Foreign direct investment (FDI) during the first quarter grew 5.4% per year to 21,373 million dollars, a new maximum for a similar period according to preliminary data and “despite the uncertain environment internationally,” said the Ministry of Economy.
He affirmed in a statement that in the period there was an “important recovery” in the new investments when registering an increase at an annual rate of 165%, but did not detail the amounts of the new investments or reinvestments.
The agency indicated that the United States remained the main investment partner in Mexico, by concentrating 38.7% of the total flows.
He stressed that EU and Canada represented 42.4% of FDI flows in Mexico, which shows the strength of economic relations in the TMEC region, and “the interdependence of trilateral economic growth.”
He added that 83.9% of the FDI received concentrated on five entities:
- Mexico City, 55%
- Nuevo León, 13%
- State of Mexico, 9%
- Baja California, 4%
- Guanajuato, 3%
He pointed out that 43.2% of the registered FDI was concentrated in the manufacturing sector, where the transport and tobacco equipment industries, chemistry, computer equipment and food industry stand out.
Lee: Mexico reaches new maximum of 36,872 MDD of foreign direct investment in 2024
“The historical maximum of the neoliberal stage in Mexico was in 2018 and was 9.5 billion dollars. 2018 was its maximum. In the fourth transformation we arrived this year to the historical maximum that are 21.4 billion dollars of direct foreign investment,” said the head of the agency, Marcelo Ebrard, during the presidential morning conference.
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