Uruguay
Country
Jan-Dec 2024: US$45.2M, Foreign Direct Investment
2024-Q4: US$636k, Remittances received from Uruguay
About Uruguay
#permalink to sectionThe main sale from Mexico to Uruguay in 2023 was Motor Vehicles for the Transport of Goods (US$39.8M). The main origins of sales to Uruguay were Ciudad de México (US$107M), Nuevo León (US$39.3M), and Estado de México (US$24.6M).
The main product bought by Mexico from Uruguay in 2023 was Mixtures of Odoriferous Substances and Mixtures for the Manufacture of Beverages (US$106M). The main destinations of purchases made to Uruguay were Ciudad de México (US$212M), Jalisco (US$54.7M), and Chihuahua (US$19.1M).
In the period January to December 2024, the Foreign Direct Investment (FDI) from Uruguay to Mexico is US$45.2M. In the same period, the states that received the highest FDI from Uruguay were Ciudad de México (US$30M), Querétaro (Confidential), and Estado de México (Confidential).
Regarding remittances, in the fourth quarter of 2024, Mexico received US$636k in remittances from Uruguay, while Uruguay received US$528k in remittances from Mexico.
Finally, in terms of immigration to Mexico, 627 inmigrants from Uruguay were registered in 2020, 33.8% women and 66.2% men. The states with the highest concentration of inmigrants from Uruguay were Estado de México (152 people), Querétaro (133 people), and Guanajuato (75 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn November 2024, the international sales from Mexico to Uruguay were US$18.5M, while international purchases reached US$47M. The above results in a trade balance of -US$28.4M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Uruguay in 2023 was Motor Vehicles for the Transport of Goods (US$39.8M). The main origins of sales to Uruguay were Ciudad de México (US$107M), Nuevo León (US$39.3M), and Estado de México (US$24.6M).
The main product bought by Mexico from Uruguay in 2023 was Mixtures of Odoriferous Substances and Mixtures for the Manufacture of Beverages (US$106M). The main destinations of purchases made to Uruguay were Ciudad de México (US$212M), Jalisco (US$54.7M), and Chihuahua (US$19.1M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Uruguay in November 2024 was Motor Vehicles for the Transport of Goods (US$2.78M). The main origins of sales to Uruguay were Ciudad de México (US$7.6M), Estado de México (US$2.64M), and Nuevo León (US$2.19M).
The main product bought by Mexico from Uruguay in November 2024 was Mixtures of Odoriferous Substances and Mixtures for the Manufacture of Beverages (US$10.8M). The main destinations of purchases made to Uruguay were Ciudad de México (US$27.8M), Estado de México (US$8.47M), and Jalisco (US$1.68M).
Net Trade Balance
#permalink to sectionIn 2023, the states with the highest commercial exchange (international sales minus international purchases) with were Nuevo León (US$29.9M), Veracruz de Ignacio de la Llave (US$10.1M), and Puebla (US$8.57M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to December 2024, Mexico has received a total of US$605M in FDI from Uruguay, distributed in reinvestment of earnings (US$341M), equity capital (US$205M), and inter-company debts (US$58.8M).
Foreign Direct Investment by States
#permalink to sectionFrom January to December 2024, the states that received the highest FDI from Uruguay were Ciudad de México (US$30M), Querétaro (Confidential), and Estado de México (Confidential).
Historically (from January 1999 to December 2024) the states that have received the most FDI from Uruguay are Ciudad de México (US$429M), Querétaro (US$108M), and Jalisco (US$16.2M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Uruguay and the remittances that Mexico receives from Uruguay.
In the fourth quarter of 2024, Mexico received US$636k in remittances from Uruguay, while Uruguay received US$528k 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 Uruguay.
During 2021, a total amount of remittances of US$2.73M is accumulated, while the FDI from Uruguay to Mexico accumulated in the year is US$45.2M.
Migration
#permalink to sectionImmigration from Uruguay
#permalink to sectionThe map shows the destination states of migrants from Uruguay to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Uruguay were Estado de México (152 people), Querétaro (133 people), and Guanajuato (75 people).
The main reasons of migration from Uruguay to Mexico in recent years were economical (225 people) and personal (140 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Uruguay to Mexico in recent years.
627 inmigrants from Uruguay were registered, 33.8% women and 66.2% men.
The age ranges that concentrated the largest migrant population from Uruguay were 25 to 29 years (256 people), 40 to 44 years (70 people), and 45 to 49 years (68 people). These concentrated 62.8% of the total migrant population.