Mexican economy is diversified, including high-tech industries, oil production, mineral exploitation and manufacturing. The industrial sector employs 26% of the workforce and represents nearly 30.9% of the country’s GDP, according to the World Bank.
USMCA and the border connection with the US makes the Mexican economy highly dependent in the US. With around 80% of Mexican trade going to its neighbor, it is easy to see hoy this could become a significant risk to the Mexico economy.
At the same time, however, this becomes a huge opportunity for international companies who want to trade and manufacture in Mexico, both for the domestic and the US markets.
The “Manufacturing in Mexico” guide includes the most updated information on the manufacturing sector, industrial parks, supply chains, free trade agreements, manufacturing models, investment and taxation, for companies interested in starting a manufacturing company in Mexico.
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