Mexico. According to the association, the production of auto parts in Mexico will reach more than 106,600 million dollars by the end of 2022
The National Auto Parts Industry (INA) announced that the production of auto parts in Mexico will reach a historical record at the end of this year with a figure of 106,665 million dollars, which represents a growth of 12.65% compared to what was observed in 2021.
At a press conference, the INA also said that the outlook will continue to be positive for the coming years. The association estimates that the production of auto parts will reach US $ 108,874 million in 2023, while in 2024 it will exceed the threshold of US $ 110,000 million, reflecting an unprecedented growth of the national industry.
On the other hand, the INA forecasts that, at the end of this year, the number of direct jobs generated by the industry will be 879,000 people, which implies a growth of 5.2% in relation to the values observed in 2021.
In addition, the INA mentioned that the phenomenon of relocation of investments known as nearshoring and the competitive advantages offered by the USMCA are promoting an ideal climate for Mexico, so "in recent months more than US $ 10,000 million in foreign direct investment have been announced, which will be reflected from the first months of next year. "
INA stressed that, due to Mexico's export profile, the automotive trade balance will generate a surplus of around US $ 100,000 million at the end of 2022, representing a balance greater than the registered sum of remittances, the tourism balance and oil.
Regarding the results of the XX International Congress of the Automotive Industry in Mexico (CIIAM), the INA announced that 74% of attendees expressed significant growth within their companies, of more than six percentage points, which reinforces the leadership of the industry.
In the same way, the association spoke about the recently updated NOM-194-SE-2021 that was published on October 3 in the Official Gazette of the Federation, which establishes that all vehicles year 2025 must have safety devices such as side airbags and child seat retention anchors.
Likewise, the regulations indicate that electronic stability control systems must be complied with in all their versions; from the most austere to the most equipped.
With the entry into force of the update of this standard, the INA expects to perceive a positive impact on the production of auto parts in Mexico, especially those related to vehicle safety systems.
