Foreign Direct Investment in Mexico Rises in 2025: Ebrard

showed a “positive surprise,” Ebrard stated during the conference led by President Claudia Sheinbaum.

Key Developments in Foreign Direct Investment by Q3 2025

• A 15% increase in total FDI compared to the same period in 2024.
• Extraordinary 218% growth in new investments, rising from 4.503 billion dollars to record levels.
• Dynamism in strategic sectors such as:
  • Manufacturing (37%)
  • Financial services (25%)
  • Construction (5%)
• Strengthened export environment, with a 48% increase between 2020 and 2024. Ebrard emphasized that this inflow comprises both reinvestments of established capital and fresh capital, an indicator reflecting business confidence: “The pace of foreign investment demonstrates that investors worldwide are deciding to bet on Mexico to a greater extent than we had anticipated.”

Where Does Investment Come From, and Which Sectors Drive It?

The Ministry of Economy published a report in recent months providing a detailed overview of FDI performance during the first two quarters of the year. Key figures for the first half of the year indicate that:

• Mexico attracted 34.265 billion dollars, a 10.2% increase compared to the same period in 2024.
• This performance marks a historical high for the fifth consecutive year, consolidating a long-term trend aligned with the relocation of production chains (nearshoring).
• The composition of FDI was distributed as follows:
  • 84.4% reinvestment of profits.
  • 9.2% new investments.
  • 6.4% intercompany accounts. While reinvestment showed a slight decline after several years of continuous growth, its share of the total remains dominant. In contrast, new investments soared by 246%, rising from 909 million dollars in 2024 to 3.149 billion dollars in 2025. This represents the largest growth recorded in 12 years.

Countries with the Highest Foreign Direct Investment in Mexico in 2025

In the analysis by country of origin, the United States remains the primary investment partner. However, the report revealed significant changes in the composition of foreign capital. These are the main findings:

• The United States accounted for 42.9% of total flows and increased its investments by 986 million dollars.
• Spain experienced an unprecedented rebound, rising from -219 million dollars in 2024 to 5.943 billion dollars in 2025.
• Canada reduced its participation by 657 million dollars.
• Germany also showed a decrease of 456 million dollars.
• Japan maintained constant levels.
• Together, the top five countries represented 73.3% of FDI in Mexico.

States Concentrating FDI

The geographical distribution of FDI also reveals structural trends in the country’s economic development:

• 79.2% of the total was concentrated in five federal entities.
• Mexico City leads significantly, with 56.4% of received investments.
• Capital directed to the capital increased from 14.184 billion to 19.312 billion dollars, a 36.2% rise.
• Nuevo León and the State of Mexico also showed increases of 31.6% each.
• Baja California, in contrast, experienced a 12.8% decline.

Manufacturing, Financial Services, and Construction Set the Nearshoring Trend

2025 reaffirms Mexico as an international hub for advanced manufacturing. Companies continue to integrate higher value-added processes, automation, and emerging technologies, strengthening the country’s competitiveness. FDI by sector was distributed as follows:

• 36% manufacturing (main driver of nearshoring).
• 26.7% financial services, driven by technology platforms and banking expansion.
• 7.6% construction, primarily industrial infrastructure.
• 7.2% mining, to supply global supply chains for auto parts, electromobility, and clean energy.

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