Foreign Direct Investment (FDI) rebounded strongly in 2021, although it lacked 'vigor' to recover from the wound left the previous year by the COVID-19 pandemic.

Accumulated FDI flows in 2021 amounted to 31,621 million dollars, according to preliminary data published this Monday by the Ministry of Economy.

The data represents an increase of 8.7% compared to the 2020 figure, but it is still 3.9% below the amount raised in 2019 (32 thousand 921 million dollars). It should be remembered that, in 2020, FDI fell 11.7%.

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Inflows totaled 45 thousand 84 million dollars, an increase of 14.9%. Outflows grew at a faster pace, reaching 13 thousand 463 million dollars, that is, an annual rise of 32.7%.

New investments accounted for most of the FDI received, grouping 43.7%, followed by re-investments and accounts between companies with 38.6% and 17.7%, respectively.

The manufacturing sector continued to dominate as the one with the highest capture with 39.7%.

In a distant second place was mining with 15.7%, followed by financial services and insurance that reported 15%, transportation 8.8%, commerce 8.5% and temporary accommodation services 5.2%.

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The United States remained the largest source of FDI for Mexico, with a 47.5% share. In second place was Spain, which increased its participation to 13.7%, between the third and fourth quarters of 2021. 

In third place was Canada with 6.5%, in fourth the United Kingdom 5.7%, in fifth Germany with 5.2% and Japan occupied the sixth place with 5%.

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Original note