Sunday, December 3, 2023

Foreign investment in Mexico grows 49.2% in the first half of 2022

The Mexican economy received 27,511.6 million dollars of foreign direct investment (FDI) in the first half of 2022, an increase of 49.2% compared to the same period in 2021, the Ministry of Economy (SE) reported on Monday based on preliminary figures.

The government agency attributed the increase to “extraordinary movements” related to the merger of Televisa with Univisión and the restructuring of Aeroméxico, which together represented 6.875 million dollars.

“Without considering the movements mentioned above, FDI in the first half of 2022 is 12% higher than the preliminary amount raised in the same period of 2021 (18,433.5 million dollars)”, the SE clarified in a statement.

The result of the first semester is the result of the difference of 33,510 million dollars recorded as inflows and 5,998.4 million dollars in outflows.

The preliminary registered foreign investment came from 2,376 companies with foreign capital participation, 2,649 trust agreements and 16 foreign legal entities.

In addition, by type of investment or source of financing, 43% originated from new investments, 42.4% through reinvestment of profits and 14.6% from accounts between companies.

By sector, manufacturing received 34.3%; transportation 16.3%; information in mass media captured 14.2%; financial and insurance services, 13%; trade, 6.1%; and mining 4.8%, while the remaining sectors captured 11.4%.

By country of origin: the United States contributed 39.9%, followed by Canada, with 10.3%; Spain, with 6.8%, and Argentina with 5.9%.

The United Kingdom represented 3.3%, Germany 2.6%, and the rest of the unspecified countries contributed the remaining 31.2%, added the Ministry of Economy.

“As usual with this statistic, the data will be adjusted when there is more information on the operations of that period. The FDI figures were reviewed jointly by the Ministry of Economy and Bank of Mexico,” the bulletin warned.

The figures are a reflection of the economic performance of Mexico, which grew 1% annually in the second quarter of 2022.


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