AUTOMOTIVE INDUSTRY IN MEXICO

Mexico, the second largest economy in Latin America, has one of the most important manufacturing industries in the region. The industrial sector is of utmost importance to the country, accounting for more than 17% of its gross domestic product (GDP). Thanks to it, Mexico supplies raw materials and industrial inputs to many international markets, from food and beverages to more technologically sophisticated goods such as automobiles. The automotive industry is, in fact, one of the pillars of the Mexican manufacturing sector. So much so that Mexico is the Latin American country that produces the largest number of motor vehicles and is also the seventh largest automobile producer in the world. 

GDP 2.6% FDI

FDI 5.075 billion USD

Exports USD 10.4 billion

Production volume of light vehicles in Mexico 2020

728,768 units

Production volume of heavy vehicles in Mexico 2020

136,422 units

Queretaro:

The automotive sector in Querétaro has more than 300 companies, including companies such as Brose, Magna, Faurecia and Autoliv.

The automotive industry operating in the state of Querétaro currently represents 34.4% of the Gross Domestic Product. Of this level of manufacturing value, the export of systems, parts and components produced in the state and destined to equip light and heavy vehicles represents 28.5%.