Miércoles, 22 de May, 2024
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FDI Reaches USD32.9 Billion in the First Nine Months of 2023

By Goodrich, Riquelme y Asociados

FDI Reaches USD32.9 Billion in the First Nine Months of 2023

Mexico's foreign direct investment (FDI) totaled USD32.9 billion in the first nine months of 2023, a 2.4% increase compared to the January-September period of 2022, according to the Ministry of Economy (SE).

The increase in FDI was driven by reinvestment of profits, which accounted for 73% of total inflows. Inter-company accounts and new investments represented 19% and 8% of total inflows, respectively.

The United States remained the largest source of FDI to Mexico in the first nine months of 2023, followed by Spain and Germany.

The manufacturing sector was the largest recipient of FDI, attracting USD17.5 billion, or 53% of total inflows. Financial services, trade, telecommunications, and mining were the other four sectors that attracted significant FDI inflows.

The outlook for FDI in Mexico remains positive for the remainder of 2023. The country's strong economic fundamentals, its commitment to attracting foreign investment, and the ongoing nearshoring trend are expected to continue to drive FDI inflows.

Key takeaways:

-Mexico's FDI totaled USD32.9 billion in the first nine months of 2023.

-Reinvestment of profits was the largest source of FDI inflows.

-The United States remained the largest source of FDI to Mexico.

-The manufacturing sector was the largest recipient of FDI.

-The outlook for FDI in Mexico remains positive.

Goodrich, Riquelme y Asociados

Goodrich has a long tradition of standing alongside its clients when helping them make their business objectives a reality. By means of a cross-practice among service areas and industry teams, our carefully trained lawyers achieve an innovative approach towards the rendering of contemporary legal services tailored to the demanding business community worldwide.

We ensure that our clients are competently represented wherever their businesses take them. This is why, in addition to our network of correspondents in Mexico and our own office in Paris (since 1971), Goodrich actively participates as founder firm of the Bomchil Group, an association of independent law firms with offices in practically every Latin American country. Today, Goodrich has a professional and administrative staff of over 250. In our firm we are constantly striving to renew ourselves and in being prepared to face the ever-changing legal challenges that lie ahead. We are a firm of young lawyers with the highest professional and ethical standards.

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