Mexico attracts US $3.7B in Spanish investment in Q1 2025 following record 2024

With caller diplomatic difficulties starting to fade, Spanish overseas nonstop concern (FDI) successful Mexico roseate 69% successful 2024 compared to 2023 and continues to rise, according to data from the Spanish Chamber of Commerce successful Mexico (Camescom). 

Mexico was the 3rd top recipient of Spanish overseas concern successful 2024, with Spanish firms investing €3.3 cardinal (US$3.86 billion) successful the Mexican market. This was the largest concern since 2018, erstwhile Spain invested €5.5 cardinal ($6.44 billion) successful Mexico. 

Just implicit 72%, oregon €2.2 cardinal ($2.58 billion), of the 2024 Spanish concern successful Mexico went to the fiscal services sector. 

Spain has 2,300 companies operating successful Mexico, supporting implicit 500,000 indirect jobs countrywide. Meanwhile, Mexico is the sixth-largest capitalist successful Spain, contributing 50% of Latin American concern successful the country.  

A Camescom survey of Spanish companies operating successful Mexico revealed that 75% of firms spot the concern clime arsenic good, 39% person seen improvements compared to past year, and 54% comprehend it arsenic stable. However, 32% of companies highlighted concerns implicit the speech rate. 

“Despite each the noise, wars, tariffs and interior Mexican governmental issues, I’m seeing the aforesaid appetite for Mexico, and the bully happening is that the numbers enactment this perception,” said Jordi Peixó Marco, the Spanish slope Santander’s executive manager of planetary concern and agribusiness successful the tiny and medium-sized endeavor and commercialized banking segments.

Camescom’s president, Antonio Basagoiti, points to the crisp emergence successful Spanish concern successful Mexico arsenic confirmation that the 2 nations person a beardown commercialized relationship: “the figures bespeak a existent committedness and shared development.” (@camescommx/X)

Just successful the archetypal 4th of 2025, Spain has invested implicit €3.2 cardinal ($3.758 billion) successful Mexico, accounting for 15% of Spain’s full FDI, according to Camescom’s president, Antonio Basagoiti. 

“Despite the planetary challenges, the figures bespeak a existent committedness and shared development,” said Basagoiti. 

Diplomatic relations are improving

In 2022, erstwhile Mexican President Andrés Manuel López Obrador called for a intermission connected diplomatic relations betwixt Mexico and Spain aft Spanish King Felipe VI refused to contented a nationalist apology for the Conquest, a determination that President Claudia Sheinbaum upheld.  

On Monday, the Spanish ambassador to Mexico, Juan Duarte Cuadrado, met with Gerardo Fernández Noroña, president of the Mexican Senate, to petition the resumption of the Mexico-Spain Binational Commission, a gathering to beforehand associated agendas successful areas similar trade, concern and culture. 

“Although we inactive person a escaped extremity to resolve, from my presumption arsenic ambassador, I person been moving for astir 3 years to creaseless retired these insignificant difficulties, and I americium convinced that we tin determination guardant successful this last stretch,” Duarte said during the meeting.

During an interrogation aft the meeting, Fernández Noroña was asked if the intermission successful relations had efficaciously been overcome. 

“We are funny successful overcoming immoderate differences determination whitethorn beryllium and strengthening our ties,” helium said.

With reports from Milenio, El Financiero and Reuters