New foreign direct investment (FDI) in Baja California continued its downward spiral in the first quarter of 2026, according to revised figures from the National Registry of Foreign Investment of the Ministry of Economy. Initially, new investment, which represented approximately 10 percent of the total of $1.345 billion, fell to just 3.1 percent, or a mere $43.7 million.
This figure represents a 51.3 percent drop compared to the same period in 2025, as documented by the federal agency, the only one authorized to release this information. Meanwhile, reinvestment of profits (by companies already operating in the state) surged to $835.7 million, accounting for 59.9 percent of the total, while intercompany accounts, totaling $551 million, represented 36.9 percent of the total. Important considerations: 1. Reinvestment of Profits: This refers to the portion of profits not distributed as dividends, which is considered FDI because it represents an increase in the capital resources owned by the foreign investor. These companies are already established in the State. 2. Intercompany Accounts: These are transactions arising from debts between Mexican companies with FDI in their share capital and other related companies residing abroad. According to BD4, related companies are those belonging to the same corporate group. In other words, these are internal transactions between companies already established in the State.
Source: tribunaeconomica
