*Mexico’s economy ministry (SE) has released its latest figures on foreign direct investment (FDI), which show that this reached US$36.06bn in 2023 up 2.2% on 2022. The SE said however that if the “extraordinary” amounts coming from the 2022 merger of multimedia company Televisa with network Univisión and the restructuring of the airline Aeroméxico were excluded, the annual increase would be 27%. According to the SE report, the US accounted for US$13.64bn of the FDI inflows (38% of the total), followed by Spain (US$3.77bn, 10%), Canada (US$3.47bn, 10%), and Japan (US$2.91bn, 8%). The sector to attract the most FDI was manufacturing (50% of the total), followed by mining (33%), financial services (20%), and temporary accommodation (7%). Of the total, 57% of FDI went to five federal states: Mexico City (CDMX) (which accounted for US$11.20bn), Sonora (US$2.71bn), Nuevo León (US$2.54bn), Jalisco (US$2.21bn), and Chihuahua US$1.98bn).
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