The National Auto Parts Industry (INA) pointed out in a recent press conference an increase of 15.09% in Foreign Direct Investment (FDI) in the auto parts sector in Mexico, reaching 1.634 billion dollars in the first half of 2024.

The main destinations for this investment in Mexico were the State of Mexico (16.95%), Chihuahua (13.59%), Querétaro (11.16%), Guanajuato (11.14%) and Coahuila (11.08%). Germany leads as the country of origin of FDI with a 47.3% share, followed by Japan (20.2%) and South Korea (11%), during the first half of 2024.

In addition, the cumulative total of FDI from 2006 to this period amounts to 37,304 million dollars. The main investor countries are the United States ($8,193 million), Japan ($8,110 million), and Germany ($7,801 million), highlighting the continued growth and attraction of significant investments that promote regional and national economic development.

The INA highlighted that the production of electrical parts experienced a growth of 19.66%, representing an increase of 7.67 percentage points over the previous month. This indicates the growing demand for technological innovations in our vehicles that require more advanced electrical systems.

Mexico continues to be the main auto parts supplier to the United States, with a 43% share. In the first half of 2024, auto parts exports reached 55.253 billion dollars, with the United States being the main destination with 87.4%. As for imports, Mexico received auto parts mainly from the United States (51.4%), China (14%), and Japan (6.5%).