The National Auto Parts Industry (INA) announced that the auto parts sector has positioned itself as the main recipient of investments in Mexico due to nearshoring and that investments for 15 billion dollars have been announced for 2023.
This relocation of investments corresponds to 37% of auto parts manufacturing, 18% furniture, 15% machinery and tools, another 15% electronics and appliances, 8% High-Tech, 5% pharmaceuticals, 1% plastics, and 1% others. With the auto parts industry being the main recipient of nearshoring
40% of the total relocation of plants or investments in our country corresponds to Chinese origin, 20% is of U.S. origin, 11% from Japan, 9% from Germany, South Korea with 8%, Sweden 5% and Ireland with 1%; while Malaysia, France, Denmark and Italy less than 1%.
investment announcements for the automotive sector amount to 15 billion dollars, mainly for the manufacture of lithium batteries, chassis, transmissions, interiors, rims, molds and tooling. In addition, for electrical components, plastic injection parts, engine parts and for the expansion of production lines.
Auto parts production in North America will place Mexico as one of the world's leading producers in 2022.
More than 275 billion dollars in auto parts manufacturing in the United States, 107 billion dollars in Mexico and more than 31 billion dollars in Canada, which places us as a power as the main auto parts manufacturers, we are called the T-MEC block.
Regarding auto parts production by state, the state of Coahuila tops the list with 16.3%, followed by Chihuahua with 12.2%; Nuevo Leon with 11.6%; Tamaulipas with 6%; Baja California 2.9% and Sonora 2.9% for a total of 51.9%.
The auto parts sector continues with a positive balance for Mexico; 21 percent of the value of a car manufactured in the United States is Mexican.
Mexico consolidates its position as the main auto parts supplier to the United States derived from various factors such as compliance with T-MEC rules, the U.S.-China trade war, among others.
Source: Somos Industria
