Spain-Mexico trade hits record levels

The economic relationship between Spain and Mexico is strengthening, with record figures for direct investment exceeding US$116.657 billion in cumulative bilateral flows, according to data from the Foreign Investment Registry released by the Spanish Economic and Commercial Office in Mexico for 2024.

The stock of foreign direct investment in Spain stands at US$73.255 billion, with a direct impact on more than 2 million jobs—equivalent to nearly 10% of the national total.

Thus, Mexico ranks as the sixth-largest investor in Spain, with US$40.536 billion, consolidating its presence in sectors such as manufacturing, energy, trade, and financial services.

Conversely, Spanish investment abroad approaches US$758.273 billion, reflecting the strong internationalization of its companies; Mexico stands out as the third-largest global destination for this investment, with a total of US$80.319 billion, trailing only the United States and the United Kingdom.

The presence of Mexican capital in Spain is evidence of a business expansion strategy toward Europe, with significant participation in high-value-added sectors. This dynamic strengthens a complementary and balanced economic relationship, where both economies reap benefits in terms of employment, innovation, and competitiveness.