During the first quarter of 2024, Mexico reached a new historical record in Foreign Direct Investment (FDI), reporting 20 thousand 313 million dollars (mdd), Sinaloa captured 142 million dollars of FDI, according to data from the Ministry of Economy of the federal government in the report “Foreign Direct Investment in Mexico, Behavior by Federal Entity as of the first quarter of 2024.”
This figure represents an increase of 9 percent compared to the 18,636 million dollars registered in the same period of the previous year.
Historical figure
The data of the Ministry of Economy of the federal government, in an analysis of the Foreign Direct Investment (FDI) In this same period since 2006, they reveal a significant upward trend. In 2006, FDI was 1,446 million dollars. This figure increased considerably in the following years, registering 19,428 million dollars in 2022, decreasing in 2023 with 18,636 million dollars and reaching a historical maximum of 20,313 million dollars in 2024.
Greater investment
The report announced that according to the FDI corresponding to the first quarter of 2024, the United States consolidated itself as the main investment partner in Mexico, representing 52% of total flows. However, there is also evidence of diversification in the origin of investments and in the sectors in which they participate, reflecting a greater variety and breadth in the sources and destinations of investment.
Of the 20,312.7 million dollars of Foreign direct investment In the first quarter of 2024, 8 out of every 10 FDI dollars come from 5 countries: USA 52.3%, Germany 8.6%, Canada 8.4%, Japan 7.0% and Argentina 4.1%.
The 10 countries with the greatest investment in Mexico, which concentrate 92% of FDI, are the US with 10,615 million dollars, Germany with 1,740 million dollars, Canada with 1,705 million dollars, Japan with 1,430 million dollars, Argentina with 840 million dollars, Switzerland with 764 million dollars, Korea of the South with 641 million dollars, the Netherlands with 530 million dollars, Spain with 351 million dollars and Brazil with 164 million dollars.
States by investment
The report from the Ministry of Economy highlighted a reconfiguration in the distribution of investments throughout the country. Of the total Foreign Direct Investment (FDI) registered in the first quarter of 2024, 93% was concentrated in 10 states. The Mexico City It ranked first with $12,043 million, representing 59% of the total $20,313 million. Nuevo León was in second place with 1,351 million dollars, followed by Baja California with 1,083 million dollars.
The other states are Veracruz, Chihuahua, State of Mexico, San Luis Potosí, Guanajuato, Jalisco and Querétaro. According to the Sinaloa Ministry of Economy, the state was ranked 14th with 142 million dollars.
Sinaloa
According to data provided by the Ministry of Economy of Sinaloa In the first quarter of 2024, the state captured 142 million dollars of Foreign Direct Investment, totaling 1,453 million dollars so far in the state administration, which means that it is at 73% of the six-year goal in just 2 years and six months .
#Sinaloa #14th #place #national #FDI #quarter
