Chihuahua and Sonora rebound in first quarter

Of all the northern border states in Mexico, only Chihuahua and Sonora saw a significant rebound in Foreign Direct Investment (FDI) in the first quarter of 2021.

Based on statistics put out by the federal government statistics, Sonora saw investments increase by up to 155.52% at annual rate, and Chihuahua recorded a growth of 46.50%.

From the start of January to the end of March 2020, Chihuahua recorded foreign investments worth over US$315.14 million. During the same quarter in 2021, the value of investment has risen to US$514.9 million.

The government’ data also revealed the decline experienced in some states. For example, Baja California fell by 59.85%; Coahuila by 6.06%, Nuevo León by 31.85%, and in Tamaulipas by 22.94%.

Although analysts laud Chihuahua’s rebound, the figures are still behind those recorded far back as 2017, 2018 and 2019, when the state accrued over US$602.5 million, US$556.3 million and US$571.1 respectively.