At the close of 2025, Mexico received $40.871 billion in Foreign Direct Investment (FDI), which represented a growth of 10.8% compared to the FDI received in 2024, when it was $36.872 billion.

According to the Ministry of Economy (SE) , this result is the highest figure observed in an annual exercise, thus maintaining a growing trend for the fifth consecutive year .

The federal agency detailed that reinvestment of profits registered the largest share with 67.7% of the total FDI received , followed by new investments  with 18%, while intercompany accounts represented 14.3 percent.

According to the SE, new investments grew 132.9%, rising from $3.168 billion in 2024 to $7.378 billion in 2025. Meanwhile, reinvestment of profits experienced a slight contraction of 3.7% annually, falling from $28.71 billion to $27.65 billion, resulting from a higher distribution of dividends.

Intercompany accounts registered an annual increase of 17%, going from 4.994 billion dollars in 2024 to 5.844 billion dollars in 2025, associated with the dynamics of capital reorganization in corporate groups.

Origin of FDI by country

The United States remained Mexico’s main investment partner, with FDI flows of $15.877 billion, representing 38.8% of the total . Spain followed with $4.431 billion, a 10.8% share.

Canada ranked third with $3.323 billion (8.1% share), followed by the Netherlands with $2.387 billion (5.8%) and Japan with $2.293 billion (5.6%).

Destination of FDI by federal entity

In 2025, Mexico City remained the top destination for FDI, receiving US$22.381 billion, representing 54.8% of the total . Compared to the end of 2024, FDI in the city grew by 55.1%.

Nuevo León followed , with $3.628 billion, representing an 8.9 percent share. In this state, FDI grew by 72.9% compared to the end of 2024.

The State of Mexico ranked as the third-largest recipient of foreign direct investment (FDI) last year, receiving $3.279 billion, representing an 8% share. Compared to 2014, FDI in this state increased by 24.1%.

The FDI attracted by Mexico in 2025 reflects the country’s capacity to attract new capital that promotes the adoption of cutting-edge technologies and productivity growth in the national industry.

According to the results released by the SE, the economies of the North American region, that is, the United States and Canada, together concentrated about half of the FDI in 2025 (46.9%), which shows the economic integration that the three countries that make up the Treaty between Mexico, the United States and Canada (USMCA) have , which could be a point in favor of the Mexican negotiators in the next review of this trade agreement, scheduled for July 2026.

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Nuevo León, Chihuahua, and Coahuila once again ranked among the top three in the national ranking, consolidating their position as the most robust industrial hubs in Mexico, according to the results of the third edition of the Industrial Development Index (IDI) 2025 , prepared by FINSA , an industrial real estate developer.

According to the analysis, Baja California maintained its fourth position and the State of Mexico ranked fifth, driven by advances in infrastructure and economic dynamism.

In the infrastructure category , which assesses the availability and evolution of space designated for industrial development in each entity, as well as the quality and capacity of its physical and digital connectivity, Nuevo León expanded its leadership, reaching 17.9 million square meters (m²) of industrial space , in addition to having the highest level of new construction, with an average of 1.3 million m² per year over the last five years.

Chihuahua and Baja California remain among the states with the highest installed capacity and sustained growth.

Mexico City also stood out, with an annual average of 334,000 m² of new construction, followed by Coahuila with 321,000 m², Jalisco with 271,000 m², Querétaro with 221,000 m², and Guanajuato with 209,000 m².

In terms of connectivity, the Felipe Ángeles International Airport (AIFA)  positioned the State of Mexico as the national leader in air cargo, “although an impact is anticipated from the last quarter of 2025 following the revocation of routes by the United States government.”

The growth of containerized cargo in the ports of Lázaro Cárdenas and Veracruz strengthened the logistical position of Michoacán and Veracruz.

In contrast, road safety indicators showed progress in Tlaxcala, San Luis Potosí and Morelos; while Mexico City, Durango and Nayarit showed significant setbacks, detailed the IDI 2025.

