Mexico reaches new record of foreign investment in 2024

Mexico closed 2024 with a new all-time high in Foreign Direct Investment (FDI), registering 36,872 million dollars, an increase of 2.3% compared to 2023, according to official data from the Ministry of Economy. The United States remained the main investment partner, contributing 45% of total flows with 16,513 million dollars.

Japan and Germany are in second and third place with shares of 12% and 10% respectively, followed by Canada (9%) and the Netherlands (5%). These five countries accounted for 81% of FDI received during the year, according to official records.

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The manufacturing sector was the main recipient of FDI in 2024, accounting for 54% of the total. Within this category, the transportation equipment industry stood out with 50% of the investment, followed by:

• Beverages and tobacco (20%).
• Computer equipment (9%).
• Chemistry (6%).
• Base metals (4%).

This pattern reflects the growing demand for specialized manufacturing in Mexico, driven by both the domestic market and exports. In geographic terms, Mexico City led the reception of foreign capital with 14,427 million dollars, which represents 39% of the national total.

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They were followed by the State of Mexico (7%), Baja California (7%), Nuevo Leon (6%) and Chihuahua (4%). Together, the ten states with the highest FDI accounted for 79% of the total flow.

The record achieved in 2024 strengthens Mexico's position on the global stage as a manufacturing and export center, amid the relocation of supply chains or the phenomenon known as 'nearshoring' - a business strategy that moves part of the production to a nearby country.

However, In the Mexican context, challenges related to infrastructure, security and legal certainty persist. , aspects that analysts consider key to sustaining and increasing FDI flows in the coming years.

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