Mexico captures 31.5 million dollars in new Foreign Direct Investment announcements in 2024

In just the first two and a half months of 2024, Mexico has received 73 announcements of new foreign direct investments for a total amount of 31,512 million dollars, according to data from the Global Economic Intelligence Unit of the Ministry of Economy. It is estimated that these investments will generate 39,192 new direct jobs in the country in the next 2-3 years.

According to the agency, The United States leads with 57 percent of the announced investment, reaffirming its position as the largest foreign investor in Mexico. They are followed by Germany with 17 percent, Argentina with 14 percent and China entering strongly with 6 percent of the total investment announced so far this year.

The manufacturing sector remains the main recipient of FDI flows, capturing more than half (54 percent) of the announcements. Within this sector, investments in the manufacturing industry stand out. drinks, iron and steel industry, automobiles, auto parts and electronics.

In fact, the Automotive assembly is the branch that will generate the most jobs with these new investments, adding 17,559 jobs.

Which states will receive more investments?

Other relevant sectors that will receive strong investments are Massive media (16 percent of the total), trade (15 percent) and transport (14 percent). Among the main announcements are those of giants such as FEMSA, Amazon, DHL, Mercado Libre, Walmart, TerniumVolkswagen and several Chinese automakers.

Regarding geographical distribution, the announced investments are mainly concentrated in 15 states that capture 74 percent of the total. Querétaro leads with 5,699 million dollars, followed by the State of Mexico, Nuevo León and Puebla. However, several entities will receive important investments in the development poles of the Interoceanic Corridor of the Isthmus of Tehuantepec and the Mayan Train, such as Tabasco and Quintana Roo.