🇲🇽 Made in Mexico 🇲🇽
In 2023, the manufacturing industry in Mexico attracted approximately USD $18 billion from foreign investors, reflecting a 29% year-over-year (YoY) increase and a 9% higher flow than in 2019, prior to the pandemic's disruption.
Given that this trend is expected to be bolstered by the nearshoring phenomenon, we decided to explore manufacturing production in Mexico more thoroughly—particularly focusing on those industries that have attracted the most foreign investment.
But first, what is being produced in the country & how much of it? For that, we decided to create this graphic that visualizes the composition of total production value in the country by the category of individual products.
As you can see, the country’s manufacturing output is quite diverse and complex—despite two major industries, transportation and food, accounting for more than 50% of total production value within a single year.
This highlights the country’s vast capacity to produce everything from compact automobiles to detergent and air conditioning machines, as it aims to capitalize on the nearshoring trend.
Full article: https://lnkd.in/gZHPJ_fc
