However, reinvestments continue to dominate FDI, with $30.3 billion of the total coming from this category.
New investments have not picked up, reaching only 900 million dollars, while intercompany accounts had a negative balance of 101 million.
“For the second consecutive year, we highlight the unprecedented amount of reinvestment of profits by companies in the country, due to economic stability, the good business environment and the competitive advantages offered, an ideal situation to expand and improve their production processes, becoming companies that attract new investments,” said the Ministry of Economy.
Analysts have mentioned that the lack of new investments is reflecting the fact that Mexico is taking very little advantage of nearshoring.
By country, the United States remains the main foreign investor in Mexico, totaling 13,717 million dollars in the second quarter of the year, representing 44% of the total.
They are followed by Germany and Japan, with amounts of 4,167 and 3,082 million dollars, respectively.
The states that attracted the most FDI between January and June of this year are: Mexico City (14,184 million dollars); Nuevo León (2,304 million) and Baja California (1,809 million).
Regarding sectors, 54% of FDI is concentrated in the manufacturing sector, with the most notable industries being transportation equipment, beverages and tobacco, chemicals, computer equipment, food, metals, and plastics and rubber.
