FDI in the first quarter was driven by reinvestments, since it represents 97% of the totalwhile the new investments fell to a minimum, meaning only 3% and the intercompany accounts did not appear.
In the first three months of the year, new investments reached just 600 million dollars, an amount less than the 1,618 million in the first quarter of 2023.
“This reconfiguration of FDI flows observed in the first quarter of 2024 suggests an adequate degree of liquidity for companies to cover debts acquired abroad by obtaining loans, as well as make loans to companies belonging to their corporate group. , causing a zero effect with investment inflows to the country, which is represented in the accounts between companies,” explained the agency headed by Raquel Buenrostro.
By country of origin, 52% came from the United States, followed by Germany and Canada, with 9% and 8% respectively.
Regarding the destination of foreign investment, 77% was concentrated in five entities: Mexico City (59%), Nuevo León (7%), Baja California (5%), Veracruz (3%) and Chihuahua (3%).
By sector, 42% of the registered FDI is concentrated in the manufacturing sector, in which the industries of Transportation Equipment, Beverages and Tobacco, Food, Chemicals, Metals, Plastics and Rubber, Electric Power Generation Equipment, Construction Equipment stand out. Computing and Paper Industry.
Mexico registers a new historical maximum in the first quarter of 2024 with more than 20,300 million dollars (million dollars) of Foreign Direct Investment, a figure 9% higher than that reported in the same period of 2023 with 18,636 million dollars.
For 15 consecutive months, the trust of… pic.twitter.com/bAMarXZIBo
— Economy Mexico (@SE_mx)
May 15, 2024
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