Mexico has positioned itself as a prime destination for Spanish capital, attracting $3.7 billion in investment during the first quarter of 2025 alone, according to data from the Spanish Chamber of Commerce in Mexico (Camescom).
This strong start follows a remarkable 2024, when Spanish foreign direct investment (FDI) in Mexico increased by 69% compared to the previous year, totaling $3.86 billion. The financial services sector received the largest share of this investment, accounting for 72% or approximately $2.58 billion.
Currently, 2,300 Spanish companies operate throughout Mexico, supporting more than 500,000 indirect jobs. A Camescom survey revealed that 75% of these firms view the investment climate positively, with 39% noting improvements over the previous year and 54% perceiving it as stable. However, 32% expressed concerns about exchange rate fluctuations.
The recent investment surge is notable despite diplomatic tensions between the two countries. In 2022, former President López Obrador called for a pause in diplomatic relations after Spain refused to issue a public apology for the Spanish Conquest.
Recent developments suggest these tensions may be easing. The Spanish ambassador to Mexico, Juan Duarte Cuadrado, recently met with Senate President Gerardo Fernández Noroña to request resumption of the Mexico-Spain Binational Commission, which addresses trade, investment, and cultural cooperation.
Investment Relations
- Mexico ranks as the third-largest recipient of Spanish foreign investment globally.
- Spain is Mexico’s sixth-largest investor.
- Spain contributes 50% of Latin American investment in the country.
For additional details, see the full article on the Mexico News Daily website.
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