MEXICO: Automotive Industry Manufacturing Hub
The Automotive Industry continues to be a pillar in Mexico’s economy representing 4% of national GDP. Foreign investment continues to arrive and the country has strengthened its position as the world’s sixth-largest light vehicle manufacturer and the fourth-largest light-vehicle exporter. In 2018, Mexico produced 3.9 million vehicles with 3.5 million units exported. Main destinations are USA and Canada with Germany as a third destination. This represents 81.6% of total exports. Exports value (2017) amounted to $127 billion dollars.
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