Mexico adds another 2,268 million dollars for nearshoring

MEXICO CITY.- From last november Y until 2023, Mexico attracted investments derived from nearshoring for 2 thousand 268 million dollars, highlighting the operations of companies in the automotive sector, revealed Credit Suisse.

In your report Nearshoring Trackerthe brokerage pointed out that within the automotive investments, the most relevant was that of the electric vehicle plant of BMW, 850 million dollars.

He indicated that other sectors are also expanding their operations in the country, such as electronics, which contributed 13 percent of the total amount.

Only for November, the Swiss bank reported 1,153 million dollars for nearshoring operations in Mexico,

while in December there were 150 million and so far this year they have totaled 965 million, highlighting the investment of bmw.

He mentioned that according to the president of the Mexican Association of Private Industrial Parks (AMPIP), the Country has attracted between 75 and 100 Canadian, Chinese, Korean and Japanese companies that have implemented or expanded operations in the national territory.

Credit Suisse also highlighted that there is clear evidence of the nearshoring process, such as international shipments outside of Mexico, especially to the United States, which have grown by 20 percent and regional banks, such as Banco del Bajío, report that nearshoring activities They represent 5 percent of your loan portfolio.

On the other hand, the report considered that nearshoring is a potential engine of long-term growth for various industries in Mexico, especially real estate.

The gross absorption of relocation operations in the real estate market, which it monitors in Mexico, was 1.2 million square feet in the first nine months of 2022, compared to 0.7 million reported in all of 2021.

Credit Suisse He noted that given the recent bottlenecks in the supply chain, migration operations to Mexico will likely continue, which could create more opportunities, at least for the next three years.

However, he warned that there is a lack of investment in infrastructure, such as energy, for the trend to gain strength.

Separately, in statements to Bloomberg Línea, Luis Manuel Hernández, president of the National Council of the Maquiladora and Export Manufacturing Industry (Index), said that the energy dispute has already become an obstacle to investment in the region.

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This could make investors reconsider their investments, since there is uncertainty about what would happen to an investment that is made in this situation of the lack of definition of the energy complaint.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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