Mexico. The automotive and auto parts industry in Mexico and Brazil shows growth in recent years that can be strengthened, favoring the economies of both countries, representatives of the sector agreed.
Francisco González Díaz, president of the national auto parts industry, highlighted at the Mexico-Brazil Business Forum that last year, Mexico bought 1,400,000 cars, of which 120,000 came from Brazil. In turn, Brazil bought 2,300,000 vehicles, of which only 40,000 came from Mexico.
"We are going to continue moving forward and in the case of the relationship with Brazil it is extremely important (...) about 15 Mexican companies that are in Brazil and the companies that export from here, we reach 10 percent of the parts that are integrated into a Brazilian vehicle," said González Díaz.
In addition, he mentioned that the strongest amount of transactions between the two countries are auto parts, and that this industry is growing at 15 percent, positioning itself in fourth place worldwide. "And we are going for the bronze medal," he said.
For his part, Rodrigo Centeno Caballero, president of Nissan Mexico, said at the same forum that at this time there is a great opportunity for the automotive sector to improve value chains. "The automotive industry is the jewel in the crown because in Mexico it contributes 5 percent of the Gross Domestic Product (GDP) and has been key in the Mexico-Brazil relationship." He explained that despite economic, political and social changes, trade between the two countries grew three times from 2007 to 2023. "All the changes, as well as the policies for Mexico from the United States that become very restrictive, make us rethink where our suppliers have to be located," he said.
Finally, Lula da Silva, when participating in the forum, said: "The potential of the Mexican economy is extraordinary and the same is true of the Brazilian economy; what happens is that we have not learned to use 70 percent of our potential and, therefore, we need to sign new agreements."
