Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

Automotive Products Make Up One in Four Dollars of Mexican Exports  

The researcher at UAEM pointed out that Mexico is the seventh-largest producer of cars in the world and the first in Latin America

A car production factory, photo: Wikipedia
By The News Whatsapp Twitter Facebook Share
10 months ago

Yolanda Carbajal, professor at the Center of Research in Economic Sciences at the Autonomous University of the State of Mexico (UAEM), says that the automotive sector — one of those most important areas of economic activity in the country — is under great threat from the Donald Trump, president of the United States.

She pointed out that Mexico is the seventh largest producer of cars in the world and the first in Latin America. It is the fifth largest producer of car parts and the fourth largest exporter of light vehicles in the world. The automotive industry contributed 3.2 percent to Mexico’s GDP and 18.3 percent to the country’s manufacturing sector, which in 2016 employed more than 765,000 people.

Carbajal said that 10 different Mexican states are involved with vehicle assembly. There are three factories from the United States, four from Japan and one German company.

Mexico’s automotive industry amounted to $85 billion in 2015, with almost all major car manufacturers producing car parts there.

She added that the automotive sector is also one of the largest recipients of foreign direct investment (FDI) in the country. Between 1999 and the first half of 2016 it received about $45.7 billion, representing 10.2 percent of the total FDI received in Mexico.

The academic said the fact that the automotive sector has had a very important growth in North America should be noted. The vehicle production of the three countries involved in the North American Free Trade Agreement (NAFTA) accounts for 19.8 percent of total world production.

Within NAFTA, Mexico has seen the greatest growth of the automotive industry.

Comments Whatsapp Twitter Facebook Share
More From The News

Bitcoin futures soar amid frenzy over vi ...

2 days ago

France names winners of anti-Trump clima ...

2 days ago

The Latest: Bitcoin futures end 1st day ...

2 days ago
Latest News

Tigertown: Morris, Trammell elected to b ...

2 days ago
Most Popular

Up to 90 Million More Takata Airbag Infl ...

By The Associated Press

Deficit in the Mexican Payments Balance

By The News

Mexico's Industries seek U.S. Partner Co ...

By Rosalba Amezcua

Empowering Women's Financial Stability

By Rosalba Amezcua

Scandal-plagued Toshiba Sells Medical Un ...

By The Associated Press