At the end of 2024, Baja California was positioned as the third state that attracted the most Foreign Direct Investment (FDI), with 2,479 million dollars, thanks to investments from companies such as Paccar, Toyota and RIU. Thus, the entity was only behind Mexico City and the State of Mexico, according to the report of the federal Ministry of Economy.
However, it is unknown how much of the FDI captured in Baja California corresponds to new investment, reinvestment of profits and accounts between companies, since the information by federal entity is not available. The latest official data as of September 2024 indicates that of the 1,998.3 million dollars that had been received until then, only 65.6 was new investment; 770.4, reinvestments; and 1,162.3 to accounts between companies.
Regarding the global figures released, Governor Marina del Pilar Ávila Olmeda highlighted that the FDI captured by Baja California represents 6.7% of the country’s total and reiterated her commitment to “create better conditions and attract investments with greater technological content that generate better-paid jobs.”
As well as promoting productive infrastructure such as water management projects, energy generation with the new CFE plants and the development of talent in alliance with educational institutions, in order to bring more investment to the state.
Last year, 36,872 million dollars of FDI were captured nationwide; a figure higher than that reported in 2023, of 36.1 billion dollars, according to data from the Ministry of Economy.
Despite this, new investments would represent 8.6% of total FDI. This is the lowest level since records began in 2007. In this regard, the director of Economic Analysis at Grupo Financiero Base, Gabriela Siller Pagaza, highlighted the data and said: “Nearshoring is a real opportunity, but in Mexico it is being wasted.”
The collapse of FDI in the fourth quarter of the year, despite the opportunity of nearshoring, and highlighted that for the fifth consecutive year in 2024 there was capital outflow, for 7,567.16 million dollars.
“In five years, the outflow of portfolio capital amounts to 75,834.58 million dollars,” most of that outflow occurred in 2020 and 2021, the specialist pointed out in her account on the social network X.
45% of the FDI received in our country came from the United States, 12% from Japan; 10% from Germany; 9% from Canada and 5% from the Netherlands. Most of the exports were concentrated in manufacturing industries: transportation equipment, beverages and tobacco, computer equipment, chemicals and basic metals, according to a bulletin from the Ministry of Economy.
Source: zetatijuana
