Nuevo Leon is Mexico’s leading destination for Foreign Direct Investment in 2020
Monterrey, NL. With a 12% share of the total Foreign Direct Investment captured in Mexico, the state generated an investment flow of 3,366.5 million dollars during 2020.
The sectors that presented the greatest dynamism in 2020 were manufacturing industries, commerce, and financial and insurance services, representing 73%, 9% and 7% respectively.
Within the manufacturing sector, the subsectors with the highest participation were equipment and transportation manufacturing (65%), basic metal industries (12%), and non-metallic mineral product manufacturing (7%).
It is worth noting that the origin of the investment came from the United States with 57%, followed by South Korea with 11% and Argentina with 9%.
Nuevo Leon’s Secretary of Economy and Labor, Roberto Russildi Montellano, detailed that these results are a product of the favorable conditions for investment that Nuevo Leon has, as well as the strategy that has been maintained for the timely reopening of the economy in the face of the pandemic that affects all countries.
“Last year Nuevo León attracted 8% more FDI compared to 2019, this figure is even more relevant considering the health contingency that persisted during 2020 in Mexico and the world, and where the United Nations Conference on Trade and Development (UNCTAD) predicted that global flows would decrease by up to 40% at the close of this year.”