The Mexican economy captured a record of 32,147.4 million dollars of foreign direct investment (FDI) in the first three quarters of 2022an increase of 29.5% compared to the same period in 2021, the Ministry of Economy (SE) reported on Tuesday.
This figure is the highest since 1999 for a similar period,” the Mexican Government agency highlighted in a statement with preliminary figures.
The data for the first nine months of the year already exceeds all of 2021, when Mexico captured 31,621.2 million dollars in FDI, and they are above the 23,831.7 million dollars of the first three quarters of last year.
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The preliminary foreign investment from January to September came from 3,030 companies with foreign capital participation, 4,404 trust agreements and 21 foreign legal entities.
Also, by type of investment or source of financing, 45.2% originated from new investments43.7% through profit reinvestment and 11.1% through intercompany accounts.
Catchment by sector
By sector, manufacturing received 36.3%; transportation 14.5%; information in the mass media captured 13.6%; financial and insurance services, 11.6%; trade, 5.8%; and mining 4.8%, while the remaining sectors captured 13.4%.
By country of origin: USA contributed 39.1%, followed by Canadawith 9.5%; Spainwith 7.1%, and Argentina with 4.9%.
Japan represented 3.9% and United Kingdom 3.8% while the rest, not specified, contributed the remaining 31.7%.
The agency clarified that “the amounts reported only consider investments made and formally notified to the National Registry of Foreign Investments of the Ministry of Economy; hence their preliminary nature and the fact that they are updated in successive quarters”.
The figures are a reflection of the economic behavior of Mexico, which grew 1% quarterly and 4.2% year-on-year in the third quarter of 2022, with which it accumulates an annual rise of 2.7% so far this year.
Mexico received 2% of the world’s total FDI flows in 2021which placed it in position 10 worldwide, according to the SE.
EFE International news agency based in Madrid and present in more than 110 countries.