*Mexico’s economy ministry (SE) has released its latest report on foreign direct investment (FDI), which shows that FDI for the second quarter of 2024 reached US$31.1bn, a new all-time high for the period. This figure represents a 7% increase on the same period in 2023 and a 53% increase on the US$20.3bn received in Q1 2024, itself a record for the period. The SE noted an “unprecedented” amount of reinvestment by companies, attributing this to “economic stability, a good business environment and competitive advantages offered” in the country. The report highlights that the US remains Mexico’s leading source of FDI, accounting for US$13.7bn of FDI, 44% of the total. Germany follows with US$4.2bn, and Japan with US$3bn. The sector to attract the most FDI was manufacturing, accounting for 54% of total FDI, followed by financial services (15%), mining (10%), and transport (8%). Mexico City (CDMX) received the most FDI with US$14.18bn (46%), followed by the states of Nuevo León (US$2.30bn) and Baja California (US$1.81bn).
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