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Querétaro's export sector sees a boost from nearshoring
El Economista | October 30, 2023 |

The trend of supplier relocation, as well as the increase in purchasing requirements for local suppliers, will be a boost for exports from the state of Querétaro, representatives of the sector envisioned.

The state president of the Mexico-United States Chamber of Commerce, Sergio Nava Herrera, said that the entity is a good option for companies that are relocating, in addition to the fact that through the chamber they identify which companies located in the United States are looking for suppliers queretanos.

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These factors, he commented, will end up being reflected in an increase in sales made abroad by companies located in the entity. Not only foreign companies that come to Mexico would be potential tenants, but a new network of suppliers that will be developing in the entity.

Sergio Nava, also president of the Foreign Trade Commission at Coparmex Querétaro, explained that the automotive and manufacturing industries are the ones that are most looking for supplies in the entity. He added that national companies also have the opportunity to diversify their exports to the south and center of the continent.

During the first half of the year, the value of the state's exports grew 12.8% at an annual rate, exceeding the national variation of 3.9%, he explained, referring that the double-digit increase that the entity had is a good sign for companies that They seek to reach the state.

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Export manufacturing companies foresee a gradual boost, motivated by nearshoring, and estimating that next year will be when this trend will be more evident, considered the president of the Querétaro Export Industry Association (Index), Enrique Quezada Ojeda.

At the moment, he added, we are seeing the arrival of new companies and the increase in production lines that will lead to greater productive growth in 2024.

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