Mexico | FDI received by Mexico fell by mid-2024

Summary

The accumulated figures for the first half of 2024 reveal a trade balance of 5 billion USD, a smaller deficit than the previous year's first half. In the same period, FDI in Mexico totaled 31.1 billion dollars, a reduction of 1.0 billion from the same period of 2023.

Key points

• Key points:
• The export of consumer goods represents 25.4% and capital goods 32.1%, while intermediate goods contributed 42.5% with accumulated figures from January to June 2024.
• On the other hand, the import of consumer goods participates with 14.5% and capital goods 10.1%, but intermediate goods add up to 75.4%.
• Within Mexico's export portfolio, manufactured goods amounted to 266.4 billion dollars during the first half of 2024, representing 89.0% of the total.
• 83.0% of Mexican exports during the first six months of the year went to the United States of America (USA). Canada is the second most relevant destination (3.1%), followed by China (1.6%)
• The USA continues to be the leading investor in Mexico, with a share of 44.1% of the total. As of 2Q24, FDI from this country was 13.7 billion dollars.

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