Switzerland
Country
Jan-Mar 2024: US$764M, Foreign Direct Investment
2024-Q1: US$1.25M, Remittances received from Switzerland
About Switzerland
#permalink to sectionThe main sale from Mexico to Switzerland in 2023 was Gold Unwrought or in Semi-Manufactured Forms, or in Powder Form (US$905M). The main origins of sales to Switzerland were Sonora (US$608M), Ciudad de México (US$522M), and Baja California (US$89.4M).
The main product bought by Mexico from Switzerland in 2023 was Other Blood Fractions and Immunological Products, whether or not Modified or Obtained by Biotechnological Processes (US$271M). The main destinations of purchases made to Switzerland were Ciudad de México (US$1.09B), Estado de México (US$199M), and Nuevo León (US$150M).
In the period January to March 2024, the Foreign Direct Investment (FDI) from Switzerland to Mexico is US$764M. In the same period, the states that received the highest FDI from Switzerland were Ciudad de México (US$736M), Querétaro (Confidential), and Estado de México (Confidential).
Regarding remittances, in the first quarter of 2024, Mexico received US$1.25M in remittances from Switzerland, while Switzerland received US$134k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 892 inmigrants from Switzerland were registered in 2020, 64.2% women and 35.8% men. The states with the highest concentration of inmigrants from Switzerland were Ciudad de México (352 people), Jalisco (118 people), and Morelos (107 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn April 2024, the international sales from Mexico to Switzerland were US$165M, while international purchases reached US$254M. The above results in a trade balance of -US$89M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Switzerland in 2023 was Gold Unwrought or in Semi-Manufactured Forms, or in Powder Form (US$905M). The main origins of sales to Switzerland were Sonora (US$608M), Ciudad de México (US$522M), and Baja California (US$89.4M).
The main product bought by Mexico from Switzerland in 2023 was Other Blood Fractions and Immunological Products, whether or not Modified or Obtained by Biotechnological Processes (US$271M). The main destinations of purchases made to Switzerland were Ciudad de México (US$1.09B), Estado de México (US$199M), and Nuevo León (US$150M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Switzerland in April 2024 was Gold Unwrought or in Semi-Manufactured Forms, or in Powder Form (US$86.3M). The main origins of sales to Switzerland were Sonora (US$56.7M), Ciudad de México (US$37.9M), and Baja California (US$7.41M).
The main product bought by Mexico from Switzerland in April 2024 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$56.5M). The main destinations of purchases made to Switzerland were Ciudad de México (US$133M), Estado de México (US$21.7M), and Chihuahua (US$15.1M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Sonora (US$519M), Coahuila de Zaragoza (US$299M), and Durango (US$72.6M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to March 2024, Mexico has received a total of US$12.1B in FDI from Switzerland, distributed in equity capital (US$5.03B), reinvestment of earnings (US$4.78B), and inter-company debts (US$2.32B).
Foreign Direct Investment by States
#permalink to sectionFrom January to March 2024, the states that received the highest FDI from Switzerland were Ciudad de México (US$736M), Querétaro (Confidential), and Estado de México (Confidential).
Historically (from January 1999 to March 2024) the states that have received the most FDI from Switzerland are Ciudad de México (US$3.94B), Estado de México (US$1.83B), and Jalisco (US$953M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Switzerland and the remittances that Mexico receives from Switzerland.
In the first quarter of 2024, Mexico received US$1.25M in remittances from Switzerland, while Switzerland received US$134k 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 Switzerland.
During 2021, a total amount of remittances of US$1.25M is accumulated, while the FDI from Switzerland to Mexico accumulated in the year is US$764M.
Migration
#permalink to sectionImmigration from Switzerland
#permalink to sectionThe map shows the destination states of migrants from Switzerland to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Switzerland were Ciudad de México (352 people), Jalisco (118 people), and Morelos (107 people).
The main reasons of migration from Switzerland to Mexico in recent years were educational (383 people) and family (151 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Switzerland to Mexico in recent years.
892 inmigrants from Switzerland were registered, 64.2% women and 35.8% men.
The age ranges that concentrated the largest migrant population from Switzerland were 30 to 34 years (298 people), 35 to 39 years (155 people), and 25 to 29 years (141 people). These concentrated 66.6% of the total migrant population.