ProceduresGovernment

Hong Kong

Country

Jan-Mar 2024: US$115M, Foreign Direct Investment

2024-Q1: US$52k, Remittances received from Hong Kong

About Hong Kong

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The main sale from Mexico to Hong Kong in 2023 was Electronic Integrated Circuits (US$167M). The main origins of sales to Hong Kong were Chihuahua (US$172M), Ciudad de México (US$142M), and Jalisco (US$110M).

The main product bought by Mexico from Hong Kong in 2023 was Electronic Integrated Circuits (US$47.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$414M), Baja California (US$141M), and Jalisco (US$90.2M).

In the period January to March 2024, the Foreign Direct Investment (FDI) from Hong Kong to Mexico is US$115M. In the same period, the states that received the highest FDI from Hong Kong were Michoacán de Ocampo (US$55M), Baja California (Confidential), and Ciudad de México (US$4.16M).

Regarding remittances, in the first quarter of 2024, Mexico received US$52k in remittances from Hong Kong, while Hong Kong received US$32.4k in remittances from Mexico.

Commercial Exchange

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The icons show the percentage share of Hong Kong 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 March 2024, the international sales from Mexico to Hong Kong were US$75.9M, while international purchases reached US$99.3M. The above results in a trade balance of -US$23.4M.

Annual International Trade

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The main sale from Mexico to Hong Kong in 2023 was Electronic Integrated Circuits (US$167M). The main origins of sales to Hong Kong were Chihuahua (US$172M), Ciudad de México (US$142M), and Jalisco (US$110M).

The main product bought by Mexico from Hong Kong in 2023 was Electronic Integrated Circuits (US$47.5M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$414M), Baja California (US$141M), and Jalisco (US$90.2M).

Monthly International Trade

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The main sale from Mexico to Hong Kong in March 2024 was Telephones, Including Mobile Phones and those of other Wireless Networks (US$22.6M). The main origins of sales to Hong Kong were Jalisco (US$20.9M), Chihuahua (US$15M), and Ciudad de México (US$5.67M).

The main product bought by Mexico from Hong Kong in March 2024 was Frames (Frames) of Spectacles (Eyeglasses) or Similar Items and Parts (US$2.82M). The main destinations of purchases made to Hong Kong were Ciudad de México (US$62.7M), Chihuahua (US$12.8M), and Baja California (US$5.93M).

Net Trade Balance

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In 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Querétaro (US$159M), Chihuahua (US$85.6M), and Sinaloa (US$20.3M).

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$1.52B in FDI from Hong Kong, distributed in reinvestment of earnings (US$823M), inter-company debts (US$468M), and equity capital (US$228M).

Foreign Direct Investment by States

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From January to March 2024, the states that received the highest FDI from Hong Kong were Michoacán de Ocampo (US$55M), Baja California (Confidential), and Ciudad de México (US$4.16M).

Historically (from January 1999 to March 2024) the states that have received the most FDI from Hong Kong are Michoacán de Ocampo (US$564M), Veracruz de Ignacio de la Llave (US$289M), and Baja California (US$240M).

Evolution of the Amount of Remittances

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

In the first quarter of 2024, Mexico received US$52k in remittances from Hong Kong, while Hong Kong received US$32.4k 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 Hong Kong.

During 2021, a total amount of remittances of US$52k is accumulated, while the FDI from Hong Kong to Mexico accumulated in the year is US$115M.