The Mexican Ministry of Economy recently released preliminary statistical data showing that in 2023, Mexico attracted a foreign direct investment of 36.058 billion US dollars, a year-on-year increase of 2.2%, setting a new historical high.
The Mexican Ministry of Economy has released a report stating that stable macroeconomic conditions, competitive advantages, and a favorable business environment are important reasons for Mexico to attract foreign investment. Especially in 2023, 74% of foreign direct investment was reinvested from profits earned by investors within Mexico, indicating the confidence of foreign investors in Mexico.
The Mexican Ministry of Finance and Public Credit stated that fiscal stimulus measures targeting major export industries can enhance the competitiveness of related industries, promote technological innovation and investment, help create employment opportunities, and further attract foreign direct investment. In addition, expanding exports helps to increase foreign exchange income and improve trade balance, further enhancing investor confidence in Mexico.
Francisco Cervantes, Chairman of the Mexican Entrepreneurs Coordinating Council, stated that although Mexico has attracted foreign direct investment and overall promising economic development prospects, there are still some challenges. In the future, the country needs to further strengthen infrastructure construction such as transportation, attach importance to technological development and talent cultivation.
