Did you know?

  1. Trade between Mexico and the United States has increased fivefold since the inception of NAFTA in 1995 and reached $531 billion USD in 2015, with both countries benefiting from significant increases in exports.  (Mexico Now, Issue 82, June 2016.)
  2. Mexico has free trade agreements with 50 other countries, more than any other country in the world.  (The World Fact Book, Central Intelligence Agency, www.cia.gov)Auto Plant_Welding
  3. Mexico is the world’s 7th largest automobile manufacturer and 4th largest exporter.  (Asociación Mexicana de la Industria Automotriz, December 2016.)
  4. American, Japanese, and German automakers are expected to invest more than US$12 billion in new plant construction and the expansion of existing plants in Mexico by 2020. (Reuters, October 20, 2013)
  5. General Motors alone plans to invest US$3.6 billion by 2018, which will allow it to double its production capacity in Mexico.  (El Universal Queretaro, December 13, 2014.)
  6. Toyota recently announced that they will invest US$1 billion to build a new assembly plant in Celaya, Guanajuato, which is expected to produce more than 200,000 Toyota Corollas per year once fully operational. (Maquila Portal Bulletins, September 11, 2015)Jet Engine
  7. BMW announced that it is joining a long list of automotive manufacturers in Mexico by investing US$1 billion on new production facilities in San Luis Potosi.  (Automotive News, July 3, 2014)
  8. Mexico’s burgeoning aerospace industry generated exports of nearly US$7.2 billion in 2015, which more than doubled its exports from 2008 (US $3 billion).   Mexico, currently ranked 14th worldwide in aerospace industry exports, has its sights set on moving up to 10th place by 2020 with exports valued an estimated US$12 billion.  (Mexiconow Aerospace Bulletin, April 7, 2016.)
  9. When employee pay, logistics, and currency fluctuations are considered together, Mexico has become the world’s cheapest place to manufacture goods destined for the United States.  (The Economist, Nov 24-30, 2012)Off shore oil platform
  10. Mexico’s Congress passed constitutional amendments in late 2013, opening up the state-owned petroleum industry (PEMEX), which is the 8th largest producer in the world, to foreign investment. (Wall Street Journal, Dec. 18, 2013)