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GBA LatAm Insights
Mexico Economic Review

 
Mexico Manufacturing Edition
 
July 17th, 2021


Dear friends,

Please find our latest edition of Mexico Economic Review.

If you would like to learn more about Latin America economy, trade and investment, please contact us contact@gbalatamtradeandinvestment.com

Best regards,

GBA LatAm Trade and Investment Advisors

尊敬的朋友,

请随附我们最新版的墨西哥经济评论》

如果您想了解有关拉丁美洲经济,贸易和投资的更多信息,请联系我们 contact@gbalatamtradeandinvestment.com

GBA LatAm Trade and Investment Advisors

MEXICO ECONOMIC REVIEW
  • Analysts consulted by the Bank of Mexico foresee a growth of 5.8% in 2021, a figure above the 5.16% of the May survey. Regarding inflation this year, it is expected to be 5.58%.
  • The Ministry of Finance maintains the country's growth outlook at 6.5% for 2021.
  • The Health Secretariat confirms that the country is in a third wave of the Covid-19 epidemic. The vaccination strategy has helped to reduce the incidence of hospitalizations and deaths.
墨西哥经济评论
  • 墨西哥银行咨询的分析师预计 2021 年将增长 5.8%,高于 5 月调查的 5.16%。 今年的通胀率预计为5.58%。
  • 财政部维持该国 2021 年的增长前景为 6.5%。
  • 卫生秘书处确认该国正处于 Covid-19 流行病的第三波。 疫苗接种策略有助于减少住院和死亡的发生率。 

10 Reasons to Invest in Mexico in 2021


A year after the entry into force of the USMCA, we would like to share the 10 reasons to invest in Mexico, a market with growth and wealth potential.

Reason 1: Competitive Labor

Mexico is a country with competitive costs in labor that makes outsourcing to Mexico interesting.

Moreover, Mexico has a young and highly qualified workforce, where 45% of the population is between 30-49 years of age of which 17% graduate from world-class engineering programs.

Reason 2: Domestic Market & Free Trade Agreement Network

A second reason to invest in Mexico is the fact that it is one of the most competitive countries for productive investment. Why? Mexico has a strong domestic market, as well as the capacity to generate advanced manufacturing, and Mexico has preferential access to international markets through its network of free trade agreements with 50 countries (1,300 million people). In that sense, Mexico is an ideal export platform to access 60% of the world’s GDP.

Mexico’s trade openness has benefited Mexicans not only in generating jobs but also in promoting their products and services abroad. 

Reason 3: USMCA and the North American Market

Mexico is the gateway to the most important market in the world, the North American Market through the USMCA (i.e. the United States – Mexico – Canada Agreement). In fact, the USMCA region has a population of 493 billion people, equivalent to 24 billion dollars or 28.2% of world GDP. In addition, the region has an annual trade of 6 trillion dollars, representing 15.9% of the world’s total trade.

Reason 4: High Tech-Manufacturing in Mexico

Mexico is a leading exporter of advanced high-tech manufactures in Latin America, representing 35% of the region’s total trade. In 2019, 81% of Mexico’s total exports were manufactured goods.

Reason 5: Mexico has a Sophisticated Manufacturing Industry

Mexico manufactures and exports a large number of sophisticated goods, ranking among the top 20 of the Harvard Atlas of Economic Complexity in 2018.

Reason 6: Innovative Industrial Platform in Mexico

Mexico has a diverse and innovative industrial platform with more than two-thirds of its exports coming from highly complex sectors. As noted above, Mexico ranks 19th in the Atlas of Economic Complexity. Indeed, the rank is explained because 23% of its exports are vehicles, 20% machinery, 20% electronics, 8% agriculture, 6% services, and 6% minerals.

Reason 7: Automotive and Aerospace Industry in Mexico

Mexico is the fourth exporter of new light passenger vehicles (2018) and sixth producer worldwide (2019). Furthermore, Mexico is also the sixth largest supplier of aircraft parts to the US (2019).

In addition, Mexico is also the sixth exporter of information technology products and services, and eighth of medical devices (2017).

Reason 8: Foreign Investment in Mexico

Mexico is one of the most attractive emerging countries to invest in, according to the World Investment Report 2020 of the United Nations Conference on Trade and Development (UNCTAD).

Mexico is ranked 14th among the main foreign direct investment (FDI) recipient countries on a global scale. In 2019, the USMCA region received 329 billion dollars, equivalent to 20.2%, of foreign direct investment worldwide. In 2021, economists expect that in 2021 FDI will increase considerably compared to the level registered in 2020, when it amounted to 31 billion dollars.

Reason 9: Modern Infrastructure in Mexico

Mexico is privileged with its geographical location and modern infrastructure. According to the WEF, Mexico is among the 30% of the countries with the best transport infrastructure, with 172,000 km of roads, 27,000 km of railways, 117 ports, and 76 airports (64 international and 12 national). 

Reason 10: Leading Companies in Mexico

Mexico is a recipient of investment from the world’s leading companies in the automotive, electrical-electronics, metalworking, and aerospace industries.

According to figures from the Ministry of Economy, Mexico has an accumulated investment from 1999 to 2020 from Mainland China, Hong Kong SAR., and Taiwan of 3,596.3 million dollars.
 

