Mexico attracted more than $18,000 million dollars of FDI

During the first quarter of 2023, Foreign Direct Investment (FDI) was of 18 thousand 636 million dollars, 48% higher than the first quarter compared to 2022, which registered 12 thousand 553 mmd, reported the Ministry of Economy.

Of the FDI reported, 90% corresponds to profits that did not return to their country of origin; 5% to new investments in Mexico and the other 5% to loans and payments between companies of the same corporate group.

During 2023, FDI registered in Mexico endorsed the United States as its main trading partner, followed by Spain, Argentina, the Netherlands, Germany, Canada, the United Kingdom, Switzerland, Japan and Brazil.

Five states captured 67% of FDI

Five states accounted for 67% of FDI in the first quarter of this year: Mexico City ($7,039 million dollars), Nuevo Leon ($2,332 million dollars), Jalisco ($1,179 million dollars), Puebla ($920 million dollars) and the State of Mexico ($892 million dollars).

Also in the top 10 are Veracruz ($831 million dollars), Baja California ($785 million dollars), Chihuahua ($562 million dollars), Guanajuato ($492 million dollars) and Sonora ($387 million dollars).

FDI by sector

On the other hand, the Ministry of Economy informed that 53% of FDI corresponds to the manufacturing sector. Highlights include transportation equipment, chemical industry, food industry, computer equipment, power generation equipment, metals, beverage industry and tobacco.