Spain, Ireland and the Netherlands were among the top nations investing the most in the United States last year, while China failed to crack the top 10, according to the latest figures published by the U.S. Department of Commerce.
The data released by the department’s Bureau of Economic Analysis showed multi-billion dollar foreign direct investments (FDI) in the U.S. from leading economies around the world in 2016.
The U.K. ($598.3 billion) led the way, followed by Canada ($453.6 billion), Japan ($424.3 billion), and Germany ($372.8 billion).
However, perhaps surprisingly, the world’s second largest economy slumped just outside the 10 leading investors. China pumped $58.2 billion into America last year, almost five times less than Ireland ($279.6 billion).
France ($267.6 billion), Switzerland ($196.6 billion), the Netherlands ($191.9 billion), Singapore ($73.7 billion) and Spain ($67.2 billion) completed the top 10 in America last year.
In June, data from the Organization for International Investment showed FDI had more than held up under the Trump administration. The U.S. recorded $83.6 billion in new inflows for the first three months of 2017, up 62 percent when compared to the last quarter of 2016.
The U.S. manufacturing sector continued to be the most prominent beneficiary of FDI last year, the data showed, amounting to 41 percent of the total investment from overseas.
Meanwhile, nearly 20 percent of the FDI went in to the banking, finance and insurance business, with around 10 percent going in to wholesale trade.
Here are the countries that invested the most in the US last year — and China didn't make the top 10