Foreign direct investment in Mexico grew by 5.7% in the first nine months of 2021 compared to the same period of the previous year to reach 24,831.7 million dollars, reported this Monday the Ministry of Economy (SE).
This “shows a recovery in FDI flows (foreign direct investment), in collusion with the positive global trend, according to the latest data from UNCTAD (United Nations Conference on Trade and Development),” the secretariat reported in a statement.
The preliminary investment registered between January and September 2021 came from 3,259 companies with participation of foreign capital, 3,721 trust contracts and 23 foreign legal entities, they detailed.
By countries of origin, the United States contributed 49.6%; Spain 10.7%, Japan 6.3%, Germany 5.3% and Canada 5.2%. The other countries contributed the remaining 22.9%.
By source of financing, 40.3% of the total comes from reinvestment of profits, 38.4% from new investments and 21.3% from intercompany accounts.
By sectors, manufacturing accounted for 45% of the investment received, 14% of the investments went to the mining sector, 10.9% to financial and insurance services, 10% to transport, 6% to trade and 4.6% to temporary accommodation services.
“The amounts reported only consider investments made and formally notified to the National Registry of Foreign Investments of the Ministry of Economy; hence their preliminary nature and that they undergo updates in successive quarters,” said the Ministry of Economy.
The Mexican economy contracted by 8.2% in 2020, its worst collapse since the Great Depression of 1932, and a rebound is estimated for 2021 of more than 6%.
In September, the president of Mexico, Andrés Manuel López Obrador, predicted that the country will grow more than 6% this year and that it will grow on average 5% until 2024.
López Obrador based his optimism, in the first place, on the opportunities offered by the new Treaty between Mexico, the United States and Canada (T-MEC), which has been in force for just over a year.
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