The United Nations Conference on Trade and Development (UNCTAD) based in Geneva, Switzerland publishes the World Investment Report each year. This report offers a comprehensive review of flow of funds between countries called Foreign Direct Investment (FDI), industries attracting major investments, developed vs emerging and transition economies, etc. One section of the report that I have posted in the past is the top 100 firms in the three types of economies. The following list is from the 2023 report.
The World’s Top 100 Non-Financial MNEs from Developing and Transition Economies based on Foreign Assets in 2021 are listed in the table below:
Source: World Investment Report 2023, UNCTAD
A few observations:
- More than half of the companies listed above are from China (incl. Hong Kong)
- Mexico has just 5 firms represented in this list and Brazil even lower with only 2 firms.
- Taiwan is represented by 7 firms mostly from the tech hardware sector. Foxconn (Hon Hai Precision Industries) has significant assets in foreign countries and is ranked among the top five.
- Oil and natural gas companies have major investments in neighboring and other countries and hence take up 15 spots in this list.
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Disclosure: No Positions
