USA is investing in 17 entities in Mexico

During the first half of 2026, despite the complex geopolitical landscape and the review of the USMCA, Foreign Direct Investment (FDI) from the United States in Mexico grew by 14.7% year-over-year, reaching US$16.8 million, according to data from the Ministry of Economy. This figure accounted for nearly half (48.2%) of the national total for the period, solidifying the United States’ position as the leading trading partner and investor in 17 states.

The highest flows of U.S. investment were concentrated primarily in hubs of significant industrial and economic development, such as Mexico City, Nuevo León, Baja California, Jalisco, the State of Mexico, and Baja California Sur. In addition, states such as Zacatecas saw extraordinary year-over-year increases of up to 26 times, while states such as Tabasco, Campeche, and Puebla managed to turn previous negative figures into positive ones.

Despite this positive momentum, the Bank of Mexico (Banxico) noted in its regional report that uncertainty stemming from U.S. trade policy and the annual reviews of the USMCA are factors that are having a cautious impact on investment decisions in the northern and central regions of the country.

However, it highlights that negotiations are still ongoing, which offers strategic opportunities for the relocation of production processes and the strengthening of global value chains. Spain emerged as the second-largest overall investor, leading in six states (such as Quintana Roo and Oaxaca). It was followed by Hong Kong and France, with two states each, as well as countries such as Canada, Brazil, the United Kingdom, Taiwan, and Japan, with U.S. investment concentrated in the commercial banking and automotive manufacturing sectors.