Mexico is rapidly becoming one of the shining stars of the
automotive world. Total vehicle sales for the first three
quarters of 2012 totaled 701,901 units, a significant 11.2%,
increase over the same period in 2010.
The automotive industry accounts for 23% of the country’s
total exports, with 80% of the value of those exports,
including finished vehicles and component parts, destined for
the United States. The remainder is shipped to more than 100
countries worldwide.
If vehicles and auto parts are taken together, Mexico is
the fourth largest exporter in the world, higher than the BRIC
(
Brazil, Russia, India and China) countries.
In 2010, Mexico became the largest exporter of auto parts
and vehicles to the US, greater than Canada, Germany and
Japan.
This year, Mexican automotive exports will climb by
around 4% to an all-time high, according to the president of
the country’s auto association AMIA Eduardo Solis. Speaking
to reporters last month, he announced that Mexico had
exported a record 2.2 million vehicles in the first eleven
months of last year and that the projected figure for 2013 is
2.45
million. By 2017, Mexico will have the capacity to
produce four million vehicles per year and will be the seventh
largest producer and third largest exporter of cars worldwide.
The importance of the automotive industry for the
Mexican economy is beyond question. It accounts for 3.6% of
the gross national product(GNP), 20.3% of the GNP of the
manufacturing industry and is the principal generator of
foreign currency.
The industry is also one of the country’s largest
employers, with more than 509,000 formal jobs (direct and
indirect), a large percentage of which are for skilled workers,
and is one of the production chains offering the best pay,
training and professional development opportunities.
Mexican automotive production will continue to grow
as its free trade agreement with North America makes
the country a very attractive manufacturing location.
Transport capacity for exports will become an issue but
short-sea could be the answer.
Sam Ogle
reports.
Short sea canhelp
solve capacity
issues out of
Mexico
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