Mexican Auto Parts Market in Fast Growth

According to the statistics of INA (Association of Mexican Auto Parts Enterprises), in the most recent 5 years, Mexican auto parts market grew 47% and its export rose by 50%. The value of Mexican auto parts market in 2010 was USD69.4 billion (domestic production: USD57.5 billion, export USD37.9 billion, import: USD26 billion); in 2013 the total market value climbed to USD96.8 billion (domestic production: USD76.8 billion, export: USD55 billion, import: USD35 billion). It is expected that the total market value in 2014 will be over USD100 billion (domestic production: USD81.4 billion, export: USD56.6 billion, import: USD36 billion).

According to the statistics of PROMEXICO, 1/10 of the lightweight cars in U.S. market were produced in Mexico. In addition, 89 out of the 100 major auto parts manufacturers have their products produced in Mexico.