UPDATE 1-FDI to Mexico reaches record through Q3, economy minister says

Total foreign direct investment to Mexico in the first nine months of the year was up 15% from the same period in 2024, Economy Minister Marcelo Ebrard said on Wednesday, citing preliminary data. In a presentation at the president's morning press conference, Ebrard said FDI at the close of the third quarter was nearly $41 billion, which he said was a record amount.

Total foreign direct investment to Mexico in the first nine months of the year was up 15% from the same period in 2024, Economy Minister Marcelo Ebrard said on Wednesday, citing preliminary data.

In a presentation at the president's morning press conference, Ebrard said FDI at the close of the third quarter was nearly $41 billion, which he said was a record amount. Mexico's economy ministry reported FDI of $35.7 billion at the close of the third quarter last year and $36.9 billion for the full year. "All of the expectations were that we did not have growth of this size," Ebrard said. "It is very good news."

On again, off again tariffs on goods imported to the U.S. from Mexico, first announced late last year by U.S. President Donald Trump, have fueled uncertainty about Mexico's economy and trade relationships. Ebrard said the growth in FDI was driven by energy investments, followed by investments related to data centers, followed by infrastructure and financial investments respectively.