Industrial Sector
Mexico
Mexico, as one of the trading partners of the trade agreement with the United States of America and Canada (USMCA) and by incorporating the 13 trade agreements with other countries described previously, Mexico provides companies (domestic and foreign) with a very attractive market due to its geographic position (strategically located in the North American market), with a young population (50.3% of the Mexican population is under 30 years old), with a specialized labor force at competitive prices and low transportation costs, as well as very reasonable times for the transportation of goods (thus overcoming the advantages that in previous years had the exports of production and manufacturing from Asian countries, mainly from China).
Based on recent figures it is estimated that the levels of manufacturing exports from Mexico to the United States of America, ranging from US$350 to US$385 billion in recent years, could increase in the next 5 years by an additional US$155 billion.
These increases in export volumes will require approximately 13 million additional square meters of industrial spaces.
At Industry Makers Group – IMG, we see this as an opportunity, given the favorable conditions of Mexico’s industry.
