Mexico is at a key moment to capitalize on the relocation of value chains and industries. The commercial friction between the United States and China continues to be a window of opportunity to increase the export of products made in Mexico.

The country is already the main trading partner of the United States, however, it must increase production capacity, industrial space and infrastructure to avoid losing competitiveness.

Consult here: Cuautitlán and Tultitlán industrial submarkets concentrate 70% of the construction in CDMX

Víctor Soulé, leading partner of advanced manufacturing and mobility of EY Latin America, indicated that, according to the consultancy JP Morgan, the forecast foresees a significant growth for the country of between 80,000 and 170,000 million dollars, where the main projects are located in Baja California, Mexico City, Chihuahua, Coahuila, Nuevo León and the Bajío region.

“The advantages of nearshoring in Mexico are the efficiency and competitiveness of the country, labor wages, cultural similarities with the United States in commercial practices, consumer preferences, solid economic growth, free trade agreements with more than 50 countries, among other factors. Hourly manufacturing wages in Mexico are considerably low compared to those in the United States and China and, to date, this sector employs nine million people.

For his part, Ari Saks, coordinator of EY Mexico's nearshoring investment services, reported that, as of the first half of 2023, Mexico received 29,041 million dollars of foreign direct investment (FDI), an increase of 41% compared to the figure registered in the same period of the previous year.

Of interest: Low vacancy in Chihuahua triggers construction of speculative projects

“Mexico is a key driver of investment growth in Latin America, with a total investment in 2022 of 35 billion dollars and with 433 greenfield projects (projects from scratch), which represents more than a third of the total projects carried out in the region. during that year," Saks said.

Based on these data, Mexico went from assembling and producing low-cost goods to being a producer of high-tech goods and a manufacturer of advanced products with higher value-added activities.

According to AMPIP partners, 50% of new nearshoring tenants come from the United States, and 20% from Asian countries. The greatest demand for industrial real estate is found in the northern states of Mexico, in cities such as Monterrey, Ciudad Juárez, Saltillo y Tijuana. 

In Solili you can consult industrial warehouses available in Guadalajara and Ciudad de México

Original note