Foreign direct investment (FDI) received by Mexico in the first quarter of 2023 amounted to 18,636 million dollarsreported this Sunday the Ministry of Economy (SE).
The amount received was 4.1% less than what was registered in the first three months of 2022when the entry of 19.427 million dollars was registered.
However, the Mexican agency explained that this investment flow is 48% higher if the extraordinary amounts due to the Televisa-Univisión merger and the restructuring of the Aeroméxico company are not considered.
Preliminary data from the agency indicate that without these operations for more than 6,000 million dollars, FDI in the period January-March 2022 was 12,553 million dollars.
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FDI in the first quarter of the year came from 1,387 Mexican companies with foreign capital participation and 863 trust agreements.
90% of this foreign investment, equivalent to more than 16,000 million dollars, was part of a reinvestment of profits, while 5% corresponded to new investments and another 5% to loans and payments between companies of the same corporate group.
The behavior observed in the first quarter of 2023 represents the confidence of investors to maintain and expand their investments in the country,” the SE celebrated in its report.
The US, Spain and Argentina, Mexico’s main trading partners
In these first three months, The United States was endorsed as Mexico’s main trading partnerleading the capital injected into the country, followed by Spain, Argentina, the Netherlands, Germany, Canada, the United Kingdom, Switzerland, Japan and Brazil.
Meanwhile, the Ministry of Economy reported that 67% of the FDI received in this period was located in five Mexican entities, with Mexico City being the one with the highest capture, with 38% of total investments, equivalent to 7,039 million dollars. Dollars.
Behind this was Nuevo Léon, in the north of the country, with 2,332 million dollars, 13% of the total; followed by the state of Jalisco, in the Mexican Bajío, with 1,079 million dollars, 6% of all registered investment.
There were also entities such as Puebla and the State of Mexico, with 920 million dollars and 892 million dollars, respectively.
By sectors, The SE detailed that 53% of the FDI received in the first quarter corresponded to Mexican manufacturing.
By subsectors, investments made in transportation equipment, the chemical industry, the food industry, computer equipment, electric power generation equipment, metals, the beverage and tobacco industry stood out.
Another 33% were related to financial services, 4% to transport, mail and storage, and 2% to mining, construction, retail and wholesale trade, respectively.
EFE International news agency based in Madrid and present in more than 110 countries.