Foreign direct investment (FDI) received by Querétaro in the first quarter was driven by capital from three countries: the United States, Germany, and Italy.

US investment totaled $110.1 million between January and March 2025, representing 36.5% of the $302 million in FDI the state received during that period, according to the Ministry of Economy (SE).

Querétaro received $302 million in foreign investment.

Although the United States was the main source of FDI to the state, investment from that source decreased by 55.8% compared to the same quarter of the previous year.

German investment was the second largest in the first quarter of the year, representing $83.8 million, or 27.7% of the total FDI flow.

Like US capital, German capital showed a negative variation of -45.6% compared to the first quarter of the previous year.

Meanwhile, the third-largest investor was Italy, which accumulated $37.8 million during the first quarter of the year, representing 12.5% of the total.

In fourth place was Canada, which recorded direct investment of $24.5 million, contributing 8.1% of the total investment attracted by the state.

Japan also recorded FDI in the state, contributing $10 million in the first three months of the year (3.3% of the total).

Similarly, with visible records, there were Brazil, which added $7.6 million (2.5%) and the Netherlands, with $4.3 million (1.4%), among other countries that reported FDI confidentially.

Thus, the state of Querétaro accumulated a total of $302 million in foreign direct investment in the first quarter of 2025; this amount represented a 53.6% reduction compared to the same period in 2024, when it reached $651.3 million.

Querétaro has accumulated investment announcements totaling $697 million.
This decrease was due to the decline in both profit reinvestment and intercompany accounts, while new investments gained ground.

The $302 million in FDI represented 85.1% of profit reinvestment, 7.7% of intercompany accounts, and 7.2% of new investments.

From 2006 to the first quarter of 2025, the state accumulated $18,663.8 million in FDI; Of that amount, the United States contributed $4.91 billion, almost 26.3 percent.

Canada followed with $2.97 billion (16 percent); Spain with $2.50 billion (13.4 percent); and Germany with $1.72 billion (9.3 percent). They are the only four countries with total contributions above $1 billion.

Therefore, with amounts under $1 billion and also among the top 10 investors, Brazil, France, Japan, Switzerland, the Netherlands, and the Republic of Korea follow.

Source: eleconomista