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Chemical industry contributes 39% of Foreign Direct Investment in Queretaro
El Economista | July 26, 2023 |

The chemical industry attracted 123 million dollars of Foreign Direct Investment (FDI) in the first quarter of 2023, positioning itself as the main component of the manufacturing investment that the entity received in that period, says the Ministry of Economy (SE).

Therefore, the chemical industry contributed 38.9% of the FDI of the manufacturing industry, which in the first quarter of the year was 316.5 million dollars. Transportation equipment contributed 19.2% of the state's manufacturing investment, moving to the second place of contribution.

They are followed by: the food industry, which participates in 14.1% of the investment in manufacturing, the manufacture of machinery and equipment with 13.2%, the manufacture of metal products with 7.4%, among the main ones.

See also: Industrial demand in Chihuahua causes vacancy to drop to record lows

The investment that the chemical sector monopolized in the first quarter of 2023 is the highest in the last six quarters, surpassing the third quarter of 2021 when it received 123.6 million dollars. The balance of the first quarter of the current year represents an increase of 72% in relation to the 71.5 million dollars that the chemical industry received in the first quarter of 2022 (71.5 million dollars).

The FDI of this industry, which the entity captured from January to March 2023, represents 9.1% of the investment that the country received in this area and which totaled 1,348.6 million dollars.

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In the entity, investment in the chemical sector is made up of the pharmaceutical product manufacturing subsectors, as well as the manufacturing of paints, coatings and adhesives.

According to the accumulated data since 2006, the chemical industry is positioned as the second component of manufacturing investment, only surpassed by the manufacture of transportation equipment, which contributes 3,725.9 million dollars, 37.4% of manufacturing investment.

In Solili you can consult industrial warehouses available in Guanajuato and San Luis Potosí

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