Mexican States take advantage of the export boom

Exportador

Mexico States benefiting from the export boom, thanks to the growth of the sectors automotive, aerospace, and electronics.

States that have benefited exports are: Baja California, Chihuahua, Coahuila and Nuevo León, Campeche benefiting from the export boom.

Mexico City, May 19, 2015.-Mexico is the fifteenth largest economy in the world and occupy the same place as a global exporter, only Mexico shopping boom is concentrated in five entities: Baja California, Campeche, Chihuahua, Coahuila and Nuevo Leon, and the National Institute of statistics and geography (Inegi) said it.

Mexico is one of the 20 most attractive countries for foreign investment; commercial activity is centred in a few industries, whose products have a local content of 35% on average, according to Government estimates.

With the Ministry of Economy data, reveal that Mexican exports are concentrated in the automobile, electronic, electrical and aerospace segments, and mostly succeeded in its development under the maquila plan.

Mexico should further work on issues of development, innovation and technological design so that it can take off in the different economic areas for business growth.

It is also necessary to learn about schemes carried out South Korea in the 1990s that being a country assembler became an innovative economy which already positioned its companies such as LG and Samsung.

“There is a great work to be done to make Mexicans who develop patents and built the large micro-components, so that you do not pass us what happens with China, that even though they made cell phones only remain with six dollars of the price that is sold, while the German firm that designed them receives 30 dollars,” said the President of the Confederation of Industrial Chambers (Concamin) , Manuel Herrera Vega.

Mostly, the country imported intermediate goods such as parts and components from different countries such as United States and Asians as China.

National value-added for the manufacture of equipment of transport (cars) is 32.4%, electronics, 14.3%, and electrical equipment, 7.4%, according to the study prepared by CEPAL.

For the federal Government, on average in Mexico the added value is 35% of which is exported, “a quantum leap from what happened 30 years ago with the auto Decree, whereby we assemble only parts and not we participated in the design and incorporation of value”, explained the Secretary of economy, Ildefonso Guajardo.

Currently, there are 5.1 million economic units in the country, of which 37 thousand (0.7%) are dedicated to export.

Manufacturing exports generate 30% of the GDP of Mexico, of which entities benefiting in that activity are: Chihuahua, Coahuila, Baja California, Campeche and Nuevo León, which depend on the manufacturing orders of United States. In the particular case of Campeche, oil exports are the main source of sales abroad.

Mexican Business Web

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