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.
🌟 Supporting the Future! 🌟
At PIMSA, we are proud to contribute to the development of a student through COMITÉ DE VINCULACIÓN DE MEXICALI. We believe in their potential and the importance of investing in education. 📚✨
Together, we build a brighter future for the next generation! 💪
Last week at NOV, as part of the celebrations for the 40th anniversary, the “100 Cachanillas Said” activity took place. This fun event brought together different teams from the company, strengthening the spirit of collaboration. At PIMSA, we recognize and celebrate the effort and dedication of all NOV employees, who have been fundamental to its success. Congratulations on these 40 years, and may you continue to achieve great accomplishments! 🎉👷🏻♂️👷🏾♀️🏆
#PIMSAFamily #NOVMexicali #Teamwork #Celebration
We celebrated with TT Electronics the inauguration of their new solar panel project in Mexicali. 💙🌱✨ This represents a significant step forward on our path to sustainability and reflects the commitment that both companies share towards clean development and innovation.
We are honored to be part of this project continuing to evolve towards a greener future. Congratulations to TT Electronics/BI Technologies team on this achievement! ⚡️👏🏻💡
For more information visit: https://www.ttelectronics.com/
Today, we continue to advance two joint projects between PIMSA and the 24th City Council, focusing on security and sustainability. In an era when sustainability is a global priority, we recognize that every action counts. Therefore, the donation of these two hybrid patrol cars is designed not only to enhance security operations but also to reduce environmental impact, reaffirming our commitment to greener and more sustainable development. This initiative is part of our company’s decarbonization program and aligns with our sustainable construction projects, such as building industrial facilities with LEED certification. This approach includes measures like energy efficiency, solar panel installation, LED lighting, and water conservation and reuse in our buildings and industrial parks, among others. I want to highlight that the other two patrol cars donated by PIMSA to the Public Security Directorate three years ago will today be given to DARE in perfect operational condition.
This event showcases the commitment and social responsibility that PIMSA has demonstrated throughout nearly 58 years in Mexicali. These values are the foundation of our corporate culture, which we proudly maintain within our community. Thank you for joining us at this significant moment.
Additionally, it’s important to note that the estimated investment for PIMSA VIII Park, where we are located, will exceed $80 million over the next 6 years. This investment will undoubtedly bring substantial benefits to our city, creating well-paying jobs and fostering sustainable economic development. To achieve these goals, it is essential for us to continue collaborating with the three fundamental pillars of any society: citizens, private initiative, and government.
We extend our gratitude to the 24th City Council for its ongoing dedication and effort towards our community’s security and well-being. We believe this collaboration between the private and public sectors is crucial to tackling current challenges and building a safer, more sustainable environment. I would also like to congratulate the Firefighters on their day and extend special thanks to the Heroic Fire Department and the Public Security Directorate of Mexicali for their support, particularly their work in recent months during various incidents in our city. Additionally, we appreciate the support provided to the industrial sector on competitiveness issues.
Our goal is to showcase Mexicali, Mexico’s top aerospace hub, and explore new business opportunities.🌍✈️
Come visit us at the Mexico Pavilion in Hall 3 Booth 3320.
#farnborough2024 #industrialdevelopment #aerospace
We are excited to be at Farnborough, connecting with industry leaders and showcasing the prime opportunities our industrial parks in Mexicali offer. Our facilities are ready to welcome businesses looking to expand and invest in a thriving region. Thank you to everyone who visited our booth and engaged in insightful discussions. We look forward to fostering strong partnerships and welcoming new investors to Mexicali!
Excited to be in London, UK, for Day 1 of the Farnborough International Airshow 2024, the ultimate gathering for the aerospace industry! 🌍✈️
Our mission is to highlight Mexicali, Mexico’s leading aerospace hub, and to discover new business opportunities.
Visit us at the Mexico Pavilion in Hall 3 – Booth 3320, from July 22nd to 26th.
Let’s innovate the future of aerospace together!
We’re excited to be part of this premier aerospace event.
Discover our latest innovations in industrial warehouses and explore how we can help you take your business to the next level in aerospace excellence.
📅 Date: July 22-26, 2024
📍 Location: Mexican Pavilion, Hall 3 Booth #3320
✉️ Contact: vrocchio@pimsa.com.mx
#PIMSA #FarnboroughAirshow2024 #AerospaceInnovation #IndustrialWarehouses #ExcellenceInAviation
