Panama
Country
Jan-Dec 2022: US$43.5M, Foreign Direct Investment
2022-Q4: US$7.43M, Remittances received from Panama
About Panama
#permalink to sectionThe main sale from Mexico to Panama in 2022 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$107M). The main origins of sales to Panama were Ciudad de México (US$289M), Nuevo León (US$192M), and Jalisco (US$189M).
The main product bought by Mexico from Panama in 2022 was Oils of Petroleum or Bituminous Minerals (US$38.5M). The main destinations of purchases made to Panama were Ciudad de México (US$64M), Jalisco (US$18.8M), and Guanajuato (US$2.55M).
In the period January to December 2022, the Foreign Direct Investment (FDI) from Panama to Mexico is US$43.5M. In the same period, the states that received the highest FDI from Panama were San Luis Potosí (Confidential), Ciudad de México (US$9.01M), and Baja California Sur (Confidential).
Regarding remittances, in the fourth quarter of 2022, Mexico received US$7.43M in remittances from Panama, while Panama received US$1.15M in remittances from Mexico.
Finally, in terms of immigration to Mexico, 1,795 inmigrants from Panama were registered in 2020, 44.8% women and 55.2% men. The states with the highest concentration of inmigrants from Panama were Yucatán (722 people), Nuevo León (260 people), and Estado de México (211 people).
Commercial Exchange
#permalink to sectionNet International Exchange
#permalink to sectionIn December 2022, the international sales from Mexico to Panama were US$89.2M, while international purchases reached US$3.97M. The above results in a trade balance of US$85.2M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Panama in 2022 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$107M). The main origins of sales to Panama were Ciudad de México (US$289M), Nuevo León (US$192M), and Jalisco (US$189M).
The main product bought by Mexico from Panama in 2022 was Oils of Petroleum or Bituminous Minerals (US$38.5M). The main destinations of purchases made to Panama were Ciudad de México (US$64M), Jalisco (US$18.8M), and Guanajuato (US$2.55M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Panama in December 2022 was Medicaments Consisting of Mixed or Unmixed Products, Preparations for Therapeutic or Prophylactic Uses (US$9.64M). The main origins of sales to Panama were Ciudad de México (US$24.7M), Estado de México (US$14.1M), and Jalisco (US$8.88M).
The main product bought by Mexico from Panama in December 2022 was Palm Oil and its Fractions, whether or not Refined, but not Chemically Modified (US$1.15M). The main destinations of purchases made to Panama were Ciudad de México (US$2.6M), Nuevo León (US$286k), and Guanajuato (US$157k).
Net Trade Balance
#permalink to sectionIn 2022, the states with the highest commercial exchange (international sales minus international purchases) with were Ciudad de México (US$207M), Nuevo León (US$191M), and Jalisco (US$170M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionIn the period January to December 2022, the FDI from Panama to Mexico reached US$40.2M, distributed in inter-company debts (US$41M) and inter-company debts (-US$894k).
From January 1999 to December 2022, Mexico has received a total of US$513M in FDI from Panama, distributed in inter-company debts (US$440M), inter-company debts (US$60.1M), and reinvestment of earnings (US$13.5M).
Foreign Direct Investment by States
#permalink to sectionFrom January to December 2022, the states that received the highest FDI from Panama were San Luis Potosí (Confidential), Ciudad de México (US$9.01M), and Baja California Sur (Confidential).
Historically (from January 1999 to December 2022) the states that have received the most FDI from Panama are Ciudad de México (US$184M), Veracruz de Ignacio de la Llave (US$155M), and Nuevo León (US$36.4M).
Remittances
#permalink to sectionEvolution of the Amount of Remittances
#permalink to sectionThe chart compares the evolution of remittances sent from Mexico to Panama and the remittances that Mexico receives from Panama.
In the fourth quarter of 2022, Mexico received US$7.43M in remittances from Panama, while Panama received US$1.15M 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 Panama.
During 2021, a total amount of remittances of US$38.5M is accumulated, while the FDI from Panama to Mexico accumulated in the year is US$43.5M.
Migration
#permalink to sectionImmigration from Panama
#permalink to sectionThe map shows the destination states of migrants from Panama to Mexico in recent years. The bar chart shows the main causes of migration.
The states with the highest concentration of migrants from Panama were Yucatán (722 people), Nuevo León (260 people), and Estado de México (211 people).
The main reasons of migration from Panama to Mexico in recent years were family (943 people) and economical (529 people).
Diversity of immigrants
#permalink to sectionThe graph shows the population pyramid of the migrant population from Panama to Mexico in recent years.
1,795 inmigrants from Panama were registered, 44.8% women and 55.2% men.
The age ranges that concentrated the largest migrant population from Panama were 5 to 9 years (405 people), 35 to 39 years (363 people), and 40 to 44 years (255 people). These concentrated 57% of the total migrant population.