Mexican companies invested more than 12,721 million dollars in the purchase of companies or factor construction in Latin America, Spain, France, Germany and the United States, according to data from ICEX Spain export and investments.
“Mexico starred a notable recovery, after registering just 755 million dollars in 2023, – a abrupt fall compared to the 17 thousand 343 million 2022 -, the outgoing investment rebounded strongly until reaching 12 thousand 721 million in 2024,” he revealed.
Lee: This is the investment of 1,553 million pm on the part of Pemex in a fertilizer plant in Veracruz
The investment rebound of Mexican entrepreneurs concentrated on the last three quarters of the year of 2024, but there was a peak of $ 254 million in the third quarter, something not registered in the rest of the economies of Latin America, said the agency chaired by Amparo López Senovilla, who is Secretary of Commerce of Spain.
The exit of Mexican capital was due to the growth of the reinvestment of profits, which amounted to 6,255 million, as well as a moderate rebound in capital contributions of the order of 1,336 million, the agency explained.
These are the companies and brands owned by Julio César Chávez Jr.
Likewise, in the departure of the investment of Mexican entrepreneurs, a recovery of intercomspañía loans was observed with 1,335 million dollars, which suggests normalization of intragroup financial flows after several years of high volatility, details the entity responsible for promoting the benefits of the Spanish economy.
“The main difference with respect to 2023 was the direct investment received, which registered a net entrance of 5,130 million, after a net exit of 5 thousand 704 million the previous year, completely reversing the dynamics of the flows,” said Icex Spain export and investments.
Mexico is the country that leads, at a great distance from others, Latin American investment in Spain, and its companies (and other corporate structures) are the ones that show the greatest preference for Spanish assets.
Also Brazilian businessmen, Argentines invest outside
The high sustained volumes of foreign direct investment issued show that Latin America has a highly trained business fabric to compete globally, he added.
Today the big corporations and an emerging number of service companies, most technological, compete in markets beyond their country of origin and market conquests in Europe, Asia and the United States, the state agency said.
“This fact coexists with a Latin America, whose private sector is dominated by Micropymes with a high level of informality,” he added.
Foreign direct investment issued by Latin America reached 53 thousand 035 million dollars in 2024, which represents an interannual growth of 50 percent and a significant recovery towards previous levels, said Icex Spain Export and investments.
“This volume of investment (of Latin American companies abroad) is located last year as the fourth largest annual record of the historical series,” he said.
Latin America companies invested more than 78 thousand 135 million dollars in 2022, companies brought more than 63 thousand 152 million in 2010 and 56 thousand 339 million dollars in 2011.
In addition, this is a volume well above the average of the 2010–2024 period and clearly exceeds the average five -year period prior to the pandemic.
The growth of the investment of Latin American companies abroad was mainly driven by the strong dynamism of the reinvestment of profits, which amounted to 30 thousand 127 million, representing 56 percent of the total, adds. They followed the capital contributions, with 11,322 million dollars (or 21 percent), and the intragroup loans, which added 12 thousand 426 million dollars (or 23 percent).
Four economies concentrate the bulk of foreign outgoing foreign investment from Latin America: Brazil, Mexico, Chile and Colombia: “together, represented more than 85 percent of the regional total in 2024”.
Brazil maintained its leadership as the main regional issuer in 2024, with 24 thousand 319 million dollars, followed by Mexico with 12 thousand 721 million, Colombia with 4 thousand 611 million and Chile with 3,592 million.
“The trajectories between these countries were divergent: it remained stable in Brazil, worsened in Chile and increased in Mexico and Colombia,” he said.
