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Shipment essentials: for shippers
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.
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