Over time, Baja California has cemented itself as one of Mexico’s most important economic engines, mainly due to its extreme proximity with the United States’ most economically relevant state, California. In addition to its geographical advantage, Baja California offers comfortable and secure infrastructure for foreign investors from around the world, making the region an industrial epicenter. As a result, Baja California’s export figures and FDI level has stood out nationally among other states.

Due to the stability and confidence that Baja California offers, the state ranks as the second most attractive state for foreign direct investment (FDI) and the third highest in exports in the country.

In a recent press conference, Baja California’s Secretary of Economy and Innovation announced that FDI attraction totaled 502.3 million USD during the second quarter of 2024, which brings this year’s grand total to the cumulative sum of 1.809 billion USD, according to figures obtained from the Federal Government’s Ministry of Economy. Said sum would represent approximately 5.8% of total FDI in Mexico during 2024, placing Baja California in third place among all states.

United States FDI figures once again ranked first among countries investing in Baja California, with almost 5 out of every 10 dollars invested, or 45.7% of the total. Japan ranked second with 42.4%, and Spain third with 8.2%, among 27 countries that invested in the state.

In regard to second quarter export figures, Baja California’s 14.351 billion USD represented a 10.3% share at a national level. It surpassed states such as Nuevo León, Tamaulipas, and Guanajuato, which ranked fourth, fifth, and sixth, respectively.

On the other hand, the report backed by INEGI highlights that Baja California’s computing equipment, communication devices, and other electronic devices exports reached 4.033 billion dollars in that sector, representing a 19.5% share in total national exports for said industry. In addition, Baja California also holds the fourth position in the export of electrical appliances and power generation equipment, with a 10.2% share, totaling over 882 million dollars in exports.

Said figures demonstrate Baja California’s productive capacity, its importance in the technology industry, and its relevance in the national context, positioning it as a fundamental pillar in Mexico’s economic growth.

As a closing note, Baja California’s governor reiterated the government’s commitment to attracting investments that honor the state’s ESG policies.

Sources:

https://www.uniradiobaja.com/sociedad/baja-california-segundo-estado-mas-inversion-extranjera-capto-segundo-trimestre-2024-sei-bc-n767607

https://mexicoindustry.com/noticia/baja-california-en-el-top-de-exportaciones-nacionales-con-14-351-mdd#:~:text=Baja%20California%20en%20el%20top%20de%20exportaciones%20nacionales%20con%2014%2C351%20mdd,-Inversiones%2C%20Econom%C3%ADa%20%26%20Infraestructura&text=Redacci%C3%B3n.&text=Durante%20el%20segundo%20trimestre%20del,del%2010.3%25%20a%20nivel%20nacional.