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Which industries have benefited the most from nearshoring in Mexico?

Nearshoring to Mexico has had a positive impact on a number of industries. Mexico's $1.29 billion economy is the second largest in Latin America, and it has deep trade and investment ties with the United States. The United States is Mexico's largest export market, accounting for 55% of Mexico's total exports, a figure that has been growing over the years. The following are some of the industries that benefit most from nearshoring in Mexico:

  • Automotive and auto parts: represents 37% of the relocation of plants and investments, which demonstrates its importance for this trend.
  • Electronics and home appliances: These segments have seen a 15% increase in the relocation of operations thanks to nearshoring.‍
  • Aerospace, medical devices, pharmaceuticals and information and communication technologies (ICT): have also increased and experienced a positive impact, attracting investments and boosting growth in the region.

Learn more about the impact of nearshoring on these industries here.

Related Questions

What’s the difference between nearshoring, reshoring, and offshoring?
Offshoring means outsourcing manufacturing to another country, while reshoring means bringing back manufacturing to the country of origin.
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What is nearshoring?
Nearshoring means outsourcing manufacturing to a nearby country or transferring manufacturing processes to a closer geographic location.
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How does CTPAT work?
When a company joins CTPAT, CBP makes an agreement to protect the supply chain, identify where security needs, and implements them.
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What’s the difference between freight forwarder, freight broker, and 3PL?
Freight forwarders move cargo from origin to destination, brokers connect shippers and carriers, and 3PLs also offer additional services.
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What documents are needed to export from Mexico to the US?
If you’re a business exporting from Mexico to the US, you will need the following documentation.
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Is Nuvocargo CTPAT certified?
Nuvocargo partners with a wide network of carriers with the highest quality and safety standards.
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What type of trucking equipment does Nuvocargo provide?
Nuvocargo offers the best capacity solutions for its customers.
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What are Nuvocargo's main routes?
Nuvocargo focuses on cross-border shipments between Mexico, USA and Canada crossing only through Laredo.
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How many trucks is Nuvocargo's fleet?
Nuvocargo works with a wide network of certified carriers.
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What industries does Nuvocargo focus on?
Nuvocargo is equipped to handle the needs of the majority of industries and has clients across a wide variety of sectors.
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What services can Nuvocargo provide for cross-border shipments?
For through-trailer cross-border shipments, Nuvocargo can provide services ranging from freight forwarding to insurance in US and Mexico.
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When to choose through-trailer vs. transloading?
There are pros and cons to both options, however transloading has become the preferred one due to increased capacity and competitive prices.
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What's the difference between an LTL and an FTL?
LTL and FTL are modes of cargo transport, but as their name suggests there's a key difference between the two: quantity of goods shipped.
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Your cross-border shipping checklist
Not all shipments are the same, and depending on your specific needs, you might have to choose a particular carrier, truck type, unit, etc.
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Who are the main actors involved in a cross-border shipment?
It's important to know each actor involved in a cross-border operation and the role each one plays to ensure its success.
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