Switzerland ranks 6th for FDI in Mexico

28 May 2024 12:14

SwissCham Mexico

Supporting partner

Mexico City - In the first quarter of the year, Switzerland ranks in 6th place for foreign direct investment in Mexico at 0.8 billion US dollars. The USA tops the charts in this regard at a value of 10.2 billion US dollars. In total, 20.3 billion US dollars were invested by foreign entities in Mexico during this period.

In the first quarter of 2024, foreign direct investment (FDI) totaled 20.3 billion US dollars, according to data from the Mexican government. At 10.2 billion US dollars or 52 percent, the USA accounts for the greatest share. According to a LinkedIn post from the Swiss-Mexican Chamber of Commerce and Industry, Switzerland was responsible for a share of 0.8 billion US dollars, or 4 percent, of FDI in Mexico during the first three months of the year, which puts Switzerland in 6th place. After the USA, Germany and Canada round off the top three with 1.7 billion US dollars of FDI each.

According to information from the Mexican Secretariat of Economy, FDI in the first quarter of 2024 is up by 9 percent on the same period of 2023 (18.6 billion US dollars). This is a new historic high since records first began, the government department states. As a result of the country’s economic stability and positive business environment, profit reinvestment has reached a new high for the second year in a row. According to the government press release, this reflects the confidence of foreign investors in the country.

The production location of Mexico has a growing need for capital to develop its industries, according to the Mexican Secretariat of Economy. In total, manufacturing industries account for 42 percent of FDI, with the most important sectors in this regard being the manufacture of transportation, the beverage and tobacco industries and the food industry. According to government data, these are followed by the chemicals industry, the metal industry, the plastics industry and the manufacture of energy generation systems. ce/gba 

Supporting partner

Swiss Pavilion Digital

Previous newsletters