admin News Automotive Industry, Exports, Foreign Trade, USMCA 0
During the first two months of the year, Mexico solidified its role as the United States’ primary trading partner, outpacing trade giants like China and Canada. Mexican exports to the US saw an impressive growth, reaching a record-breaking $78.287 billion between January and February. This surge represents a significant 7.7% increase compared to the same […]
admin News Automotive Industry, Economic Growth, Foreign Trade, Mexican Ports, TMAZ 0
Terminal Marítima Mazatlán (TMAZ) has achieved a prominent position as the second automotive port operator on the Mexican Pacific coast, thanks to its strategic negotiations with major Chinese automotive companies. One of the most significant collaborations has been with Chery Automobile Co. Ltd., known in Mexico as Chirey, making TMAZ one of its main clients […]
admin News Automotive Industry, Foreign Trade, Mexico Economy, USMCA 0
The U.S. Department of Commerce reveals that Mexico has strengthened its position as the leading supplier of auto parts to the U.S. market. During the first two months of 2024, Mexico achieved a 42.5% share in total U.S. imports, a significant increase from the 38.2% recorded six years ago. This growth is partly attributed to […]
admin News Automotive Industry, Foreign Trade, Imports and exports, Ports 0
During the first month of 2024, Mexican ports experienced a decrease in the operation of new automobiles, especially in Veracruz and Lázaro Cárdenas, two key ports for the automotive industry in the country. Although a total of 170,118 units were handled, 1.6% less than in January 2023, exports suffered a 3.1% decrease, while imports increased […]
admin News Automotive Industry, Economic Growth, Foreign Trade, Nearshoring 0
Barclays’ chief economist, Gabriel Casillas, highlights the significant impact of nearshoring on Mexico’s GDP. Entrepreneurs and developers are opting for local bank loans to build industrial parks, indicating strong interest in this strategy. Nearshoring, a response to deglobalization driven by geopolitical events, involves the relocation of multinational production lines to protect their business operations. This […]
admin News Auto Exports, Automotive Industry, Foreign Trade, SUVs and Pick-ups 0
The export of cars produced in Mexico has reached a level not seen since 2011, as stated by Odracir Barquera, CEO of the Mexican Automotive Industry Association (AMIA). In 2023, Mexico exported 3,300,876 automobiles, with SUVs and pick-ups leading the way, accounting for 81.5% of automotive exports. Specifically, 54.4% were SUVs and 27.1% were pick-ups. […]
admin News Agroalimentary Exports, Automotive Industry, Exports, Foreign Trade 0
The establishment of a working group between Jalisco and Portugal aims to boost investment and exports, with a focus on collaboration in sectors such as agro-industry, automotive parts, and high technology. Miguel Ángel Landeros, president of COMCE Occidente, highlights Portugal’s interest in Jalisco’s relationship with the United States and Canada, seeing opportunities in supply chains […]
admin News Automotive Industry, Foreign Trade, Free Trade Agreement, Zero Tariffs 0
The recent news of the extension of zero tariffs between the United Kingdom and Mexico until the conclusion of negotiations for a free trade agreement has provided stability and certainty for businesses trading between the two nations. This agreement, effective from January 1, 2024, expands rules of origin and prevents previously negotiated provisions from expiring. […]
admin News Automotive Industry, Foreign Trade, Heavy Vehicles, Wholesale and Retail Sales 0
In September 2023, the 11 companies in the heavy vehicle industry in Mexico sold 4,460 heavy vehicles at retail and 4,581 at wholesale in the domestic market. During the first nine months of the year, the heavy vehicle industry in Mexico experienced significant growth, with a production of 168,074 heavy vehicles, representing a 14.51% increase […]
admin News Automotive Industry, Car Production, Foreign Trade, US Strike 0
The ongoing strike in more than 40 American plants, including those of Ford, GM, and Stellantis, does not significantly impact the availability of these brands’ cars in Mexico, according to Cristina Vázquez, Coordinator of Economic Studies at the Mexican Association of Automotive Distributors (AMDA). In the Mexican market, sales of Ford, GM, and Stellantis cars […]