The Mexican Business Council for Foreign Trade, Investment and Technology (Comce) announced that this year Mexico reached unprecedented positions in the country’s recent history in terms of trade and investment. By rising to ninth position in both global exports and destination of foreign direct investment (FDI) , which places the country as a leader in the international economic panorama.

According to Comce, the international economic engine that the country offers for business and international trade will allow 2024 to culminate as a year with growth of 3% for exports and 8% in FDI , compared to the year previous.

The organization explained that, according to figures from the Ministry of Economy (SE) , in the period from January to March 2024, FDI in Mexico reached 20,313 million dollars (million dollars) , distributed in accounts between companies (98.6 million dollars), new investments (599 million dollars) and reinvestment of profits (19,615 million dollars).

Regarding FDI, Comce projections indicated that Mexico could achieve an influx of resources for an amount of 39 billion dollars by the end of 2024 , which underlines the confidence and commitment of international investors in the economic potential and stability from Mexico; especially within the framework of nearshoring .

“We are witnessing a historic moment for Mexico in the field of international trade and investment, thanks to nearshoring. Mexico’s rise in these global indicators is a clear sign of the importance of the country as an export power and as a global FDI destination,” said Sergio Contreras, executive vice president of Comce.

It is worth remembering that last February the SE reported that in 2023 the country added a total amount of 36,058 million dollars in FDI , which represented 27% more compared to the end of 2022 when 28,416 million dollars were reported, the behavior positive was mainly driven by the reinvestment of profits.

Likewise, Comce’s expectations for exports point to a growth outlook with a projection of 610 billion dollars by the end of 2024 , which would represent a record figure. This is mainly attributable to the dynamism of the manufacturing sector, being the automotive industries. and auto parts are the most active.

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