Mexico Attracts Record Levels of Foreign Direct Investment (FDI)
In the first trimester of 2021, Mexico reported a record $11.86 billion in foreign direct investment (FDI) entering the country. This news is a positive sign for investors interested in entering the Mexican market as the country looks towards a post-pandemic recovery.
Key Figures and Sectors
Tatiana Clouther, the country’s Secretary of Economy, announced during a videoconference on May 20 that FDI in Mexico reached its highest level ever for the same time period since records began in 1999. This represents a 14.8% increase from the previous year, with a significant portion of the investment in sectors such as manufacturing, finance, professional services, mining, and international trade.
Origins of Investment
Around 42.5% of the FDI came from the United States, with other major sources including Spain, Luxembourg, the United Kingdom, and Canada.
Mexico’s Economic Recovery
The record levels of FDI in Mexico are a promising indication of the country’s moving towards an economic recovery following the challenges presented by the pandemic. The Biden administration’s approach and a network of free trade agreements are expected to have a positive impact on Mexico’s economy. Recent studies suggest that the country could recover sooner than projected, and with FDI inflows of $29.4 billion registered in 2019, Mexico is a promising destination for foreign investors.
Business Opportunities in Mexico
The latest FDI figures point to several business opportunities in Mexico, including potential growth in the financial technology, medical cannabis, e-commerce, and tourism sectors.
Biz Latin Hub Can Assist You
For investors looking to take advantage of business opportunities in Mexico, Biz Latin Hub offers a range of corporate support services, including legal, accounting, recruitment, and company formation assistance. Our team can help you navigate the Mexican market and support your business endeavors in this promising investment destination in Latin America.
