The Mexican Business Council for Foreign Trade, Investment and Technology (COMCE) announced that this year Mexico reached unprecedented positions in the country's recent history, rising to ninth position in both global exports and destination of foreign direct investment (FDI), which places Mexico as a leader in the international economic landscape.

According to COMCE, the international economic engine that the country offers for business and international trade will allow 2024 to culminate as a year with 3% growth in exports and 8% growth in FDI, compared to the previous year.

COMCE explained that, according to data from the Ministry of Economy, in the period January to March 2024, FDI in Mexico reached 20.313 billion dollars, distributed in intercompany accounts (98.6 million dollars), new investments (599 million dollars) and reinvestment of profits (19.615 million dollars).

Sergio Contreras, Executive Vice President of COMCE, pointed out that this is a historic moment for Mexico in the area of international trade and investment, thanks to nearshoring.

In terms of foreign direct investment, COMCE projections indicate that Mexico could reach a resource inflow of $39 billion by the end of 2024. This capital inflow underscores the confidence and commitment of international investors in Mexico's economic potential and stability, especially in the context of nearshoring.

Similarly, COMCE's expectations for exports also indicate growth, with a projection to reach $610 billion by 2024, a record figure in the history of the indicator. This significant increase in exports is mainly due to the dynamism of the manufacturing sector, especially the automotive and auto parts industry.