Nearshoring increases volume of exports in Mexico

Nearshoring has benefited the border cities of the Mexican Republic, allowing the accelerated increase in their exports.

Topping the list is Chihuahua, which was first in the country in merchandise exports with 55,736 million dollars, with the manufacture of measuring, computing, communication equipment and other electronic components and accessories. In second place we have Coahuila with 44,774

million dollars, an amount that represented an annual increase of 16.0%; Its main sector was the manufacturing of transportation equipment, followed by Baja California with a value of 38,828 million dollars and an annual increase of 12.2 percent.

The states with the highest number of exports: Chihuahua, Coahuila, Baja California and Nuevo León.

The state of Nuevo León showed 38,431 million dollars in merchandise exports, giving an increase of 25.9%; thanks to its exports of transport equipment.

This increase occurred thanks to nearshoring, a concept that was born from the trade war between the United States and China and refers to the relocation of production processes abroad to lower costs and lower labor costs.

Added to the above is the proximity to the United States and transportation costs. Shipping a 53″ container from Tijuana to Los Angeles costs $600, while from China to the same port costs $5,000.

Other States

Tamaulipas completed the top 5 states with the highest export value. Two federal entities that do not belong to the northern border region were located: Guanajuato (23,510 million dollars) and Jalisco (19,566 million), which even surpassed Sonora (17,873 million).

Campeche, representative of the Mexican southeast and whose economic vocation is oil mining, also stands out in the top 10, with 15,262 million dollars.

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