Foreign investment in Mexico grows by 29.5% through the third quarter of 2022

The Mexican economy arrest A record amount of 32 thousand 147.4 million dollars of foreign direct investment (direct foreign investment) in the first three quarters of 2022, an increase of 29.5% compared to the same period of 2021, I mentioned this Tuesday The Ministry of Economy (I know).

“This number is the highest since 1999 for a similar period,” said Subordination Government of Mexico In a statement with raw numbers.

Data for the first nine months of the year already exceeds all of 2021, when Mexico arrest 31 thousand 621.2 million dollars in direct foreign investmentand they are above 23 thousand 831.7 million dollars From the first three quarters of last year.

Initial foreign investment in the January-September period came from 3,030 companies with foreign capital participation, 4,404 credit agreements, and 21 foreign legal entities.

In addition, by type of investment or source of financing, 45.2% of new investments originated, 43.7% through dividend reinvestment, and 11.1% from intercompany accounts.

By sector, manufacturing gained 36.3%; transportation 14.5%; Information in the media accounted for 13.6%; financial and insurance services 11.6%; trade, 5.8%; and mining accounted for 4.8%, while the remaining sectors accounted for 13.4%. By country of origin: United State contributed 39.1% following Canada9.5%; Spainby 7.1% and Argentina by 4.9%.

Japan accounted for 3.9% and United kingdom 3.8% and the remainder unspecified contributed to the remaining 31.7%.

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The agency explained, “The reported amounts take into account only the investments executed and officially reported in the National Register of Foreign Investments at the Ministry of Economy. Hence their preliminary nature and the fact that they are updated in successive quarters.”

The numbers are a reflection of the economic’s behaviour Mexicowhich posted growth of 1% quarterly and 4.2% year-on-year in the third quarter of 2022, achieving an annual increase of 2.7% so far this year.

Mexico It received 2% of the total inflows direct foreign investment in the world in 2021, making it the 10th largest in the world, according to the I know.

With information from EFE

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