Argentina’s Foreign Direct Investment (FDI) reaches highest level since 2012

INSUBCONTINENT EXCLUSIVE:
Argentina witnessed a remarkable surge in Foreign Direct Investment (FDI) in 2022, with a significant increase of 123.2 percent compared to
the previous year.The total FDI inflow reached US$15.408 billion, the highest level since 2012.The Economic Commission reported this
level since 2012
(Photo Internet reproduction)However, Brazil surpassed it, which secured the highest share with 40.7 percent, followed by Mexico with 17.3
percent, Chile with 9.3 percent, and Colombia with 7.5 percent.The ECLAC document highlighted that a majority of the FDI in Argentina was in
the form of company loans (57 percent), closely followed by reinvestment of profits (37 percent).Both categories received higher capital
compared to the previous year.The sectors attracting the most investment in Argentina were mining and quarrying, particularly associated
with lithium and copper, and the extraction of metalliferous minerals.Additionally, significant investments were directed toward computer
region.The region experienced a remarkable 55.2 percent year-on-year increase in FDI in 2022, with a total of US$224.579 billion entering
signals potential opportunities for further expansion in various sectors.