The Mexican Automotive Industry Association (AMIA) has announced a historic month for the production and export of light vehicles in Mexico. According to data from the National Institute of Statistics and Geography (INEGI), August 2024 registered 352,615 units produced, the highest number for an August month in the last six years, representing an 8.3% increase over 2023. In addition, in the first…
According to Baldwin Britton, chairman of CLELAC's Board of Directors and global CEO of Plastiexports, the export of home appliances is expected to grow from 100 to 120 million units per year by 2029, driven by the nearshoring boom.This trend reaffirms Mexico as the world's fifth largest producer of home appliances, with an estimated value of US$15.4 billion and projected growth of 3.6% annually…
Just as hybrid and electric vehicles (HEVs) in Mexico are increasingly positioning themselves in the consumer's preference, production is also gaining strength in the country. Among these, Coahuila, Hidalgo, Guanajuato and the State of Mexico are the states that serve as production centers for 11 models of the Ford, General Motors (GM), Toyota and JAC brands. Stellantis will soon join these…
Industrial growth in Saltillo and Ciudad Juarez is being driven by a series of economic and investment factors that have energized these regions in northern Mexico. Both cities are consolidating as strategic industrial development poles, with a strong demand for space, high occupancy rates and a constant flow of foreign investment. In the Saltillo metropolitan area, the manufacturing sector…
Join us on September 25th, 2024, from 10:00 AM to 12:20 PM EST (Toronto) / 4:00 PM to 6:20 PM CET (Italy) for a compelling webinar hosted by Machines Italia, the project of the Italian Trade Agency in North America. This event will examine the intersection of tradition and innovation, highlighting digitalization models in both Italian and Canadian manufacturing sectors.Webinar Highlights:…
The Port of Altamira in Tamaulipas registered a new commercial record in terms of vehicle imports and exports, with a movement of 385,034 units between January and July 2024, representing a daily average of more than 1,338.According to the statistical report of the National Port System Administration (Asipona) of Altamira, most of the vehicles arrived in the export process, with 280,488…
The auto parts industry in Mexico is a fundamental pillar in the growth and professionalization of the automotive sector, in addition to playing a crucial role in different markets in the country thanks to the generation of jobs. Its ability to innovate, adapt and grow in a competitive environment underscores its strategic importance and its contribution to the country's economic…
Mexico faces unique challenges and opportunities in the context of Nearshoring, a trend that seeks to bring production closer to consumption centers. This strategy does not simply involve moving factories from Asia to Mexico, but expanding capabilities in countries with existing infrastructure and geographic advantages. The public perception is that Mexico has not taken full advantage of…
Mexico's product exports grew at a year-on-year rate of 14.7% in July, to 54,788.6 million dollars, driven by manufacturing, Inegi reported on Tuesday.Imports amounted to US$54,860.5 million, an increase of 13.3%, leaving the country with a deficit of US$72 million in its trade balance.Mexico has developed its manufacturing sector with the dual objective of taking advantage of lower manufacturing…
Mexico's motorcycle auto parts industry plays a crucial role in the automotive supply chain. Auto parts manufacturers are responsible for producing essential components that ensure the operation and safety of motorcycles. Mexico has 30 assembly plants, mainly located in Jalisco, Estado de México and Querétaro, which are supported by a wide network of distributors and suppliers throughout the…