Ecuador
Country
Jan-Jun 2024: US$5.48M, Foreign Direct Investment
2024-Q2: US$38.7M, Remittances received from Ecuador
About Ecuador
#permalink to sectionThe main sale from Mexico to Ecuador in 2023 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$68.2M). The main origins of sales to Ecuador were Ciudad de México (US$202M), Estado de México (US$123M), and Nuevo León (US$63.3M).
The main product bought by Mexico from Ecuador in 2023 was Cocoa Beans, whole or Broken, Raw or Roasted (US$60.8M). The main destinations of purchases made to Ecuador were Ciudad de México (US$121M), Jalisco (US$32.8M), and Chihuahua (US$14.7M).
In the period January to June 2024, the Foreign Direct Investment (FDI) from Ecuador to Mexico is US$5.48M. In the same period, the states that received the highest FDI from Ecuador were Ciudad de México (Confidential) and Yucatán (Confidential).
Regarding remittances, in the second quarter of 2024, Mexico received US$38.7M in remittances from Ecuador, while Ecuador received US$5.1M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 2,477 inmigrants from Ecuador were registered in 2020, 39.2% women and 60.8% men. The states with the highest concentration of inmigrants from Ecuador were Ciudad de México (1,143 people), Nuevo León (338 people), and Estado de México (312 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn July 2024, the international sales from Mexico to Ecuador were US$49.7M, while international purchases reached US$22M. The above results in a trade balance of US$27.7M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Ecuador in 2023 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$68.2M). The main origins of sales to Ecuador were Ciudad de México (US$202M), Estado de México (US$123M), and Nuevo León (US$63.3M).
The main product bought by Mexico from Ecuador in 2023 was Cocoa Beans, whole or Broken, Raw or Roasted (US$60.8M). The main destinations of purchases made to Ecuador were Ciudad de México (US$121M), Jalisco (US$32.8M), and Chihuahua (US$14.7M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Ecuador in July 2024 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$6.82M). The main origins of sales to Ecuador were Ciudad de México (US$18.3M), Estado de México (US$9.19M), and Jalisco (US$6.26M).
The main product bought by Mexico from Ecuador in July 2024 was Minerals of Precious Metals and their Concentrates (US$3.5M). The main destinations of purchases made to Ecuador were Ciudad de México (US$4.43M), Jalisco (US$2.6M), and Nuevo León (US$1.41M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Estado de México (US$117M), Ciudad de México (US$83.6M), and Nuevo León (US$54M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to June 2024, Mexico has received a total of US$133M in FDI from Ecuador, distributed in equity capital (US$106M), inter-company debts (US$15.9M), and reinvestment of earnings (US$11.1M).
Foreign Direct Investment by States
#permalink to sectionFrom January to June 2024, the states that received the highest FDI from Ecuador were Ciudad de México (Confidential) and Yucatán (Confidential).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Ecuador are Estado de México (US$71.7M), Yucatán (US$40.4M), and Ciudad de México (US$5.79M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Ecuador and the remittances that Mexico receives from Ecuador.
In the second quarter of 2024, Mexico received US$38.7M in remittances from Ecuador, while Ecuador received US$5.1M 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 Ecuador.
During 2021, a total amount of remittances of US$83.4M is accumulated, while the FDI from Ecuador to Mexico accumulated in the year is US$5.48M.
Migration
#permalink to sectionImmigration from Ecuador
#permalink to sectionThe map shows the destination states of migrants from Ecuador to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Ecuador were Ciudad de México (1,143 people), Nuevo León (338 people), and Estado de México (312 people).
The main reasons of migration from Ecuador to Mexico in recent years were educational (928 people) and family (664 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Ecuador to Mexico in recent years.
2,477 inmigrants from Ecuador were registered, 39.2% women and 60.8% men.
The age ranges that concentrated the largest migrant population from Ecuador were 25 to 29 years (893 people), 30 to 34 years (620 people), and 20 to 24 years (145 people). These concentrated 66.9% of the total migrant population.