The Ministry of Economy announced that during the first semester of 2023, Foreign Direct Investment (FDI) in Mexico was 29,041 million dollars, an amount 41% higher than that registered during the first semester of 2022.

The report detailed that, in said period, Mexico reaffirmed itself as a profitable destination, since 78% of FDI corresponded to reinvestment of profits by foreign companies that already have a presence in the country.

Of interest: Solili Industrial Report 3Q 2023, scarce supply limits growth in industrial demand in Mexico

Furthermore, 15% was from accounts between companies and only 7% was contributed by new investments.

In the first six months of the year, FDI registered in the country confirmed the United States as Mexico's main trading partner with 43%, while Spain represented 15%, Argentina 8% and Japan 7%. These countries comprised 80% of FDI.

At the national level, the five entities with the highest FDI in the first half of 2023, and which concentrated 60% of it, were Mexico City, with 10,225 million dollars; Nuevo León, with 2,795 million dollars; Baja California, for an amount of 1,463 million dollars; Jalisco, with 1,390 million dollars and the State of Mexico, with 1,330 million dollars.

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Finally, they detailed that 57% of FDI corresponded to the manufacturing sector, which includes the transportation equipment, metals, beverage and tobacco industry, chemical and food industries, electrical appliances and computer equipment.

27% remained in financial services, 5% in temporary accommodation, 3% in mining, 2% in construction, as well as transportation and wholesale trade.

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Original note