Foreign direct investment (FDI) in Mexico totaled $29.0 billion in the first half of 2023, 40.7 percent more than in the same period last year, reported the Ministry of Economy, emphasizing in a press release that it is preliminary information.
According to the Ministry, in the first half a new historical record was registered. The agency omitted a breakdown of the information by quarter.
The United States remained the largest investor in Mexico with $12.4 billion, a figure that represented 42.7 percent of the total.
Spain contributed 14.5 percent and Germany 8.6 percent. These three countries concentrate 65.8 percent of the total FDI.
According to the Ministry, Mexico City received 35.2 percent of the total, Nuevo León captured 9.6 percent and Baja California 5.0 percent. These three entities concentrated 49.9 percent of the total.
Without providing details, the Ministry reported that the manufacturing industry concentrated 56.8 percent ($16.5 billion) of total FDI, mainly in the industries of transportation equipment, metals, beverages, chemicals, food, electrical appliances, and computer equipment.