El Salvador
Country
Jan-Jun 2024: US$1M, Foreign Direct Investment
2024-Q2: US$14.4M, Remittances received from El Salvador
About El Salvador
#permalink to sectionThe main sale from Mexico to El Salvador in 2023 was Electrical Wires and Cables (US$44.1M). The main origins of sales to El Salvador were Ciudad de México (US$308M), Estado de México (US$195M), and Nuevo León (US$177M).
The main product bought by Mexico from El Salvador in 2023 was T-Shirts, Knitted or Crocheted (US$56.3M). The main destinations of purchases made to El Salvador were Ciudad de México (US$97.8M), Estado de México (US$40.4M), and Tamaulipas (US$34.1M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from El Salvador to Mexico is US$1M. In the same period, the states that received the highest FDI from El Salvador were Quintana Roo (Confidential), Oaxaca (Confidential), and Yucatán (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$14.4M in remittances from El Salvador, while El Salvador received US$4M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 6,585 inmigrants from El Salvador were registered in 2020, 48.7% women and 51.3% men. The states with the highest concentration of inmigrants from El Salvador were Chiapas (2,520 people), Baja California (1,119 people), and Nuevo León (603 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to El Salvador were US$94.3M, while international purchases reached US$27.1M. The above results in a trade balance of US$67.2M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to El Salvador in 2023 was Electrical Wires and Cables (US$44.1M). The main origins of sales to El Salvador were Ciudad de México (US$308M), Estado de México (US$195M), and Nuevo León (US$177M).
The main product bought by Mexico from El Salvador in 2023 was T-Shirts, Knitted or Crocheted (US$56.3M). The main destinations of purchases made to El Salvador were Ciudad de México (US$97.8M), Estado de México (US$40.4M), and Tamaulipas (US$34.1M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to El Salvador in July 2024 was Ethylene Polymers in Primary Forms (US$5.87M). The main origins of sales to El Salvador were Ciudad de México (US$27.1M), Estado de México (US$15.4M), and Nuevo León (US$13.1M).
The main product bought by Mexico from El Salvador in July 2024 was Electrical Wires and Cables (US$8.68M). The main destinations of purchases made to El Salvador were Ciudad de México (US$10.7M), Nuevo León (US$3.82M), and Estado de México (US$3.79M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Ciudad de México (US$210M), Nuevo León (US$171M), and Estado de México (US$163M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to June 2024, the FDI from El Salvador to Mexico reached US$1M, distributed in equity capital (US$1M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from El Salvador were Quintana Roo (Confidential), Oaxaca (Confidential), and Yucatán (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from El Salvador are Ciudad de México (US$9.31M), Estado de México (US$3.27M), and Quintana Roo (US$1.21M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to El Salvador and the remittances that Mexico receives from El Salvador.
In the second quarter of 2024, Mexico received US$14.4M in remittances from El Salvador, while El Salvador received US$4M 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 El Salvador.
During 2021, a total amount of remittances of US$21.8M is accumulated, while the FDI from El Salvador to Mexico accumulated in the year is US$1M.
Migration
#permalink to sectionImmigration from El Salvador
#permalink to sectionThe map shows the destination states of migrants from El Salvador to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from El Salvador were Chiapas (2,520 people), Baja California (1,119 people), and Nuevo León (603 people).
The main reasons of migration from El Salvador to Mexico in recent years were social and environmental (2,492 people) and labor (1,710 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from El Salvador to Mexico in recent years.
6,585 inmigrants from El Salvador were registered, 48.7% women and 51.3% men.
The age ranges that concentrated the largest migrant population from El Salvador were 25 to 29 years (1,110 people), 20 to 24 years (1,086 people), and 35 to 39 years (771 people). These concentrated 45.1% of the total migrant population.