Mexican Auto Parts Industry Ranks Top 5 in the World

According to the Association of Auto Parts in Mexico, the production value of auto parts in Mexico in 2012 reached 75 million USD, the 5th place in the world. It is estimated to increase 3%-4% in 2013 and reach 90 billion USD.

The Mexican Export and Investment Bureau reported that in 2011 the export of auto parts in Mexico totaled 45.587 billion USD, with an average annual growth of 10%. 89% of the exports were to the U.S. Meanwhile, the average annual import of auto parts in Mexico was 32.3 billion USD, with an annual growth of 10%.

The report further shows that upon the growing investment in the automotive industry, the auto parts manufacturing industry will be benefited directly. In 2015, the car manufacturing in Mexico is estimated to reach 3.7 million units, almost double over the production of 2009. The demand for auto parts in Mexico will be increased substantially. The development of Mexican automotive industry will also benefit the other auto parts manufacturing industries around the world. As of now, 84% of the global auto parts manufacturers also invest or produce in Mexico. The direct investment in Mexican auto parts industry from foreign countries was 1.288 billion USD.

As estimated, the future of Mexican auto parts industry shines bright and the global large scale car manufacturers and assembly companies may release more control rights to local Mexican industries in order to gain the most direct suppliers.