Mexico – opportunities


Mexico has consolidated its posflickr-5617344444-hdition as a global leader in the aerospace sector. The country’s exports 5.04 billion dollars in this sector in 2012, and recorded an annual average growth between 2006 and 2012 that exceeded 16%. In 2012, 270 aerospace companies were registered in Mexico, most of which have NADCAP and AS9100 certifications. These companies and support entities are located mainly in six states and, according to estimates by the Ministry of Economy, employ more than 32 thousand high-level professionals. In 2012 were announced more than 1.3 billion dollars in investment projects for the aerospace industry, according to estimates by the Ministry of Economy. Furthermore Mexico is one of the few countries with a Bilateral Aviation Safety Agreement (BASA) and with Federal Aviation Administration (FAA). Companies in Mexico have certified their processes to comply with industry standards such as ISO-9001, AS9100 and NADCAP.



Mexico is a producer of great quality and innovation vehicles. Cars made in Mexico comply with high standards and are sold in the most demanding and competitive international markets. In 2012, the terminal automotive industry grew in three significant areas: exports, domestic market and production. In the same year  automotive industry accounted for approximately 4% of the country’s GDP and 20% of its manufacturing GDP. Light vehicle production grew by 12.7%, going from 2.6 million units in 2011, to 2.9 million in 2012, hitting a new record for assemblers in Mexico. The heavy vehicle industry recorded a 3.8% growth in production, with 138,078 units. Mexico’s automotive and auto parts industries have been boosted by the arrival of vehicle assemblers from around the world, such as: General Motors, Chrysler, Volkswagen, Ford, Nissan, Toyota, Honda, Volvo, BMW, and Mercedes-Benz. There are a total of 19 production complexes in 11 Mexican states, engaged in activities that range from assembly and bullet-proofing to vehicle and engine casting and stamping. While the United States continues to be the leading export market for Mexican cars and trucks, it is not their only destination, as Mexican vehicles are also exported to Latin America, which in recent years has increased its share in Mexican exports. Mexican vehicle exports in 2012 reached 2.5 million units, a 9.4% increase compared to 2011.


Electrical Industry

Mexico is the leading producer in the electrical Industry in Latin America, ranking as one of the main investment destinations in the world. Furthermore, Mexico is the leading supplier to the US market of electricity generation products and distribution equipment. The industry has strengthened over time. In 2012, its total production reached 28.843 billion dollars, of which 54.2% was concentrated in the wiring, cabling and battery segment; 26.8% in electricity distribution and control equipment; and 19.0% in production of electric motors and generators. Exports from the Electrical Industry reached a value of 21.74 billion dollars, mainly to the US and the rest to Canada, Nicaragua and Germany, among other countries.


IT services and BPO

Mexico is a leader in the IT and BPO industry, ranked as one of the sixth most attractive destination to locate global services, which include information technology (IT) outsourcing and business process outsourcing (BPO), as well as contact and call centers. Mexico has recorded high growth rates in recent years in the IT services, BPO and software market (8.9% annual average increase during the 2006-2012 period). Business Monitor International estimated the value of this market at 10.5 billion dollars in 2012. According to reports from the Ministry of Economy (SE), Mexico has become the third largest exporter of IT services globally. Exports of IT services and BPO grew by an estimated 12.6% in 2012, going from 4.94 billion dollars in 2011 to 5.56 billion dollars. Some of the leading transnationals’ in the world, such as Dextra Technologies, Accenture, HP, IBM, and Neoris have presence in Mexico. Mexico was ranked second best investment destination for software projects in Latin America, attracting 23% of total investment; furthermore, it is considered the best destination in Latin America to establish IT companies.



The pharmaceutical industry engages in the research, production, development and sale of chemical products and biodrugs used for disease prevention and treatment. It is estimated that this industry in Mexico produced 10.757 billion dollars in 2012. In 2012, Mexican pharmaceutical exports reached 1.874 billion dollars, making Mexico the leading exporter in Latin America. The main export destinations were United States, Venezuela and Panama, with shares in total Mexican exports from the industry of 22.1%, 17.6% and 11.9%, respectively. There are 678 economic units in Mexico that specialize in the pharmaceutical industry. Fourteen of the 15 top international pharmaceutical companies have presence in Mexico. The pharmaceutical industry recorded an accumulated investment of 2.866 billion dollars in the 2005-2012 period. In 2012 alone, foreign direct investment (FDI) in this industry was valued in 981 million dollars.


Processed foods

In Mexico, the processed food industry has reported significant growth in last years, mainly because of its productivity and inputs availability, as well as the country’s macroeconomic solidity, competitiveness to attract foreign investment and capacity to be an export platform to more than 40 countries with which it has trade agreements. In 2012, Mexico’s processed food industry produced 123.954 billion dollars, which represented 23.2% of the country’s manufacturing GDP and 4.1% of its total GDP. The main export destinations in 2012 were the United States, Guatemala and Japan with shares in total Mexican exports from this industry of 68.5%, 6.3% and 2.4%, respectively.


Renewable EnergyWindmills_and_Ailsa_Craig_aka_Paddy's_Milestone_rotated

Up to 2012, Mexico had an installed effective capacity to generate 63,195 MW of electricity, of which 14,501 MW came from renewable sources (solar, wind, hydraulic, geothermal and biomass). This accounts for 23% of total installed capacity. There are currently 258 power stations in Mexico that are operating or under construction to generate electricity from renewable sources. Oaxaca and Veracruz are the states with the largest number of wind and biomass projects, respectively. It is estimated that by 2026 the installed capacity to generate electricity from renewable sources will increase by 20,544 MW and that wind and hydraulic sources will have the largest share, with 58.6% and 27.3%, respectively. This project includes the modalities of public service, self-supply and distributed generation. Between 2003 and 2012, Mexico received approximately 7.343 billion dollars in investments in the renewable energies industry, mainly in the states of Oaxaca and Baja California. The main investor countries were Spain, the United States, France and Denmark.


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