ProceduresGovernment

Belgium

Country

Jan-Mar 2024: US$761M, Foreign Direct Investment

2024-Q1: US$705k, Remittances received from Belgium

The main sale from Mexico to Belgium in 2023 was Saturated Acyclic Monocarboxylic Acids and their Anhydrides, Halides, Peroxides and Peroxyacids; their Halogenated, Sulfonated, Nitrated or Nitrosated (US$158M). The main origins of sales to Belgium were Ciudad de México (US$423M), Sonora (US$94.8M), and Tamaulipas (US$94.5M).

The main product bought by Mexico from Belgium in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$161M). The main destinations of purchases made to Belgium were Ciudad de México (US$639M), Querétaro (US$235M), and Estado de México (US$137M).

In the period January to March 2024, the Foreign Direct Investment (FDI) from Belgium to Mexico is US$761M. In the same period, the states that received the highest FDI from Belgium were Guanajuato (Confidential) and Quintana Roo (Confidential).

Regarding remittances, in the first quarter of 2024, Mexico received US$705k in remittances from Belgium, while Belgium received US$72.8k in remittances from Mexico.

Finally, in terms of immigration to Mexico, 309 inmigrants from Belgium were registered in 2020, 53.4% women and 46.6% men. The states with the highest concentration of inmigrants from Belgium were Veracruz de Ignacio de la Llave (108 people), Aguascalientes (65 people), and Ciudad de México (58 people).

Commercial Exchange

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The icons show the percentage share of Belgium in Mexico's imports and exports, as well as the net trade balance between the two countries.

Data provided by Bank of Mexico.

Net International Exchange

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In April 2024, the international sales from Mexico to Belgium were US$111M, while international purchases reached US$157M. The above results in a trade balance of -US$45.9M.

Annual International Trade

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The main sale from Mexico to Belgium in 2023 was Saturated Acyclic Monocarboxylic Acids and their Anhydrides, Halides, Peroxides and Peroxyacids; their Halogenated, Sulfonated, Nitrated or Nitrosated (US$158M). The main origins of sales to Belgium were Ciudad de México (US$423M), Sonora (US$94.8M), and Tamaulipas (US$94.5M).

The main product bought by Mexico from Belgium in 2023 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$161M). The main destinations of purchases made to Belgium were Ciudad de México (US$639M), Querétaro (US$235M), and Estado de México (US$137M).

Monthly International Trade

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The main sale from Mexico to Belgium in April 2024 was Other Coloring Matter; Preparations; Inorganic Products of a Kind Used as Luminophores, whether or not Chemically Defined (US$11.1M). The main origins of sales to Belgium were Ciudad de México (US$26.8M), Estado de México (US$8.76M), and Sonora (US$8.48M).

The main product bought by Mexico from Belgium in April 2024 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$14.1M). The main destinations of purchases made to Belgium were Ciudad de México (US$58.7M), Estado de México (US$14.1M), and Jalisco (US$10.7M).

Net Trade Balance

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In 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Chihuahua (US$160M), Sonora (US$81.3M), and San Luis Potosí (US$73.1M).

Foreign Direct Investment

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Foreign Direct Investment Flow

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From January 1999 to March 2024, Mexico has received a total of US$26B in FDI from Belgium, distributed in equity capital (US$15.4B), reinvestment of earnings (US$10.3B), and inter-company debts (US$346M).

Foreign Direct Investment by States

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From January to March 2024, the states that received the highest FDI from Belgium were Guanajuato (Confidential) and Quintana Roo (Confidential).

Historically (from January 1999 to March 2024) the states that have received the most FDI from Belgium are Ciudad de México (US$4.85B), Estado de México (US$3.37B), and Zacatecas (US$2.19B).

Evolution of the Amount of Remittances

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The chart compares the evolution of remittances sent from Mexico to Belgium and the remittances that Mexico receives from Belgium.

In the first quarter of 2024, Mexico received US$705k in remittances from Belgium, while Belgium received US$72.8k in remittances from Mexico.

Remittancesand Foreign Direct Investment

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The visualization compares the evolution of Foreign Direct Investment (FDI) and the income from remittances from Belgium.

During 2021, a total amount of remittances of US$705k is accumulated, while the FDI from Belgium to Mexico accumulated in the year is US$761M.

Immigration from Belgium

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The map shows the destination states of migrants from Belgium to Mexico in recent years. The bar chart shows the main causes of migration.

The states with the highest concentration of migrants from Belgium were Veracruz de Ignacio de la Llave (108 people), Aguascalientes (65 people), and Ciudad de México (58 people).

The main reasons of migration from Belgium to Mexico in recent years were educational (132 people) and family (109 people).

Diversity of immigrants

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The graph shows the population pyramid of the migrant population from Belgium to Mexico in recent years.

309 inmigrants from Belgium were registered, 53.4% women and 46.6% men.

The age ranges that concentrated the largest migrant population from Belgium were 25 to 29 years (91 people), 40 to 44 years (72 people), and 35 to 39 years (44 people). These concentrated 67% of the total migrant population.