Photo credit: Corona Extra by YEAH!!! Design
Ministry of Economy announced that, during first six months of 2013, direct foreign investment in Mexico (FDI) soared 2.5 times in respect to the same period of 2012, reaching a historic record of $23.8 Billion USD.
FDI was 58% for new investments, 24% for profit re-investments and 18% for inter-companies operations.
By sector FDI was: 83% in manufacturing; 8% in trade; 3% in construction; 2% in professional, scientific and technical; and 2% in transport, courier and storage. Remaining 2% to diverse.
By country was: 56% from Belgium, 23% from USA, 4% from UK, 4% from Japan and 4% from Netherlands; remaining 9% was disperse between 55 countries.
The unusual soar resulted from the AB Inbev-Modelo purchase. However, if this operation is taken off from the FDI number, there is still an increase of $11.5 Billion USD (10% increase).
With these numbers, Mexico confirm its appeal to international investors, but also shows interest of international corporations to merge Mexican-made enterprises. Will second have another merger on Mexican company and show higher numbers?