South Korea

Country

Jan-Mar 2022: US$72.9M, Foreign Direct Investment

2022-Q1: US$49.9k, Remittances received from South Korea

About South Korea

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The main sale from Mexico to South Korea in 2021 was Lead Minerals and their Concentrates (US$860M). The main origins of sales to South Korea were Ciudad de México (US$745M), Zacatecas (US$671M), and Puebla (US$178M).

The main product bought by Mexico from South Korea in 2021 was Parts and Accessories of Machines (US$2.68B). The main destinations of purchases made to South Korea were Chihuahua (US$4.43B), Nuevo León (US$3.56B), and Baja California (US$2.52B).

In the period January to March 2022, the Foreign Direct Investment (FDI) from South Korea to Mexico is US$72.9M. In the same period, the states that received the highest FDI from South Korea were Estado de México (US$39.8M), Querétaro (Confidential), and Baja California (US$17M).

Regarding remittances, in the first quarter of 2022, Mexico received US$49.9k in remittances from South Korea, while South Korea received US$2.35M in remittances from Mexico.

Finally, in terms of immigration to Mexico, 1,248 inmigrants from South Korea were registered in 2020, 30.9% women and 69.1% men. The states with the highest concentration of inmigrants from South Korea were Nuevo León (363 people), Coahuila de Zaragoza (332 people), and Ciudad de México (239 people).

Commercial Exchange

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The icons show the percentage share of South Korea 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 May 2022, the international sales from Mexico to South Korea were US$271M, while international purchases reached US$2.21B. The above results in a trade balance of -US$1.94B.

Annual International Trade

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The main sale from Mexico to South Korea in 2021 was Lead Minerals and their Concentrates (US$860M). The main origins of sales to South Korea were Ciudad de México (US$745M), Zacatecas (US$671M), and Puebla (US$178M).

The main product bought by Mexico from South Korea in 2021 was Parts and Accessories of Machines (US$2.68B). The main destinations of purchases made to South Korea were Chihuahua (US$4.43B), Nuevo León (US$3.56B), and Baja California (US$2.52B).

Monthly International Trade

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The main sale from Mexico to South Korea in May 2022 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$38.1M). The main origins of sales to South Korea were Ciudad de México (US$98.4M), Baja California (US$14.3M), and Puebla (US$12M).

The main product bought by Mexico from South Korea in May 2022 was Parts and Accessories of Machines (US$308M). The main destinations of purchases made to South Korea were Chihuahua (US$445M), Ciudad de México (US$399M), and Nuevo León (US$337M).

Net Trade Balance

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In 2021, the states with the highest commercial exchange (international sales minus international purchases) with were Zacatecas (US$834M), Aguascalientes (US$101M), and Sonora (US$38.9M).

Foreign Direct Investment

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Foreign Direct Investment Flow

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In the period January to March 2022, the FDI from South Korea to Mexico reached US$72.9M, distributed in reinvestment of earnings (US$123M) and inter-company debts (-US$50.1M).

From January 1999 to March 2022, Mexico has received a total of US$8.13B in FDI from South Korea, distributed in equity capital (US$3.47B), inter-company debts (US$3.19B), and reinvestment of earnings (US$1.48B).

Foreign Direct Investment by States

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From January to March 2022, the states that received the highest FDI from South Korea were Estado de México (US$39.8M), Querétaro (Confidential), and Baja California (US$17M).

Historically (from January 1999 to March 2022) the states that have received the most FDI from South Korea are Nuevo León (US$2.45B), Baja California (US$2.02B), and Ciudad de México (US$1.2B).

Evolution of the Amount of Remittances

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The chart compares the evolution of remittances sent from Mexico to South Korea and the remittances that Mexico receives from South Korea.

In the first quarter of 2022, Mexico received US$49.9k in remittances from South Korea, while South Korea received US$2.35M 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 South Korea.

During 2021, a total amount of remittances of US$49.9k is accumulated, while the FDI from South Korea to Mexico accumulated in the year is US$72.9M.

Immigration from South Korea

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The map shows the destination states of migrants from South Korea to Mexico in recent years. The bar chart shows the main causes of migration.

The states with the highest concentration of migrants from South Korea were Nuevo León (363 people), Coahuila de Zaragoza (332 people), and Ciudad de México (239 people).

The main reasons of migration from South Korea to Mexico in recent years were family (422 people) and economical (372 people).

Diversity of immigrants

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The graph shows the population pyramid of the migrant population from South Korea to Mexico in recent years.

1,248 inmigrants from South Korea were registered, 30.9% women and 69.1% men.

The age ranges that concentrated the largest migrant population from South Korea were 40 to 44 years (233 people), 25 to 29 years (176 people), and 5 to 9 years (157 people). These concentrated 45.4% of the total migrant population.