staging
Mexico's attractiveness increases in the US auto parts market with 38% of exports
El Economista | January 04, 2021 |

Mexico increased its share of the US auto parts market by 10 percentage points during the last decade, but with the T-MEC it is expected to scale its position and absorb a higher percentage, by substituting US imports from China, Germany, Japan and Korea, projected Óscar Albín, president of the National Auto Parts Industry (INA).

To date, Mexico is the main supplier of automotive parts and components to the United States, with 38% of imports made by the northern neighbor, while China stagnated with 9%, Japan has 8.3%, Germany 6.6 % and 5.3% from Korea.

Automotive companies installed in Mexico, such as BMW, Audi, Nissan, Mazda and KIA are already working with their suppliers in their nations with plants in Mexico to locate more supplies in the country and face the shortage of component production from their Asian plants .

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