According to the Ministry of Economy, in the first five months of 2024, 127 investment announcements have been made in Mexico by foreign companies, generating a total expectation of 39.157 billion dollars.

Fifty-one percent of the announcements were made by companies with capital of U.S. origin; followed by Germany, with 14%, and Argentina, with 11%. Eighty-seven percent of the total amount of announcements came from nine of the 10 main countries of origin with FDI, which confirms the confidence of the private sector to continue investing and expanding in the country.

The manufacturing sector accounts for most of the investment, 56% of the total, representing US$ 21.869 billion dollars. Within this sector, the beverage (48%), auto parts (16%), iron and steel (12%), automobiles (9%), electronic components (2%) and others (12%) industries have been grouped.

These investments are announced following a 27% year-on-year growth in FDI in 2023 in Mexico to a record of more than US$ 36 billion and a 9% rebound in the first quarter of the year to US$ 20.313 billion.

Analysts agree that Mexico is one of the countries with the greatest potential to benefit from nearshoring, a phenomenon in which companies move their production chains to be closer to their main markets, particularly from Asia to North America.