total amount of remittances of US$592k is accumulated, while the FDI from Portugal to Mexico accumulated in the year is -US$20M.
Migration
#permalink to sectionImmigration from Portugal
#permalink to sectionThe map shows the destination states of migrants from Portugal to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Portugal were Baja California (111 people), Guanajuato (52 people), and Ciudad de México (40 people).
The main reasons of migration from Portugal to Mexico in recent years were personal (111 people) and labor (40 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Portugal to Mexico in recent years.
228 inmigrants from Portugal were registered, 16.7% women and 83.3% men.
The age ranges that concentrated the largest migrant population from Portugal were 60 to 64 years (111 people), 35 to 39 years (52 people), and 45 to 49 years (40 people). These concentrated 89% of the total migrant population.