National Auto Parts Industry projects 93,000 million dollars in opportunities in the automotive supply chain

Before the opportunities offered by nearshoring  and the Free Trade Agreement between Mexico, the United States and Canada (T-MEC), the country has the opportunity to substitute imports from third countries totaling 93,000 million dollars , so that they join the chain Mexican supply.

The above was commented by Alberto Bustamante González, general director of the National Auto Parts Industry (INA), who reported that Foreign Direct Investment (FDI) in the auto parts sector from 2019 to 2021 totaled more than 4,000 million dollars in Mexico. , which are framed in the T-MEC.

“What we have carried from January to April 2022 shows more than 542 million dollars of FDI in auto parts. The three main investment destinations for FDI in the auto parts sector are Nuevo León, Chihuahua and Guanajuato”, he reported.

Regarding production, in the first four months of 2022, 34,000 million dollars were added, so it is estimated that it will close the year with 102,000 million dollars ; while Germany will end the year with 94,000 million dollars , for which Mexico will confirm its fourth position as a producer of auto parts worldwide. 

The main auto parts production states in Mexico are: Coahuila (16.9% of the total), Chihuahua (12%), Nuevo León (11.5%), Guanajuato (11.5%) and Querétaro (6.8%).

The general director of the INA highlighted the importance of the automotive and auto parts industry in Mexico , which is the main generator of net foreign exchange for the country, above foreign currency inflows, tourism or oil products.