Singapore
Country
Jan-Sep 2024: US$31M, Foreign Direct Investment
2024-Q3: US$16.3k, Remittances received from Singapore
About Singapore
#permalink to sectionThe main sale from Mexico to Singapore in 2023 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$178M). The main origins of sales to Singapore were Ciudad de México (US$261M), Chihuahua (US$211M), and Jalisco (US$177M).
The main product bought by Mexico from Singapore in 2023 was Oils of Petroleum or Bituminous Minerals (US$824M). The main destinations of purchases made to Singapore were Ciudad de México (US$1.1B), Baja California (US$717M), and Chihuahua (US$319M).
In the period January to September 2024, the Foreign Direct Investment (FDI) from Singapore to Mexico is US$31M. In the same period, the states that received the highest FDI from Singapore were Ciudad de México (US$18.7M), Jalisco (US$12.9M), and Querétaro (Confidential).
Regarding remittances, in the third quarter of 2024, Mexico received US$16.3k in remittances from Singapore, while Singapore received US$9.97k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 80 inmigrants from Singapore were registered in 2020, 11.3% women and 88.8% men. The states with the highest concentration of inmigrants from Singapore were Ciudad de México (65 people), Yucatán (9 people), and Puebla (6 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Singapore were US$113M, while international purchases reached US$174M. The above results in a trade balance of -US$60.8M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Singapore in 2023 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$178M). The main origins of sales to Singapore were Ciudad de México (US$261M), Chihuahua (US$211M), and Jalisco (US$177M).
The main product bought by Mexico from Singapore in 2023 was Oils of Petroleum or Bituminous Minerals (US$824M). The main destinations of purchases made to Singapore were Ciudad de México (US$1.1B), Baja California (US$717M), and Chihuahua (US$319M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Singapore in November 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$58M). The main origins of sales to Singapore were Nuevo León (US$49.9M), Jalisco (US$21.1M), and Ciudad de México (US$18M).
The main product bought by Mexico from Singapore in November 2024 was Diodes, Transistors and Similar Semiconductor (US$20.9M). The main destinations of purchases made to Singapore were Ciudad de México (US$39.9M), Baja California (US$36M), and Chihuahua (US$34.5M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Coahuila de Zaragoza (US$165M), Sonora (US$45.8M), and Jalisco (US$45.8M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to September 2024, the FDI from Singapore to Mexico reached US$31M, distributed in inter-company debts (US$15.4M), reinvestment of earnings (US$13.6M), and equity capital (US$1.96M).
From January 1999 to September 2024, Mexico has received a total of US$1.05B in FDI from Singapore, distributed in inter-company debts (US$621M), equity capital (US$380M), and reinvestment of earnings (US$47.8M).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2024, the states that received the highest FDI from Singapore were Ciudad de México (US$18.7M), Jalisco (US$12.9M), and Querétaro (Confidential).
Historically (from January 1999 to September 2024) the states that have received the most FDI from Singapore are Ciudad de México (US$229M), Querétaro (US$209M), and Jalisco (US$188M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Singapore and the remittances that Mexico receives from Singapore.
In the third quarter of 2024, Mexico received US$16.3k in remittances from Singapore, while Singapore received US$9.97k 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 Singapore.
During 2021, a total amount of remittances of US$86.1k is accumulated, while the FDI from Singapore to Mexico accumulated in the year is US$31M.
Migration
#permalink to sectionImmigration from Singapore
#permalink to sectionThe map shows the destination states of migrants from Singapore to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Singapore were Ciudad de México (65 people), Yucatán (9 people), and Puebla (6 people).
The main reasons of migration from Singapore to Mexico in recent years were personal (65 people) and living place (9 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Singapore to Mexico in recent years.
80 inmigrants from Singapore were registered, 11.3% women and 88.8% men.
The age ranges that concentrated the largest migrant population from Singapore were 25 to 29 years (65 people) and 35 to 39 years (15 people). These concentrated 100% of the total migrant population.