***Notes on China Mainland, Hong Kong, and Taiwan:

China Mainland Investment in Mexico 
Accumulated investment from China Mainland from 1999 to 2020 accounted for 1,417.4 million dollars, mainly in manufacturing industries (textile, chemical, pharmaceutical, electrical energy, plastic, metal-mechanics, electrical-electronics, auto parts, and various machinery), mining, telecommunications, energy, construction, and financial services. In 2020, Mexico received 173.4 million dollars of investment.

Hong Kong Investment in Mexico
Investment from Hong Kong, accumulated during the period from 1999 to 2020, accounted for 1,090.7 million dollars, in transport and storage services, mining, and manufacturing industries. In 2020, the country received an investment of 129.9 million dollars.

Taiwan Investment in Mexico
Accumulated investment from Taiwan in the period 1999 to 2020 accounted for 1,088.2 million dollars, mainly in manufacturing industries (computer equipment) and to a much lesser extent, textile manufacturing. In 2020 an investment of 36 million dollars was received in Mexico.

2021年在墨西哥投资的10 个理由

 

《美国-墨西哥-加拿大协定》(USMCA)生效一年后,我们想分享在墨西哥这个具有增长潜力和财富潜力的市场投资的10个理由。

理由 1:具竞争力的劳动人口

墨西哥在劳动力成本方面具有竞争力,这使得外判到墨西哥变得很有意思。

此外,墨西哥拥有一支年轻且高质素的劳动力队伍,其中45%的人口年龄在30-49岁之间,当中的17%是从世界一流的工程专业毕业。

理由 2:国内市场和自由贸易协定网络

在墨西哥投资的第二个理由,是由于它是生产性投资最具竞争力的国家之一。为什么?墨西哥拥有强大的国内市场,以及拥有发展先进制造业的能力;而墨西哥通过与 50 个国家(13亿人)的自由贸易协定网络,享有进入国际市场的优惠条件。从这个意义上来说,墨西哥是进入世界 60% GDP 的理想出口平台。
 
墨西哥的贸易开放使墨西哥人受益,不仅创造了就业机会,他们亦可以在海外推广墨西哥产品和服务。

理由 3:USMCA 和北美市场

墨西哥是通过 USMCA(即《美国-墨西哥-加拿大协议》)通往世界上最重要的市场-北美市场的门户。实际上,USMCA 地区的人口为 4,930亿,相当于240亿美元,占世界GDP 的 28.2%。此外,该地区年贸易额达6万亿美元,占世界总贸易额的15.9%。

理由 4:墨西哥的高科技制造业

墨西哥是拉丁美洲先进高科技产品的主要出口国,占该地区总贸易的35%。 2019年,墨西哥总出口额的 81%为制成品。

理由 5:墨西哥拥有先进成熟的制造业

墨西哥制造和出口大量的高级商品,在 2018年 Harvard Atlas of Economic Sophistication 中名列前 20 名。

理由 6:墨西哥的创新工业平台

墨西哥拥有多元化和创新的工业平台,其出口的三份之二以上来自高度复杂的行业。如前所述,墨西哥在Atlas of Economic Complexity 中排名第19 位。能够得出此排名,是因为其出口中,汽车占23%,机械占20%,电子产品占20%,农业占8%,服务和矿产各占6%。

理由 7:墨西哥的汽车和航空航天业

墨西哥是新轻型乘用车的第四大出口国(2018年),亦是全球第六大生产国(2019年)。此外,墨西哥亦是美国第六大飞机零部件供应商(2019年)。

此外,墨西哥亦是资讯科技产品和服务的第六大出口国,以及医疗器材的第八大出口国(2017年)。

理由 8:在墨西哥的外国投资

根据联合国贸易和发展会议(UNCTAD)的《 2020年世界投资报告》,墨西哥是最吸引投资的新兴国家之一。

墨西哥在主要外国直接投资(FDI)接受国中排名全球第14位。 2019年,USMCA地区获得了3,290亿美元,相当于全球外国直接投资的20.2%。经济学家预计,到2021年,外国直接投资将比2020年的310亿美元大幅增加。

理由 9:墨西哥的现代基础设施

墨西哥因其地理位置和现代化的基础设施而得天独厚。根据世界经济论坛(WEF)的数据,墨西哥是交通基础设施最完善的30%的国家之一,拥有172,000公里的公路,27,000公里的铁路,117个港口和76个机场(64 个国际机场和12个国内机场)。

理由 10:墨西哥的领先公司

墨西哥是汽车、电子电气、金属加工和航空航天行业的全球领先公司的投资接受国。

根据经济部的数据,从1999年至2020年,墨西哥在中国大陆、香港特别行政区和台湾的累计投资额为35.963亿美元。

*** 关于中国大陆、香港和台湾的注释:
中国大陆在墨西哥的投资
1999年至2020年,中国大陆的累计投资额为14.174亿美元,主要用于制造业(纺织、化学、制药、电能、塑料、金属机械、电子电气、汽车零部件和各种机械)、采矿、电讯、能源、建筑和金融服务。 2020年,墨西哥获得了1.734 亿美元的投资。

香港在墨西哥的投资
1999年至2020年期间,香港在运输和仓储服务、采矿和制造业的投资累计达10.907亿美元。 2020年,该国获得了1.299亿美元的投资。

台湾在墨西哥投资
台湾在1999年至2020年期间的累计投资额为10.882亿美元,主要投资于制造业(电脑设备),其次是纺织制造业。 2020年,墨西哥获得了3600万美元的投资。
 

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