The fourth edition of the report Relocation monitoringdeveloped by Credit Suisse analysts, provided an update on the most relevant national news and data regarding this macrotrend.

It was found that, with regard to offshoring or offshoring, Mexico reported a 46% drop in foreign direct investment (FDI), mainly due to outflows from business-to-business accounts.

However, this does not obscure the long-term outlook, since the balance of new investments continues to increase by 25%, year-on-year.

Furthermore, during the last period it was noted that:

• In November, five manufacturing plants were announced, totaling $1.1 billion.
• Most of the new investments came from the automotive sector (78% of the amount revealed), but there are also other sectors expanding their activities in Mexico (such as electronics, with 13% of the amount).
• The biggest announcement was the BMW electric vehicle plant.

According to the president of the Mexican Association of Private Industrial Parks (AMPIP), The country has attracted between 75 and 100 Canadian, Chinese, Korean and Japanese companies that have established or expanded their activities in Mexico.

Despite less influential FDI data, Credit Suisse remains positive about the dynamics of industrial incometaking into account the lowest vacancies ever.

Regional banks, such as Banco del Bajío, indicate that local activities represent 5% of their credit portfolio.

Which states and countries conduct Nearshoring in Mexico?