“The Industrial Development Index has become a strategic tool for evaluating the real capacity of entities, in line with initiatives such as the Mexico Plan , which seek to articulate a long-term industrial and territorial policy,” highlighted Sergio Argüelles, president and CEO of FINSA.

Regarding the environment and sustainability , Durango stood out in wastewater treatment, with levels close to 100 percent. It was followed by Jalisco, Mexico City, Aguascalientes, and Baja California. However, critical gaps persist in the southeast of the country, particularly in Campeche and Yucatán.

Chihuahua, Baja California, Nuevo León, Mexico City and Tamaulipas had an outstanding performance as main drivers of LEED certified buildings, although 17 entities did not register any activity in the period analyzed.

Among other data, the IDI revealed that Mexico City also led in the number of researchers linked to industry, applications for inventions and STEM graduates (science, technology engineering and mathematics).

Regarding economic development , Nuevo León (12.6%), State of Mexico (9.3%), Coahuila (8.2%), Jalisco (7.9%), Guanajuato (6.9%) and Baja California (6.6%) concentrated the largest share of the manufacturing Gross Domestic Product (GDP) .

Meanwhile, Mexico City took the national lead for the first time in Foreign Direct Investment (FDI) in the secondary sector, that is, the industrial sector, with an annual average of 16.7 billion dollars (USD) , while Nuevo León remained at 11.7 billion USD .

Manufacturing exports continue to be concentrated in Chihuahua, Coahuila, Baja California, Nuevo León, and Tamaulipas—which together account for more than 53% of the national total. Jalisco, Sonora, Guanajuato, and San Luis Potosí show relative improvements in intermediate positions.

Among the conclusions of the analysis, FINSA noted that global conflicts, as well as trade tensions between the United States and China, have accelerated the transition to regional supply chains, where resilience, proximity, and logistical security are becoming key factors.

In this scenario, Mexico maintains a privileged strategic position as the main trading partner of the United States and as a natural platform for productive integration in North America.

“The coming years will be crucial for more regions of the country to capitalize on these trends. Mexico has a historic window of opportunity to consolidate a balanced and competitive industrial policy aligned with the challenges of sustainability, innovation, and logistical security imposed by the new global order,” highlighted IDI 2025.

However, the opportunities arising from nearshoring (relocation of production lines), manufacturing expansion, and technological transformation are being captured unevenly across regions, deepening differences in infrastructure, talent, sustainability, and security.

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Figures released Friday show that consumer confidence fell again in the third month of this year, marking a five-month decline , reflecting a decline in households’ overall perception of their economic situation and that of the country.

The Inegi report also indicated that, in its annual comparison and with seasonally adjusted figures, the ICC registered an annual drop of  1.3 units .

“Within the framework, monthly decreases were observed in the components that capture the expected economic situation of household members, as well as in those corresponding to the country’s current and future economic situation. Meanwhile, the indicators that assess the current economic situation of household members and the current ability of household members to purchase durable goods remained at a similar level to the previous month,” the agency stated.

In March 2025, the component that measures the current economic situation of household members compared to 12 months ago decreased by  1.3 pointscompared to the third month of 2024.

Meanwhile, the expected economic situation of household members in 12 months, compared to the current situation, decreased by 1.8 points  annually. The country’s economic situation today, compared to 12 months ago, fell by  2 points annually during March of this year.

Meanwhile, the component that measures the country’s expected economic situation in 12 months, relative to the current situation, decreased by 1.6 units  compared to March 2024.

Regarding household members’ current purchasing possibilities for furniture, televisions, washing machines, and other household appliances, compared to a year ago, the figure remained unchanged from the third month of last year.

The new US administration, led by  Donald Trump , and the uncertainty generated by the string of tariffs imposed by the United States, have contributed to the decline in consumer confidence in March.

According to the financial institution Banamex , lower domestic consumption in the coming months could be one of the consequences of Trump’s tariffs, which are expected to be inflationary .

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