Uruguay
Country
Jan-Dec 2022: US$28.9M, Foreign Direct Investment
2022-Q4: US$1.92M, Remittances received from Uruguay
About Uruguay
#permalink to sectionThe main sale from Mexico to Uruguay in 2022 was Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm (US$33.6M). The main origins of sales to Uruguay were Nuevo León (US$78.8M), Ciudad de México (US$71.5M), and Estado de México (US$28M).
The main product bought by Mexico from Uruguay in 2022 was Mixtures of Odoriferous Substances and Mixtures for the Manufacture of Beverages (US$112M). The main destinations of purchases made to Uruguay were Ciudad de México (US$210M), Jalisco (US$59.8M), and Puebla (US$43.1M).
In the period January to December 2022, the Foreign Direct Investment (FDI) from Uruguay to Mexico is US$28.9M. In the same period, the states that received the highest FDI from Uruguay were Ciudad de México (US$19.1M), Querétaro (Confidential), and Jalisco (Confidential).
Regarding remittances, in the fourth quarter of 2022, Mexico received US$1.92M in remittances from Uruguay, while Uruguay received US$450k 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 December 2022, the international sales from Mexico to Uruguay were US$24.5M, while international purchases reached US$39.5M. The above results in a trade balance of -US$15M.
Annual International Trade
#permalink to sectionThe main sale from Mexico to Uruguay in 2022 was Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm (US$33.6M). The main origins of sales to Uruguay were Nuevo León (US$78.8M), Ciudad de México (US$71.5M), and Estado de México (US$28M).
The main product bought by Mexico from Uruguay in 2022 was Mixtures of Odoriferous Substances and Mixtures for the Manufacture of Beverages (US$112M). The main destinations of purchases made to Uruguay were Ciudad de México (US$210M), Jalisco (US$59.8M), and Puebla (US$43.1M).
Monthly International Trade
#permalink to sectionThe main sale from Mexico to Uruguay in December 2022 was Motor Cars and other Vehicles Principally Designed Cars for Transport of Persons (US$6.24M). The main origins of sales to Uruguay were Ciudad de México (US$8.72M), Nuevo León (US$2.51M), and Puebla (US$2.44M).
The main product bought by Mexico from Uruguay in December 2022 was Rice (US$9.22M). The main destinations of purchases made to Uruguay were Ciudad de México (US$11.3M), Jalisco (US$5.9M), and Veracruz de Ignacio de la Llave (US$4.01M).
Net Trade Balance
#permalink to sectionIn 2022, the states with the highest commercial exchange (international sales minus international purchases) with were Nuevo León (US$66.8M), Estado de México (US$14.4M), and Baja California (US$12.9M).
Foreign Direct Investment
#permalink to sectionForeign Direct Investment Flow
#permalink to sectionFrom January 1999 to December 2022, Mexico has received a total of US$487M in FDI from Uruguay, distributed in reinvestment of earnings (US$249M), inter-company debts (US$188M), and inter-company debts (US$50.4M).
Foreign Direct Investment by States
#permalink to sectionFrom January to December 2022, the states that received the highest FDI from Uruguay were Ciudad de México (US$19.1M), Querétaro (Confidential), and Jalisco (Confidential).
Historically (from January 1999 to December 2022) the states that have received the most FDI from Uruguay are Ciudad de México (US$353M), Querétaro (US$79.9M), and Nuevo León (US$23.1M).
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 2022, Mexico received US$1.92M in remittances from Uruguay, while Uruguay received US$450k 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$10.3M is accumulated, while the FDI from Uruguay to Mexico accumulated in the year is US$28.9M.
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.