Five entities reach a record in attracting FDI

2022 has represented a historic year in attracting foreign capital for five federal entities: Mexico City, Jalisco, Yucatán, Hidalgo and Chiapas.

Beyond the economic and labor impact that foreign investment brings, these territories have a great opportunity to take advantage of a new trend: nearshoring or geographic relocation of global supply chains.

According to data from the Ministry of Economy, the country’s capital not only managed to rank first in attracting Foreign Direct Investment (FDI), but also managed to record a record high in the first three quarters of the year.

FDI from Mexico City amounted to 10.296 million dollars between January and September of this year, an amount that had not been observed in the same comparison period.

The “big culprit” for this record was the film and video industry with 43.6% of the total captured, which corresponds to the commitment of Amazon and Netflix to local productions.

Another factor that stands out in the foreign capital of Mexico City is that of the total, 65.6% refers to new investments, that is, there is greater confidence of the foreign investor in the local economic engine.

Meanwhile, the countries with the greatest presence were the United States with 25.1% of the 10.296 million dollars, Spain with 5.8%, France with 4.2% and Canada with 3.9 percent.

Hub de Occidente, the objective in Jalisco lands

Jalisco was another entity that reached a historic FDI in the first three quarters of the year, with 2,396 million dollars.

The main characteristic is that 13.7% of the total was focused on the regular air transport branch, an example of the state’s commitment to cargo mobilization, as it is the hub of the West.

By type of investment, 34.5% came from intercompany accounts (loans from parent companies residing abroad to their subsidiaries in Mexico); The country with the highest FDI flow was the United States, with 44.4% of the total.

Tourism and infrastructure, the bets

Yucatan also achieved its historic FDI with 516 million dollars, the trigger for which was the category of pensions and guest houses, and apartments and houses furnished with hotel services, with 8.4% of the total.

408 million dollars were enough for Hidalgo in the period January-September of this year to hold maximums, having as its pillar the branch of services related to road transport with 43.3% of the total captured.

It should be noted that in the Hidalgo entity the largest investor was Canada, registering 304 million dollars.

Finally, Chiapas had its record in FDI with 240 million dollars, an amount of which 30.3% went to construction of works for the supply of water, oil, gas, electric power and telecommunications.

It stands out that in the southern state, which together with Yucatán are considered in the Mayan Train project, 39.1% belonged to new investments.

New windows for strategic territories

A window of opportunity opens up for the five entities with historic highs in attracting FDI.

Although the states that have a privileged geographical position and most of the country’s productive plant also enter, particularly the northern border and Bajío regions.

The trade war between the United States and China, disruptions in supply chains, and the Russian invasion of Ukraine are the main reasons why different companies operating in Europe and Asia intend to relocate to Mexico.

According to various specialists, in order to take advantage of the opportunities that nearshoring or relocation of global supply chains entails, it is necessary for the federal entities of the national territory to have greater capacity in the management of inputs from Asia.

estados@eleconomista.mx