Philippines
Country
2025-Q1: US$70.1k, Remittances received from Philippines
About Philippines
#permalink to sectionThe main sale from Mexico to Philippines in 2024 was Copper Ores and Concentrates (US$129M). The main origins of sales to Philippines were Sonora (US$131M), Ciudad de México (US$43.2M), and Jalisco (US$11.2M).
The main product bought by Mexico from Philippines in 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$722M). The main destinations of purchases made to Philippines were Chihuahua (US$1.39B), Jalisco (US$612M), and Nuevo León (US$390M).
In the period N/A, the Foreign Direct Investment (FDI) from Philippines to Mexico is N/A. In the same period, the states that received the highest FDI from Philippines were Colima (Confidential), Chihuahua (US$494k), and Quintana Roo (Confidential).
Regarding remittances, in the first quarter of 2025, Mexico received US$70.1k in remittances from Philippines, while Philippines received US$562k in remittances from Mexico.
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn April 2025, the international sales from Mexico to Philippines were US$7.11M, while international purchases reached US$362M. The above results in a trade balance of -US$355M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Philippines in 2024 was Copper Ores and Concentrates (US$129M). The main origins of sales to Philippines were Sonora (US$131M), Ciudad de México (US$43.2M), and Jalisco (US$11.2M).
The main product bought by Mexico from Philippines in 2024 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$722M). The main destinations of purchases made to Philippines were Chihuahua (US$1.39B), Jalisco (US$612M), and Nuevo León (US$390M).
Monthly International Trade
#permalink to sectionThe main product bought by Mexico from Philippines in April 2025 was Data Processing Machines and Data Processing Units, not elsewhere Specified or Included Elsewhere (US$77.5M). The main destinations of purchases made to Philippines were Chihuahua (US$170M), Jalisco (US$51.7M), and Nuevo León (US$46.3M).
Net Trade Balance
#permalink to sectionIn 2024, the states with the highest commercial exchange (international sales minus international purchases) with were Sonora (US$92M), Veracruz de Ignacio de la Llave (US$852k), and Hidalgo (US$692k).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionForeign Direct Investment by States
#permalink to sectionFrom N/A, the states that received the highest FDI from Philippines were Colima (Confidential), Chihuahua (US$494k), and Quintana Roo (Confidential).
Historically (from January 1999 to N/A N/A) the states that have received the most FDI from Philippines are Colima (US$180M), Ciudad de México (US$71.7M), and Chihuahua (US$2.8M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Philippines and the remittances that Mexico receives from Philippines.
In the first quarter of 2025, Mexico received US$70.1k in remittances from Philippines, while Philippines received US$562k 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 Philippines.
During 2021, a total amount of remittances of US$70.1k is accumulated, while the FDI from Philippines to Mexico accumulated in the year is N/A.