Mexico’s Foreign Investment Surges 48% as Nearshoring Booms
- Sharp increase occurs as companies expand operations
- Nuevo Leon, Jalisco and Puebla are top receiving states
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Mexico’s foreign direct investment rose 48% in the first quarter from regular flows recorded during the same time last year, the latest sign that corporate nearshoring efforts are contributing to the country’s export boom.
Investment surged to $18.6 billion over the first three months of 2023, according to preliminary data Mexico’s Economy Ministry released on Sunday. The percentage increase from a year ago excludes the merger of media companies Grupo Televisa SAB and Univision Holdings Inc. and the restructuring of Grupo Aeromexico SAB, the ministry said.