In Mexico there are more than six thousand companies involved in manufacturing products for export, especially those who cover metal, plastic, chemical, textile and food industries.
In 2016, export manufacturing companies established in Mexico reached 303 thousand 831 million dollars in exports according to data from INEGI, in which are highlighted the manufacturers of machinery and equipment, electric devices and generation of energy, transportation equipment, chemical materials, computer and measurement equipment.
In Puebla, the manufacturing industry with the highest levels of export is automotive; while in Tlaxcala it is textile; and in the Estado de Mexico the leader is transportation equipment exports, followed by chemical materials.
The Mexican Association of Automotive Industry (AMIA) has given tentative results throughout the first half of the year including July, in which exports grew by 8.1% in the automotive sector.
A few examples are listed below to show leading companies in their own industry taking a lead role in exports:
- General Motors Company with over 466,910 units.
- FCA Mexico with 341,396 units.
- Volkswagen with 203,509 units.
Mexico has been for three years in a row in seventh place in vehicle production worldwide and first place in Latin America, surpassing Brazil with over a million units produced and exported. Mexico will this year set a new record for light and heavy vehicle exports.
In this sense, Mexican export companies play a very important role in the world economy. From increase in international trade, products made in Mexico have found new destinations for their sales, generating more currency cash flow from different sectors of the importing country and even the creation of international trade institutions. Examples of proud Mexican companies are: Macimex, Fandeli and Grupo Neolpharma.
MACIMEX is a company whose main role is cast and forged crankshafts for gasoline and diesel engines, brake systems, agricultural, marine and recreational industry. Both of their plants are capable of providing over two million crankshafts to be delivered in Asia, Europe, North and South America, totaling more than 50% of their production.
FANDELI is the only producer of coated abrasives in the country, can cover all demand regarding automotive industry, wood, metal-mechanic, plastic and construction industry, producing exports to more than 25 different countries including the biggest one, being the U.S.
Our team´s opinion
According to Carlos Loyola, Business Development Manager of Grupo Prodensa, Mexican manufacturers have an important opportunity with the current global economic stage. Grupo Prodensa has been involved in the manufacturing industry and economic development for more than 33 years, as an integral consulting firm that supports manufacturers in different areas of their daily operation.
Carlos commented “All over Mexico, there are success stories of Mexican manufacturers being able to consolidate themselves and becoming important suppliers of the manufacturing industry. But still, we see many more opportunities in the supply chain of the manufacturing industry for the development of more Mexican suppliers, so we should push harder and define more strategies in order to support and facilitate more success stories like these.
With the changes that the NAFTA renegotiation may bring, especially regarding the rules of origin, which will require more value added in NAFTA territory, Mexican manufacturers have the opportunity of playing a larger role in the supply chain of the manufacturing industry.”
Source: Mexico Industry