Hong Kong
Country
Jan-Sep 2022: US$455M, Foreign Direct Investment
2022-Q4: US$9.65k, Remittances received from Hong Kong
About Hong Kong
#permalink to sectionThe main sale from Mexico to Hong Kong in 2022 was Electronic Integrated Circuits (US$244M). The main origins of sales to Hong Kong were Chihuahua (US$243M), Ciudad de México (US$136M), and Jalisco (US$104M).
The main product bought by Mexico from Hong Kong in 2022 was Electronic Integrated Circuits (US$65.7M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$309M), Chihuahua (US$127M), and Baja California (US$87.3M).
In the period January to September 2022, the Foreign Direct Investment (FDI) from Hong Kong to Mexico is US$455M. In the same period, the states that received the highest FDI from Hong Kong were Yucatán (Confidential), Veracruz de Ignacio de la Llave (Confidential), and Baja California (Confidential).
Regarding remittances, in the fourth quarter of 2022, Mexico received US$9.65k in remittances from Hong Kong, while Hong Kong received US$153k in remittances from Mexico.
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn December 2022, the international sales from Mexico to Hong Kong were US$55.6M, while international purchases reached US$81.1M. The above results in a trade balance of -US$25.5M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Hong Kong in 2022 was Electronic Integrated Circuits (US$244M). The main origins of sales to Hong Kong were Chihuahua (US$243M), Ciudad de México (US$136M), and Jalisco (US$104M).
The main product bought by Mexico from Hong Kong in 2022 was Electronic Integrated Circuits (US$65.7M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$309M), Chihuahua (US$127M), and Baja California (US$87.3M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Hong Kong in December 2022 was Electronic Integrated Circuits (US$18.8M). The main origins of sales to Hong Kong were Chihuahua (US$18.2M), Baja California (US$11.8M), and Ciudad de México (US$9.14M).
The main product bought by Mexico from Hong Kong in December 2022 was Motor Vehicles for the Transport of ten or more Persons, Including the Driver (US$29.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$53.5M), Chihuahua (US$6.42M), and Jalisco (US$5.23M).
Net Trade Balance
#permalink to sectionIn 2022, the states with the highest commercial exchange (international sales minus international purchases) with were Chihuahua (US$116M), Sonora (US$65.9M), and Jalisco (US$24.2M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to September 2022, the FDI from Hong Kong to Mexico reached US$455M, distributed in inter-company debts (US$227M), inter-company debts (US$124M), and reinvestment of earnings (US$104M).
From January 1999 to September 2022, Mexico has received a total of US$1.56B in FDI from Hong Kong, distributed in inter-company debts (US$657M), reinvestment of earnings (US$465M), and inter-company debts (US$442M).
Foreign Direct Investment by States
#permalink to sectionFrom January to September 2022, the states that received the highest FDI from Hong Kong were Yucatán (Confidential), Veracruz de Ignacio de la Llave (Confidential), and Baja California (Confidential).
Historically (from January 1999 to September 2022) the states that have received the most FDI from Hong Kong are Michoacán de Ocampo (US$439M), Veracruz de Ignacio de la Llave (US$355M), and Yucatán (US$328M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Hong Kong and the remittances that Mexico receives from Hong Kong.
In the fourth quarter of 2022, Mexico received US$9.65k in remittances from Hong Kong, while Hong Kong received US$153k 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 Hong Kong.
During 2021, a total amount of remittances of US$28.9k is accumulated, while the FDI from Hong Kong to Mexico accumulated in the year is US$455M.