Mexico | FDI increased in the manufacturing sector in 3Q24

Summary

As of the third quarter of 2024 (3Q24), the trade deficit is 11 billion dollars. In the same period, foreign direct investment (FDI) continues to flow to Mexico. Through 3Q24, the country has attracted 35.7 billion dollars, a slight increase of 1.5% compared to the same period of the previous year.

Key points

• Key points:
• Mexico's trade balance is in surplus in consumer goods and, to a greater extent, in capital goods; however, this is not enough to offset the negative balance of intermediate goods.
• Exports of manufactured goods continue to grow in accumulated figures to 3Q24, although at a slightly lower rate. These goods gained a small share within the export portfolio, reaching 89.7% of the total.
• Marginally, but the concentration of Mexican exports by destination country continues to increase. With accumulated figures for 3Q24, 83.2% of international merchandise trade flows towards the United States of America (USA) for 379 billion dollars.
• Manufacturing captured 19.4 billion dollars, 51.6% of the total during this period. In second place by far, financial services accounted for 14.6% of FDI flows, totaling US$5.5 billion. This was the only sector showing a contraction compared to the same period a year earlier.

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