Russia
Country
Jan-Dec 2024: US$86.4M, Foreign Direct Investment
About Russia
#permalink to sectionThe main sale from Mexico to Russia in 2023 was Pepper of the Genus Piper; Fruits of the Capsicum Genus or Pimenta, Dried, Crushed or Ground (US$5.32M). The main origins of sales to Russia were Ciudad de México (US$7.71M), Veracruz de Ignacio de la Llave (US$6.88M), and Jalisco (US$6.68M).
The main product bought by Mexico from Russia in 2023 was Intermediate Products of Iron or Non-Alloy Steel (US$728M). The main destinations of purchases made to Russia were Nuevo León (US$897M), Ciudad de México (US$344M), and Michoacán de Ocampo (US$165M).
In the period January to December 2024, the Foreign Direct Investment (FDI) from Russia to Mexico is US$86.4M. In the same period, the states that received the highest FDI from Russia were Ciudad de México (US$82.1M), Quintana Roo (US$3.77M), and Estado de México (Confidential).
Regarding remittances, in the fourth quarter of 2024, Mexico received US$0 in remittances from Russia, while Russia received US$0 in remittances from Mexico.
Finally, in terms of immigration to Mexico, 1,280 inmigrants from Russia were registered in 2020, 44.2% women and 55.8% men. The states with the highest concentration of inmigrants from Russia were Quintana Roo (918 people), Estado de México (153 people), and Sonora (71 people).
Commercial Exchange
#permalink to sectionMarket Share
#permalink to sectionThe icons show the percentage share of Russia in Mexico's imports and exports, as well as the net trade balance between the two countries.
Data provided by Bank of Mexico.
Corresponding to US$31.6M in 2024: 0.0051%, Participation of the Russia in the exports of Mexico
Corresponding to US$1.67B in 2024: 0.27%, Participation of the Russia in the imports of Mexico
Corresponds to the difference of exports and imports between both countries: -US$1.64B, Net trade balance between Mexico and the Russia in 2024
Net International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Russia were US$1.98M, while international purchases reached US$75.4M. The above results in a trade balance of -US$73.4M.
Net International Trade with Russia, according BCMM
Monthly Flow
Annual International Trade
#permalink to sectionThe main sale from Mexico to Russia in 2023 was Pepper of the Genus Piper; Fruits of the Capsicum Genus or Pimenta, Dried, Crushed or Ground (US$5.32M). The main origins of sales to Russia were Ciudad de México (US$7.71M), Veracruz de Ignacio de la Llave (US$6.88M), and Jalisco (US$6.68M).
The main product bought by Mexico from Russia in 2023 was Intermediate Products of Iron or Non-Alloy Steel (US$728M). The main destinations of purchases made to Russia were Nuevo León (US$897M), Ciudad de México (US$344M), and Michoacán de Ocampo (US$165M).
International Purchases - 2023
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Destination of International Purchases from Russia - 2023
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Monthly International Trade
#permalink to sectionThe main sale from Mexico to Russia in November 2024 was The other Nuts, Fresh or Dried, Shelled or Peeled (US$411k). The main origins of sales to Russia were Estado de México (US$473k), Coahuila de Zaragoza (US$411k), and Jalisco (US$393k).
The main product bought by Mexico from Russia in November 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$10.4M). The main destinations of purchases made to Russia were Nuevo León (US$13.9M), Guanajuato (US$10.2M), and Ciudad de México (US$7.7M).
International Purchases - November 2024
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Destination of International Purchases from Russia - November 2024
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Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Puebla (US$1.34M), Aguascalientes (US$383k), and Nayarit (US$368k).
Trade Balance by State (2023)
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Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionAnnual Flow of FDI from Russia to Mexico
Foreign Direct Investment by States
#permalink to sectionFrom January to December 2024, the states that received the highest FDI from Russia were Ciudad de México (US$82.1M), Quintana Roo (US$3.77M), and Estado de México (Confidential).
Historically (from January 1999 to December 2024) the states that have received the most FDI from Russia are Veracruz de Ignacio de la Llave (US$92M), Ciudad de México (US$82.8M), and Quintana Roo (US$24.2M).
FDI by State
Period Jan-Dec 2024
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Russia and the remittances that Mexico receives from Russia.
In the fourth quarter of 2024, Mexico received US$0 in remittances from Russia, while Russia received US$0 in remittances from Mexico.
Evolution of the flow of remittances between Mexico and Russia
Remittancesand Foreign Direct Investment
#permalink to sectionThe visualization compares the evolution of Foreign Direct Investment (FDI) and the income from remittances from Russia.
During 2021, a total amount of remittances of US$0 is accumulated, while the FDI from Russia to Mexico accumulated in the year is US$86.4M.
Comparison of Income from Remittances and FDI from Russia
Migration
#permalink to sectionImmigration from Russia
#permalink to sectionThe map shows the destination states of migrants from Russia to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Russia were Quintana Roo (918 people), Estado de México (153 people), and Sonora (71 people).
The main reasons of migration from Russia to Mexico in recent years were economical (439 people) and educational (364 people).
Destination of immigrants from the Russia
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Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Russia to Mexico in recent years.
1,280 inmigrants from Russia were registered, 44.2% women and 55.8% men.
The age ranges that concentrated the largest migrant population from Russia were 20 to 24 years (247 people), 15 to 19 years (233 people), and 50 to 54 years (215 people). These concentrated 54.3% of the total migrant population.