Querétaro Attracts US$863.4 Million in FDI in the First Half of the Year

In the first half of 2026, the state received US$863.4 million in Foreign Direct Investment (FDI), down 11% compared to the same period in 2025, when the figure rose to US$970.3 million, according to the Ministry of Economy (SE).

FDI in the first half of the year was driven by the reinvestment of profits and new investments, offsetting the negative value of foreign direct investment resulting from intercompany transactions.

Querétaro was one of the 15 states that saw a year-over-year decline in foreign direct investment, while at the national level, it grew by 2.1% during the same period.

The reinvestment of profits has been the biggest driver of FDI in the first half of the year, totaling $929.8 million—a 34% increase over the $694.1 million recorded in the first half of the previous year.

FDI from new investments increased by US$410.5 million in the first half of 2026, which is 2.5 times more than the US$158.7 million accumulated in the first half of 2025. After Baja California Sur, Querétaro was the state with the second-highest level of investment.

Intercompany transactions showed a negative balance of US$-476.8 million. Growth in reinvestment and new investments mitigated the decline in this segment.

The 11% decline in FDI in Querétaro is accentuated by the lower flow of investments from the state’s largest investors: the United States, Spain, Germany, and other sources. Added to this is the uncertainty generated by the review process of the United States-Mexico-Canada Agreement (USMCA).